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Financial Services

Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

 

FacePhi announces new LatAm biometrics customer Naranja X

FacePhi is expanding its reach in Argentina with a new biometric recognition partnership signed with Naranja X, a fintech subsidiary…

 

Idex Biometrics, Fingerprint Cards and Nuance executives discuss contactless, passwordless future

The pandemic has accidentally opened the door for biometric companies to showcase their technologies more widely, and made them some…

 

SWiP selfie biometrics payment solution deployed by Russian medical center

The European Medical Center (EMC), a private clinic in Moscow, Russia, has introduced contactless biometric payments with Selfie2Pay services, the…

 

Canadian digital ID lab granted funds as demand jumps, DIACC head interviewed by iProov

The Digital Identity Laboratory of Canada has been awarded grant contributions from the City of Gatineau, the Québec government, Converge…

 

Identification from a safe distance trends this week in biometrics news

Biometrics solutions for safe work and financial transactions continue to be launched, and increasingly rolled out, as the world plans…

 

Illuma Labs biometric voice authentication gains credit unions’ increasing interest

Illuma Labs’ biometric voice authentication technology Illuma Shield has been chosen by an increasing number of credit unions to improve…

 

Fingerprint Cards and STMicroelectronics co-develop Biometric System-on-Card platform

Fingerprint Cards and STMicroelectronics have partnered to develop a Biometric System-on-Card (BSoC) solution to bring to the contactless fingerprint payment card market….

 

Digital identity for financial services present pandemic recovery opportunity and challenge for banks and governments

The adoption of digital financial services will be accelerated by the pandemic, with corresponding impacts to digital identity, according to…

 

NuData and TypingDNA behavioral biometrics rolled out for digital banking, online exams proctoring

Jack Henry & Associates has integrated passive biometrics and behavioral analytics technology from Mastercard subsidiary NuData Security to upgrade its Banno Digital…

 

Ecommerce and digital transactions up dramatically around the world, but so is identity fraud

Online transactions and corresponding fraud threats have risen dramatically due to coronavirus-motivated lockdowns, generating a massive opportunity for secure, seamless…

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