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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.

 

UK pushes back strong authentication for payments deadline and European industry requests extension

UK merchants have been given a little longer to implement biometrics and other authentication factors, as the strong customer authentication…

 

New remote financial services with selfie biometrics and ID checks launched for EMEA, UK, Baltic clients

Fenergo has fast-tracked the launch of a cloud-based Remote Account Opening (RAO) solution in the EMEA region to help banks…

 

Biometric verification failing for some government crisis grant recipients in India and Pakistan

Postal workers in the Hisar region of India’s Haryana State have delivered 19.4 million Rupees (roughly US$260,000) directly to recipients…

 

Device-based biometrics for immunity passports in the dock, while payment card market revs

Immunity passports are a hot topic in the global identity industry this week, and fingerprints, both in terms of payment…

 

UK government guidelines for digital ID lauded by Yoti as eKYC guidelines for Arab region launched

The Good Practice Guide 45 (GPG45) update released by UK Government Digital Services at the end of 2019, and its…

 

Goode Intelligence offers free registration for Biometric Payments Virtual Summit

The Goode Intelligence Biometric Payments Virtual Summit is less than a week away, and free registration is now available. The…

 

Service for biometric data transfer to centralized Russian system launched and self-enrollment planned

Rostelecom’s cloud-based Unified Biometrics System (UBS) will soon be adopted by 50 Russian banks, NIA Nizhny Novgorod reports. The UBS…

 

Zwipe biometrics selected by APAC payment card manufacturer as white paper on fraud published

Asia Credit Card Production Ltd. (ACC) has selected Zwipe to provide biometric technology for a range of payment products and…

 

Grow digital ID system for emergency and reap long term rewards, World Bank says

The response of governments to the economic impacts of the COVID-19 pandemic highlight the importance of digital ID, according to…

 

Insurance and securities firms in India to offer eKYC checks based on Aadhaar biometrics

Aadhaar biometrics and Unique Identification Authority of India (UIDAI) services can now be used on a voluntary basis for authentication…

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