Trustonic, OneSpan, Nivo, IDYou, Huawei implement biometrics to secure bank and mortgage apps
Korea’s KB Kookmin Bank now offers fingerprint or facial biometrics for a simpler authentication experience through a successful implementation of…
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.
Online payment fraud loss to grow 50 percent in Europe by 2024
By 2024, financial loss caused by online payment fraud will cost eCommerce merchants more than $25 billion annually, compared to…
FATF encourages digital onboarding, UK regulator allows selfies as proof of ID to keep funds moving
The Financial Action Task Force (FATF) is encouraging government to work with financial institutions and other businesses to take advantage…
Fintech apps with fingerprint security options looks for U.S. foothold, offer to distribute stimulus funds
Fintechs supporting biometric security like Venmo and Cash App have had talks with the U.S. Treasury Department about using their…
More than half of users would share biometric data for seamless digital ID verification, survey says
The process of opening a new digital account can be a dealbreaker for 73 percent of consumers, found a Trulioo…
OneSpan selects Veracode to enable security testing for bank fraud prevention software
Veracode has announced that OneSpan is now using its platform to ensure the security of its solutions and protect financial…
House Dem proposes digital ID and state ledger-backed currency for stimulus aid to U.S. consumers
The broad adoption of digital identity for new U.S. digital financial services is proposed in a bill tabled by the…
TransUnion suggests biometrics to combat spike in digital transaction fraud attempts
TransUnion has identified a 23 percent increase in e-commerce transactions since the coronavirus pandemic was acknowledged by the World Health…
Mobey Forum stands up expert working group to guide bank AI innovation with privacy protections
Digitally-focused banking and financial services industry group Mobey Forum has announced the formation of a new expert group which may…
Singapore and Australia economic pact to support cross-border digital ID
Singapore and Australia have entered a digital economy pact which will involve starting pilot projects that include artificial intelligence, data…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection