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.

 

Fingerprint Cards and Idex Biometrics introduce new technologies for payment cards

As fingerprint-enabled biometric payment cards draw closer to large-scale issuance, new technologies are being developed to meet the remaining challenges…

 

Mastercard admits mobile and biometric fintechs to Start Path accelerator

Mastercard has revealed ten startups that will join its Start Path program to develop innovative solutions related to financial inclusion,…

 

ID R&D selfie biometrics and passive facial liveness secure cryptocurrency account onboarding

Passive facial liveness from ID R&D has been chosen by BitcoinPoint for frictionless customer onboarding with regulatory compliance and security assured…

 

Trust Stamp and IDnow partnerships to provide biometrics for financial services

Trust Stamp has partnered with open banking solutions provider DirectID to launch a robust bank and document authentication solution secured by…

 

Biometric smart cards and civic digital identity apps to redefine wallets

The advance of biometric smart cards for digital identity and payments, and their eventual replacement by apps in the former…

 

Biometrics present banks with opportunity amid need for better identity verification integration

Half of UK banks that use identity verification for current accounts take customers out of channel to do so, but…

 

Friction still plagues remote onboarding, financials turn to biometrics providers to help

Onboarding abandonment rates jumped by 23 percent from 2019 to the height of pandemic lockdowns this year, leading to nearly…

 

Use of biometrics for 3-D Secure payments explained in EMVCo and FIDO Alliance paper

Global payments technology body EMVCo has published a white paper to help guide merchants and issuers adopting FIDO authentication via…

 

Most older consumers want biometrics for bank account protection — report

A new cybercrime report sponsored by AARP find that those 55 years old and older are adopting more secure data…

 

Growth in biometric cards in banking and retail spurred by COVID-19

Contactless biometric applications are on the rise due to the pandemic effect, Idex Biometrics reports in a blog post. Writing…

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