Philippines and Malaysia add new biometric banking options
One of the Philippine’s largest banks is introducing biometric verification through voice recognition in order to stem fraud. UnionBank will…
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.
AI speeds synthetic identity fraud, enabling human-like interactions
Fake identities are driving a boom in financial fraud. A new study has shown that fraud involving AI-generated identities has…
Biometric proof of humanity on blockchain launched by LTO, OpenChat
Blockchain developers have been working on better ways for people to prove their claims either to be a human rather…
Socure launches Sigma Synthetic Fraud v4, as ID+ added to FedRAMP marketplace
Socure has announced the release of Sigma Synthetic Fraud v4, as well the addition of the ID+ Platform to the…
New pairings in the global financial sector for Prove, ConnectID, Aware, Authlete
A series of new or expanded deals to enhance the security of financial services against fraud have been signed by…
Online shoppers need stronger authentication to fight fraud this Christmas: Prove survey
Christmas is coming and so is the increased likelihood of online shopping scams. A new survey from digital identity company…
Biometrics for payments, events targeted as growth areas
Biometrics at retailers and event venues made up a pair of the most-read stories of the week on Biometric Update,…
Nigeria partners with e-Gate, Visa on digital ID, payment card for financial inclusion
The National Space Research and Development Agency (NASRDA), a Nigerian federal government agency involved in innovative research for development, has…
Shaping digital identities for the finance sector: Future Identity Festival day 2
Digital identities have been hailed as a means for authentication that could solve difficult issues and usher in a new…
The last thing they have: can biometric tech help the homeless, and will they trust it?
Homelessness is not a single problem, but a confluence of many social issues and challenges – not the least of…
