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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 Post Office-Yoti biometrics tie-up allows users to buy ‘regulated crypto’ via Swarm

The latest functionality for holders of the UK Post Office’s digital ID app EasyID is proving their identity for putting…

 

Governments bringing more biometrics to bear in AML fight

A new biometrics service has been launched by Pakistan’s government, while Taiwanese regulators are updating their rules to include the…

 

Mastercard partnership to capture biometrics of 30 million Africans

A joint venture by Mastercard’s Community Pass and its partner Paycode aims to capture the biometrics of 30 million individuals…

 

Face, behavioral biometrics well represented on AIFinTech100

Biometrics providers are prominent on the 2021 AIFinTech100, with Jumio’s use of artificial intelligence in its ID document and selfie…

 

South Africa’s government urged to make digital identity development a priority

A report commissioned by financial services company BankservAfrica and conducted by accounting firm PriceWaterhouseCoopers (PwC) has called on the government…

 

Biometric payment cards from Zwipe, Idemia rolling out

Zwipe Pay ONE has been selected by an unnamed ‘Global Tier-1’ bank headquartered in Europe for a pilot it plans to…

 

Fourthline partners with Wish for better digital identity verification in the EU

E-commerce platform Wish is partnering with digital identity and verification specialist Fourthline to improve customer due diligence and identity verification for…

 

Tech5 to develop biometric payments proof of concept for NPCI

The next step for Tech5 has been revealed after the company won the National Payments Corporation of India (NPCI) Global…

 

Biometric banking partnerships unveiled by Acuant and Entersekt

Acuant has entered a new biometrics partnership with Finaptic, which claims to be Canada’s only end-to-end, white-label Banking-as-a-Service (BaaS) provider….

 

Biometric hardware failures prompt Delhi government to change rations collection rules

The department of food and civil supplies of Delhi in India has taken steps to ensure that families can receive…

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