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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.


Aadhaar transaction number jump; deadline nears to link financial accounts

Almost 2 billion Aadhaar authentications were recorded last month, according to the Indian government. In all, 90.3 billion transactions have…


Fintech fraud and compliance concerns lift selfie biometrics, ID verification providers

Growth in both the fintech sector and digital fraud rates are providing tail-winds for selfie biometrics and identity verification providers….


Biometrics 2nd most popular identity verification method as OTP fades, Regula study finds

Digital document verification remains the top method chosen for digital identity verification, according to a survey by Regula which finds…


Biometric smart card producers step up production

Biometric smart cards are becoming increasingly popular as a secure form of authentication and payment. Idex Biometrics, Linxens, and Infineon…


Compliance and fraud prevention tools introduced for crypto, digital transactions

London-based digital ID firm Sumsub has released a new Travel Rule solution for compliance in the crypto industry. Discussed last…


Partners join forces to enhance digital payment experience with biometrics

A pair of partnerships have been formed to bring biometrics to payments, one in Asia Pacific and another in the…


Digital wallets beyond $16T in payments; banks want to handle identity transactions too

The launch by the Linux Foundation Europe of the global OpenWallet Foundation  (OWF) drive to create an open-source engine –…


UK businessowners see qualified certificates as expensive, not worth the effort

Cost is the most meaningful hurdle to be surmounted in efforts to make qualified digital signatures commercially viable in the…


Journalist uses AI voice to break into own bank account

In a recent experiment, Vice.com writer Joseph Cox used an AI-generated voice to bypass Lloyds Bank security and access his…


Australia’s digital identity providers could help improve cybersecurity

Australian businesses must now submit cyber security risk reports to government agencies once a year to increase cybersecurity following recent…

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