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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.

 

Payface lands new retail biometric payments deal in Brazil

Brazilian face biometrics payments startup Payface has clinched a deal with supermarket chain Ítalo. Ítalo Supermercados, based in the southern…

 

EU electronic signature rules make some Lithuanian ID cards obsolete

Electronic signatures have become a widely accepted business tool, with as many as 88 percent of the top 100 firms…

 

Thailand prepares for digital wallet benefit scheme amid growing criticism

The Thai government is putting the finishing touches on its digital wallet cash handout scheme, which aims to distribute 10,000…

 

Digital ID, account security boosts to support financial health in APAC

Hong Kong and Australia have made efforts to introduce digital identity – the former by supporting the iAM Smart app…

 

OneID digital identity verification extended across the Nordics by NatWest

NatWest has adopted identity verification from DIATF-recertified OneID for its Structured Finance business in Sweden, Finland, and Norway. This new…

 

GBG, Detected partner on automated biometric KYB checks

In response to the challenges posed by time-consuming and manual intervention in traditional know your business (KYB) processes, GBG has…

 

Singapore AML law responds to high concern over bank fraud, biometrics theft

Consumers are feeling increasing anxiety about the effectiveness of banks’ fraud-protection measures, a recent study by Jumio highlights. This is…

 

Dfinity provides blockchain platform to UNDP trusted credentials framework

The United Nations Development Program has teamed up with the Dfinity Foundation to enhance the trust and dependability of the…

 

Vietnam completes biometric verification for 13M amid fraud concerns

Vietnamese banks have successfully completed biometric verification for over 13 million customers in just two days, with the aim of…

 

FPC, SPS technology partnership to ease biometric payment card manufacturing

Building on their strategic partnership from November 2023, Fingerprint Cards and IN Groupe are expanding their collaboration through the latter’s…

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