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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.

 

Insiders reveal how to fight sophisticated payment fraud with biometrics

Biometrics play a pivotal role in securing online payments from sophisticated fraud attacks which are increasingly carried out with AI…

 

Entrust, ConnectID tapped for biometric fraud prevention as ID theft grows

The importance of fraud prevention with selfie biometrics for user onboarding is evident around the world with Entrust, ConnectID and…

 

CFIT launches Digital Company ID working groups

The Centre for Finance, Innovation and Technology (CFIT) has made another step towards the creation of a Digital Company ID…

 

GLEIF certifies vLEI issuers in Hong Kong, Thailand

The Global Legal Entity Identifier Foundation (GLEIF) has named two more companies as issuers of its verifiable Legal Entity Identifier…

 

UK kickstarts voluntary identity verification for companies

The UK government has launched a new identity verification service for company directors and individuals with corporate control. As of…

 

Blackrock boss believes digital verification is key in vision for capital investment

In 2025’s annual letter to investors, Blackrock chairman and CEO Larry Fink set out a vision for his company but…

 

Plaid raises $575M in latest funding

Plaid has raised $575 million led by Franklin Templeton, alongside Fidelity Management and Research, and others including existing Plaid investors…

 

Surveys reveal widespread concern, misgivings over digital privacy gaps

The FBI recently issued a stark warning to the public in which it highlighted how criminal actors are exploiting U.S….

 

Biometrics and photo IDs need friends to fight fraud

Biometric fraud prevention, whether at borders or in payments, often depends on photo ID documents, even as new credentials and…

 

Russia’s Unified Biometric System registering more foreign citizens

Over 200,000 foreign citizens in Russia registered their data in the country’s national biometric database Unified Biometric System (UBS) in…

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