FIS introduces Worldpay 3D Secure biometric authentication for online, mobile payments
FIS has released a new biometric 3D Secure (3DS) authentication service dubbed 3DS Flex to help merchants comply with PSD2…
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.
Task force encourages robust digital ID for remote banking as Aadhaar payment service promoted
The Financial Action Task Force (FATF) says in a new guidance paper that digital ID systems with appropriate risk mitigation…
Banks launch facial biometrics for retail payments in Nigeria and mobile services in South Africa
A pair of banks in Africa are launching authentication with facial biometrics for financial services, one for in-person transactions and…
Biometric facial verification to replace passwords and ID documents for online services in Singapore
Singapore’s planned national facial identification service will replace passwords and physical credentials with biometrics for a range of processes and…
New restrictions placed on facial recognition payments in Beijing to prevent coronavirus spread
China’s central bank is urging payment services organizations in Beijing to introduce measures to reduce chances for coronavirus infections, including…
buguroo’s behavioral biometrics tool closes 170 mule accounts in one month
buguroo has upgraded its bugFraud 4.0 solution that prevents banking fraud with a brand new capability, which leverages behavioral biometrics…
CULedger rebrands biometric digital ID service as MemberPass, piloted by 11 credit unions
Credit union service organization CULedger’s KYC compliant biometric digital identity service MemberPass is now commercially available, the company announced. MemberPass…
Iris biometrics from IrisGuard to enable paperless disbursement of refugee cash aid in Egypt
IrisGuard has partnered with Egypt National Post (ENPO) and the UNHCR to deploy its biometric mobile platform EyePay Cash to…
Vein recognition biometrics market to generate $1B by 2029 led by bank deployments
The market for vein recognition biometrics is expected to generate more than a billion dollars annually, led by BFSI (banking,…
Banks at risk of losing digital ID window of opportunity to tech giants, Mobey Forum warns
A comparative overview of digital ID schemes from Europe and North America warns that banks might soon fall behind large…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection