New regulatory enforcement makes 2020 big year for biometrics, execs say
Regulations for authenticating transactions and protecting privacy will continue to evolve in 2020, with companies gearing up for PSD2’s Strong…
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.
China’s guidelines for facial recognition payments stress biometric data protection
The Payment & Clearing Association of China has introduced its first guidelines for facial recognition payments, addressing user consent and…
buguroo adds behavioral biometrics checks to bugFraud to prevent banking fraud
buguroo has equipped its anti-fraud solution, bugFraud, with enhanced new account fraud prevention features, including behavioral biometrics checks, to prevent…
Israel Securities Authority announces changes to encourage digital innovation
Israel Securities Authority (ISA) announced regulatory changes to support and accommodate digital market innovation in Israel, writes KFGO. “The implication…
Pakistan introduces biometric screening to prevent terror funding through national investment schemes
In an effort to prevent funding terrorism, Pakistan will require biometric screening and identity verification for those participating in national…
Amazon considers palm biometrics for touchless in-store payments, tests terminal transactions with Visa
Amazon is working on linking users’ hands to credit card information to enable palm biometric payments at checkout terminals, reports…
Santander Mexico biometric data collection initiative aims to enroll 3.7 million banking customers
Banco Santander México is collecting biometric data such as fingerprints and facial prints for client registration, and plans on registering…
U.S. consumers more excited than others about facial recognition systems in retail outlets
Almost half of U.S. consumers surveyed in a new report say they are “excited” about retailers using face biometric technologies…
New deals in financial services, government sectors brings in $1.2M for ImageWare Systems
ImageWare Systems has started 2020 with more than $1.2 million in revenue due to partnerships signed with credit unions and…
Nok Nok, BBVA partner to deliver biometric authentication for mobile banking
Nok Nok Labs has partnered with BBVA to help the multinational financial services company deliver stronger biometric security and authentication…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection