Georgia completes trial of face biometric payments for subway system ahead of Japan
Georgia has successfully completed testing of biometric facial recognition from Riddletag in the Tbilisi subway system, becoming the fourth country…
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.
Biometric point-of-sale payments growth led by India, China
The installed base of contactless-enabled POS devices will register 107 percent growth by 2024, surpassing 161 million, says data in…
Mitek survey shows consumers trust banks and distrust social media with digital identity
Consumers are more willing to share their digital identity information with banks than they are with government entities or tech…
ITU Financial Inclusion Global Initiative issues reports on biometrics and other tech to build trust
The Financial Inclusion Global Initiative (FIGI) of the International Telecommunication Union (ITU) has launched a series of new reports outlining…
Facial recognition payment systems rolled out in Denmark, growing rapidly in China
Nets has rolled out biometric facial recognition payment trials for 1,000 people in Copenhagen to see how people react to…
HID and Jumio target South East Asia as two banks launch biometric services
HID Global has introduced its iClass SE RB25F fingerprint solution in the Philippines, according to a Philippines News Agency report,…
Mastercard finds most Latin American and Caribbean consumers want biometric online payments
Millennials in Latin America and the Caribbean are driving regional e-commerce growth rates above 20 percent, and between 63 and…
UIDAI earning over $1M per month for Aadhaar biometric authentication and eKYC
Aadhaar authentication and eKYC services have generated Rs 270 million (nearly US$3.8 million) for the Unique Identification Authority of India…
UK pilot of fingerprint biometric payment fob from G+D and Visa begins
Royal Bank of Scotland (RBS) is trialing a fingerprint biometric fob for authenticating payments by its customers in the UK,…
Synectics integrates digital identity verification tech from Yoti to fight fraud, improve customer onboarding
Synectics Solutions has entered a strategic partnership with Yoti to integrate its biometric digital identity verification technology Doc Scan to…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection