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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.

 

Behaviosec authentication technology based on users behavioral biometrics

Swedish security startup Behaviosec is offering an authentication service based on behaviorial biometrics, according to The Independent. Behaviosec CEO Dr….

 

BioCatch Mobile biometric authentication app now out of beta

BioCatch announced that its BioCatch Mobile – which provides both authentication and threat detection across mobile banking platforms – is…

 

Alipay, Huawei to introduce biometric security to mobile payments

Chinese online payment company Alipay has partnered with Huawei to use the fingerprint sensor in Huawei’s new Ascend Mate 7…

 

Chinese institute developing facial recognition system for online purchases

Researchers at the Chongqing Institute of Green and Intelligent Technology in China are currently developing a facial recognition payment system…

 

More than 350K iris and fingerprint devices shipped a year in India: 6Wresearch report

6Wresearch announced it has a published a new report that shows that more than 350,000 iris and fingerprint units were…

 

Morpho releases multi-finger touchless fingerprint scanner

Morpho (Safran) announced it has officially launched Finger On the Fly, which it calls the world’s fastest contactless four finger…

 

Apple patents multimode fingerprint scanner for safer financial transactions

Apple announced that the US Patent and Trademark Office has granted the company a series of 48 patents, including a…

 

Top biometrics news stories, week of August 24

Here’s a recap of most popular biometrics industry news and reports that appeared on BiometricUpdate.com this past week. Biometrics Week…

 

Australian banks implement biometrics for mobile banking

Australian financial institution St George Bank announced it has implemented fingerprint login for its mobile banking service, according to a…

 

EyeVerify raises $6 million from Wells Fargo, Sprint and Qihoo 360

EyeVerify Inc. today announced the completion of its Series A equity funding round. The San Francisco-based firm, which develops patented…

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