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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.

 

76 percent of European online shoppers have never heard of PSD2

There are major discrepancies in awareness levels between retailers and online consumers when asked about EU’s Payment Services Directive 2…

 

CredoLab integrates iovation fraud detection technology to improve financial inclusion

Singapore-based digital credit scorecard provider CredoLab is integrating iovation’s device intelligence technology with its onboarding services for banks and non-bank…

 

Facial recognition for banking eKYC expands across South-East Asia

Several companies in the Asia-Pacific region have made announcements about biometrics initiatives, offerings, and awards for technology supporting financial services,…

 

Behavioral biometrics – securing digital banking without compromising on user experience

This is a guest post by Sam Bakken, Senior Product Marketing Manager at OneSpan Digital banking has grown rapidly in…

 

Self-sovereign identity could present major revenue opportunity for financial institutions

Self-sovereign identity (SSI) presents financial institutions with a major revenue opportunity, according to a new report from Mercator Advisory Group,…

 

Gemalto fingerprint cards trialed in UK as biometrics for banking deployments continue worldwide

UK bank NatWest has begun a three-month trial of biometric fingerprint credit cards from Mastercard and Gemalto with 150 customers,…

 

Featurespace adaptive behavioral analytics tool to fight application fraud in Mexico

Fraud detection and risk prevention company Featurespace has partnered with credit bureau Círculo de Crédito to roll out its ARIC…

 

Ultrasonic connectivity developers Sonarax, Stimshop win Worldline ePayments Challenges

Ultrasonic connectivity software technology company Sonarax and data over sound protocol developer Stimshop have won the Worldline e-Payments Challenges of…

 

Mobile fraud protection startup Paygilant secures investment to expand to US

Behavioral biometrics technology developer Paygilant has secured a $750,000 investment from Connecticut’s venture capital arm Connecticut Innovations (CI). The Israeli…

 

Video KYC stalled in India as regulators fail to release guidelines

FinTech startups in India have finalized video-KYC (know your customer) solutions for customer identity verification to prevent money laundering, financing…

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