Korean bank to integrate blockchain, biometrics, IoT payments
Shinhan Card, Korea’s biggest, global top-five credit card company, is looking into blockchain-powered, facial recognition-based payment systems and internet of…
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.
Spanish consulting company Minsait buys fintech firm Afterbanks
Spanish business management consulting company Minsait has purchased Spanish fintech Afterbanks through Indra, Minsait’s parent organization, writes Crowdfund Insider. Afterbanks…
A third of European consumers want biometrics to speed up financial service onboarding
Financial service providers are not taking full enough advantage of biometrics to speed up onboarding processes, 34 percent of European…
Onfido partners up to research identity portability in UK financial ecosystem
Onfido has teamed up with Ethereum blockchain-based digital identity platform uPort and PwC to delve into consumer identity mobility in…
Onfido and Socure take honors for digital identity verification innovation
A pair of digital identity verification companies have been recognized for their contributions to financial and artificial intelligence innovation. Onfido…
Alliex invests $700M in cashless biometric POS infrastructure in Vietnam
South Korean financial solutions company Alliex will spend some $700 million to deploy a shared cashless POS infrastructure system across…
Mastercard experimenting with palm print biometrics on smartphones in digital shift
The decision to drop its name from its logo is part of a desire to be seen as more of…
Banks in GCC, APAC adopting digital identity, biometrics, AI
Customers around the world are turning to digital platforms for daily operations, including banking transactions. The world is in the…
Sumsub biometrics secure Blackmoon cryptocurrency exchange environment
AI-based AML and KYC provider Sumsub has partnered with Blackmoon to ensure AI-based compliance with FATF guidelines for a secure…
Flourishing cybercrime eased by consumer disregard for data protection
Consumers in the U.S. and UK are willing to risk using applications that collect their personal data if they see…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection