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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.

 

Proof ties digital identity to payments with Visa partnership, crypto tool launch

Proof is bringing its cryptographic digital identity verification capabilities to payments made with cards through a strategic collaboration with Visa…

 

Beyon unveils new investment plan for Jordan’s DPI, seals KYC deal in Bahrain

Bahraini digital ID company Beyon Connect has rebranded its Jordan operations as “Umniah by Beyon” and also announced new investments worth…

 

GLEIF launches Global vLEI Hackathon to advance digital organizational identity

The Global Legal Entity Identifier Foundation (GLEIF) has announced the launch of the Global vLEI Hackathon 2025, which invites developers,…

 

techUK proposes trusted digital IDs to power UK’s £100B digital asset boost

techUK has published a new strategic roadmap urging the adoption of trusted, reusable digital identities to combat fraud and enable…

 

Financial services seek balance of trust, inclusion through face biometrics advances

Advances in the flexibility of face biometric liveness, deepfake detection and cross-sectoral collaboration represent the latest measures against fraud in…

 

Agentic AI spurs investment but raises big authentication questions

The money is rolling in for agentic AI. According to a recent piece by Eugeny Malyutin, head of large language…

 

AiPrise secures $12.5M Series A funding for its KYC and KYB streamlining mission

AiPrise, a startup developing an operating system for global compliance, has raised $12.5 million in Series A funding to fuel…

 

Raya IT receives $23.5M to expand infrastructure for Egypt’s digital economy

Egyptian system integrator Raya Information Technology has obtained a credit facility from the country’s Industrial Development Bank (IDB) to strengthen…

 

Multi-account creation biggest challenge in gig economy, Incognia fraud report finds

A new report from Incognia reveals that gig economy platforms are grappling with increasingly sophisticated fraud tactics, with multi-account creation…

 

Visa transforming digital payments with biometric authentication

Digital payments, passkeys and biometric authentication are easing customer checkout friction, improving security and transforming the shopping experience across the…

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