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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.

 

Russian bank Tinkoff implements voice recognition in their call center

Russian bank Tinkoff Credit Systems announced it has implemented NICE Real-Time Voice Authentication System in all workplaces of its call…

 

Apple CEO looks to expand Apple Pay to China through possible Alibaba deal

Apple CEO Tim Cook is currently eyeing to expand its contactless platform Apple Pay’s reach to China in a potential…

 

India pursuing multi-fold expansion of citizen biometric registration scheme

Demonstrating a massive reversal in policy, the coalition government led by Indian Prime Minister Narendra Modi has embraced the massive,…

 

Biometric Update: most popular news for week ending October 26

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

 

Encap Security integrates Apple’s Touch ID fingerprint recognition into its authentication platform

Encap Security announced it has integrated Apple’s Touch ID fingerprint recognition technology into its Smarter Authentication platform, enabling any financial…

 

FacePhi provides facial recognition system for Grupo Mutual’s mobile banking service

FacePhi announced it has signed a deal with Costa Rican bank Grupo Mutual to install its facial recognition system in…

 

AGNITio executive to present at Biometrics 2014 conference

AGNITiO announced its executive vice president of sales and marketing, Philippe Vinci, will participate on a panel discussion titled What’s…

 

Apple Pay praised in reviews, availability criticized

The technology press has been generally impressed with the debut of Apple Pay. As reported previously, Apple partnered with credit…

 

Abu Dhabi Commercial Bank turns to voice biometrics

Abu Dhabi Commercial Bank has implemented Nuance Communications’ voice biometric solution to easily and securely authenticate its customers’ identity, according…

 

Spain’s Ministry of Security to implement biometric border control management system

Spain’s Ministry of Security has posted a public tender contract for the supply and installation of a new biometric border…

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