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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.

 

Banco Agrícola deploys Mobbeel’s biometric digital onboarding technology

Banco Agrícola in El Salvador has deployed biometric digital onboarding technology from Mobbeel into its mobile banking application to quickly…

 

Bank ABC leverages Jumio biometrics to streamline KYC and identity proofing

Jumio announced today a partnership with Bahrain-based Bank ABC that will enable the international financial services company to compliantly and…

 

Wirecard introduces palm biometrics payment terminal

Wirecard is adding a palm biometrics payment terminal to its expanding portfolio of biometric ayments solutions that enable fast, convenient…

 

UN panel praises financial inclusion gains from India’s biometric digital ID system

A United Nations high-level panel on digital cooperation has lauded India’s financial inclusion efforts, including its Aadhaar national biometric system…

 

Mastercard biometric card trial in Mexico shows early success with seniors

Senior citizens included in Mastercard’s trial of fingerprint biometrics-enabled cards for social benefits in Sonora, Mexico have responded positively to…

 

Malawi bank integrates biometric National ID system for KYC checks

Malawi’s FDH Bank is the first in the country to integrate the biometric National Registration Bureau (NRB) National Identity database…

 

More than 4 in 5 Americans support airport biometrics, Unisys survey shows

A large majority of Americans support the use of biometrics to verify their identities at airports, amid growing concern about…

 

Element to provide mobile biometrics for Indonesian bank for digital financial services

Element’s mobile biometric platform will provide customers of Bank Central Asia (BCA) with digital authentication in a pilot launched under…

 

Survey shows biometrics not trusted or understood by majority of consumers

A majority of consumers believe that switching from passwords to biometrics will expose them to identity fraud, according to a…

 

Fingopay selects Cardstream payment platform to support UK growth and expansion

Fingopay has selected Cardstream’s Open Payment Network to support its growth and expansion in the UK. Cardstream is an independent…

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