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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.

 

World to appeal Philippine order to stop collecting biometric data

Digital identity project World will appeal a cease and desist order against its developer, Tools for Humanity (TFH), issued by…

 

Biometric payment card from Idex, Hitachi launched with RuPay certification

A biometric payment card was launched this week at Mumbai’s Global Fintech Fest for the Indian market. The card is…

 

Financial fraud surge forcing ATO and AML strategy rethink

Fraud is consuming business resources at an unprecedented pace, according to TransUnion’s newly released H2 2025 Update to the Top…

 

India introduces face authentication for payments in UPI

As of today, individuals in India can use biometrics to approve digital payments through the Unified Payments Interface (UPI), a…

 

Acquisition, investment in biometrics add layers for financial services compliance

Fraud detection technology providers are joining forces to layer biometrics and other digital defenses as protection against emerging and sophisticated…

 

Sophisticated, industrialized fraud demands proactive identity defense

Fighting fraud is like fighting in the dark. That’s the metaphor put forward by a report from Signicat and a…

 

Kazakhstan launches biometrics pilot to enhance gambling industry safety

Kazakhstan’s Ministry of Tourism and Sports and biometrics firm Biometric.Vision have formalized a cooperation agreement aimed at strengthening safety and…

 

Senegal leans on Visa’s digital payments muscle to drive financial inclusion

The Senegalese government and Visa have held discussions for a collaboration that is expected to expand the company’s digital payment…

 

ECB picks Feedzai, G+D among preferred tech providers for digital euro

Feedzai and Giesecke + Devrient are among five “first-ranked” technology providers selected by the European Central Bank (ECB) to build…

 

Biometric solutions powered by FPC rolling out with new IP deal, long-term partner

Biometric technology made by Fingerprint Cards is powering new products from other vendors in a trend that seems set to…

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