Critics fear consumers will pay new government fees for Aadhaar authentication
India’s government will charge banks and other private companies up to Rs 20 (US$0.29) for each eKYC authentication using Aadhaar,…
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.
Krungsri first bank in Thailand to deploy facial recognition for eKYC checks
Bank of Ayudhya, commonly referred to as Krungsri, is the first bank in Thailand to introduce biometric facial recognition technology…
Majority of financial institutions to invest in biometrics and other MFA tech in 2019
Nine out of ten financial institutions are falling behind in their ability to authenticate customers and step up security, and…
G+D VP suggests banks take charge of digital identity ecosystem
Banks have the confidence of consumers, data, regulatory experience and expertise take a dominant position in the digital identity ecosystem…
Aadhaar biometrics approved for voluntary use by banks and telecoms
Aadhaar has been approved for use by financial institutions and telecoms to verify customer identity for KYC checks, after an…
Mastercard to test behavioral biometrics for payments by customers of UAE-based telecom
Mastercard has reached a deal with United Arab Emirates-based telecom operator du to explore how its NuDetect behavioral biometric technology…
Blockchain-based biometric ATM prototype developed for the Saudi Arabian market
Alhamrani Universal, the largest automated teller machine provider in Saudi Arabia, has partnered with ShoCard to develop a biometric ATM…
Ipsidy partner implements biometric authentication for payment service clients
Ipsidy and its authorized reseller Safetrade Africa have announced that Safetrade’s Xpressa Payment Solutions division has successfully implemented Ipsidy’s Verified…
Nok Nok Labs announces new major deployment of FIDO biometrics and distribution partnership
Nok Nok Labs has announced a new deployment of its biometric technology by Japan’s largest bank and a new distribution…
NEC facial recognition technology behind new biometric ATMs in Taiwan
NEC Corporation announced today that Taiwanese financial institution E. SUN Commercial Bank has deployed biometric ATMs featuring NEC’s facial recognition…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection