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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.

 

Japanese bank introducing biometric ATMs to open accounts

Japan’s Seven Bank will begin to incorporate facial recognition technology in its ATMs as soon as this fall to enable…

 

Mobile biometric payments to total more than $1.67 trillion a year by 2023: Goode Intelligence

Mobile biometric payments will total more than $1.67 trillion annually by 2023, generating more than $8.7 billion in revenue for…

 

Carousel Industries to resell Enacomm’s AI-based voice banking solutions

ENACOMM has signed a reseller agreement with Carousel Industries, a communication and network technologies, professional and managed services and cloud…

 

Trulioo adds Czech and Slovakian customers to verification services to fight money laundering

Trulioo has added the capacity to verify customer in the Czech Republic and Slovakia via its GlobalGateway identity verification platform…

 

Thailand’s decentralized national digital ID goes to testing ahead of mid-year launch

Thailand’s national digital ID service is undergoing testing and is expected to be available to the public as soon as…

 

EPC poll shows fingerprint tech has greatest customer adoption potential for biometric payment authentication

Payments industry stakeholders believe the biometric modalities with greatest potential for biometric authentication adoption by consumers in the next five…

 

Citi introduces biometric authentication to replace passwords on institutional platform

Citi Treasury and Trade Solutions (TTS) has launched biometric authentication for its CitiDirect BE desktop and mobile platforms, enabling clients…

 

IDEX executive says biometrics key to access as growth of digital payments causes fear

The prospect of a cashless society is causing concern after a report suggested it could leave some communities behind, the…

 

Nxt-ID biometric authentication and payments business spin-off delayed

The proposed spin-off of Nxt-ID’s assets, including its payment, authentication, and credential management business into an independent publicly traded company…

 

Alipay upgrades facial recognition payment tech with demand spike expected

Alipay has announced a major upgrade to its facial recognition payment technology, replacing its “Smile-to-Pay” system with a new plug-and-play…

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