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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.

 

Mint develops biometric customer onboarding for UAE integrated with national database

United Arab Emirates (UAE)-based Mint Middle East has announced the development of a digital on-boarding solution integrated with the Emirates…

 

AI identity verification efficiency could make European digital lenders more competitive

Identity verification powered by artificial intelligence could reduce the costs of Know Your Customer and Anti-money Laundering processes by 70…

 

Zwipe partners with Allcard to launch biometric payment cards in the Philippines

Zwipe has partnered with Philippines-based payment card manufacturer Allcard Inc. to launch battery-less dual-interface biometric payment cards with customers in…

 

Tappy exhibits wearable biometrics-enabled payment device at Money20/20 China

This week at Money20/20 in China wearable payment technology pioneer Tappy Technologies exhibited a wearable payment solution developed in collaboration…

 

“Smile-to-Pay” facial recognition system now at 300 locations in China

Yum China has announced that it has extended its “Smile-to-Pay” facial recognition payment system to more than 300 KFC locations…

 

Majority of payments to Alibaba for world’s biggest online shopping day verified with biometrics

November 11 is known as “Singles Day” in China, and is the biggest day of the year for retailers in…

 

Singapore to extend national biometric ID system to banking and healthcare sectors, expand facial recognition at borders

Singapore’s government is planning a trial of a National Digital Identity Facial Biometric System, which could enable banks and healthcare…

 

Entrust Datacard extends PKI technology and market reach with Safelayer acquisition

Entrust Datacard has acquired Safelayer Secure Communications S.A., adding its eID capabilities for people and connected devices, and footprint in…

 

Zwipe develops new inlay for biometric payment devices using 70 percent less power

Zwipe has developed a way to reduce the power consumption of its dual interface biometric payment card by 70 percent…

 

FPC fingerprint sensor used in Italian biometric payment card trial

Fingerprint Cards announced today that its technology is being used in a biometric payment card trial for Italian banking group…

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