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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.

 

Feedzai secures $75M to boost AI-powered financial crime prevention

Feedzai has announced $75 million in additional funding to strengthen its financial crimes prevention offering. In an announcement, the U.S….

 

Vove ID launches KYB platform to add to its portfolio

Digital identity verification startup Vove ID has unveiled a new Know Your Business (KYB) platform aimed at simplifying and accelerating…

 

Deepfakes on steep rise in South Africa, fintech & banking hardest hit

The Senior Director of Fraud Product Management at TransUnion Africa, Amritha Reddy, has bemoaned the supersonic surge in deepfake cases…

 

India’s digital payment authentication rules updated, biometrics providers ready

Financial institutions and payment networks in India can add risk analysis to their two-factor authentication for digital payments, according to…

 

Growing AML sector spearheaded by Oracle, Experian, LexisNexis: Juniper

The anti-money laundering (AML) systems market is set to be worth 75 billion dollars by 2030, partly driven by lax…

 

iDenfy adds AI summary feature to KYB platform for risk analysis

Regulatory technology firm iDenfy has announced that its digital KYC verification platform now has an AI-driven feature which can do…

 

Fintech journey powering Sri Lanka digital economy

Fintech is crucial in Sri Lanka’s digital economy and is projected to unlock $15 billion in value, furthering economic growth…

 

Mastercard extends Smile ID KYC partnership to continue financial inclusion push

A strategic commercial partnership between Mastercard and South Africa-based Smile ID to accelerate the adoption of digital ID in Africa…

 

Targeted KYC software introduced by Advance.AI for Web3, Alloy for always

KYC requirements are something of a moving target, between shifts in the way people perform transactions online and the regulations…

 

UK property transactions go digital to reduce time from sale to exchange

Want to buy a house? You can do that online, and stakeholders in the UK property market are on a…

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