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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.

 

Fujitsu unveils integrated palm vein and facial biometric system for wallet-free payments

Fujitsu has announced the development of an integrated non-contact palm vein and facial biometric authentication technology for retail payments. In…

 

Bank credits Innovatrics’ biometric onboarding with cutting transaction time for customers

Raiffeisen Group’s Tatra banka has reduced the amount of time its customers take to complete transactions by 70 percent compared…

 

Mastercard to deploy biometric tech for cashless payments at Expo 2020 Dubai

Mastercard has been named as the official payments technology partner of Expo 2020 Dubai. The partnership is part of a…

 

Remitly selects Onfido’s identity verification technology to onboard new users

Onfido has partnered with Remitly, a remittance platform that serves immigrant communities around the world by helping them transfer money…

 

Trust Stamp facial biometrics added to EmTech fintech platforms

Emergent Technology Holdings (EmTech) has announced a strategic investment in Trust Stamp, and will deploy artificial intelligence and biometric hashing…

 

IriTech iris biometrics to provide account and transaction security for cryptocurrency startup Gigzi

Blockchain-based financial system startup Gigzi has announced a partnership with IriTech to secure customer account access through iris recognition technology….

 

Cloud biometric systems to authenticate 586 million bank customers by 2020

There will be more than 586 million bank customers using cloud-based biometrics by 2020 for applications such as authentication during…

 

Paytm testing facial recognition tool to unlock payments application

Indian e-commerce payment system and digital wallet company Paytm is looking at facial recognition technology to enable digital payments, the…

 

IDEX, Hengbao partner to introduce biometric cards across the Asian market

Chinese card company Hengbao announced a partnership with IDEX Biometrics to introduce contact-based biometric smart cards across the Asian market,…

 

Bahrain bank partners with Eazy Financial Services for biometric payment network

Bahrain-based Ithmaar Bank and Eazy Financial Services have partnered to launch a biometric payments network which the MENA Herald reports…

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