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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.

 

WEX launches biometric app for fleet fuel payments

Payments company WEX has announced the launch of a mobile payment authorization system enabling fleet drivers to conduct seamless and…

 

Veridium wins second grant to develop biometric software for financial inclusion

Veridium has won a $150,000 grant from the Digital Financial Services (DFS) Lab, with the support of the Bill and…

 

SensibleVision launches 3D facial recognition payment system to replace cash and cards

SensibleVision has launched a new 3DWALLET technology to replace cash and card payments with a 3D facial recognition platform that…

 

Scanovate digital identity platform integrates Melissa for compliant mobile enterprise engagement

Customer data quality and identity verification company Melissa and digital identity management platform Scanovate have announced a strategic partnership to…

 

Signicat integrates Belgian eID itsme to extend digital identity service across Europe

Signicat has partnered with Belgian Mobile ID to integrate the itsme digital identity scheme with its Digital Identity Platform, enabling…

 

Acuant integrates selfie and ID document verification with Experian fraud prevention platform

Acuant is integrating its Assure ID with Experian’s CrossCore to bring its machine learning-powered facial recognition and ID document verification…

 

Alibaba and TAS partner to bring facial and voice recognition to Australian financial sector

Alibaba Cloud and Australian technology provider TAS have formed a partnership to bring Alibaba’s facial recognition, artificial intelligence, and data…

 

EIC Group introduces biometric payment card

EIC Group Holding, in partnership with MiNiT Financial Services have introduced the new biometrics-based Elite Influential payment card. The EMV…

 

Signicat to offer Verisec’s Freja eID for customer on-boarding and engagement

Signicat has announced it will now offer Freja electronic ID to enable retail, financial, and other organizations to use it…

 

Biometric banking market projected to serve 1.9 billion customers in 2020

By the end of 2020, 1.9 billion bank customers will be using biometrics for a variety of financial services, including…

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