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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.

 

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…

 

European Business Wallet faces technical and regulatory hurdles

The development of the European Business Wallet is far more complex compared to the EU’s digital identity for individuals, and…

 

Djibouti engages Visa, Tech5 for national digital wallet rollout

The Djiboutian government has taken a major step towards enhancing digital inclusion with a Memorandum of Understanding (MoU) with U.S….

 

GLEIF integrates IOTA’s blockchain infrastructure for trusted digital trade

The Global Legal Entity Identifier Foundation (GLEIF) and the IOTA Foundation have entered into a partnership that aims to make…

 

NIST relaunches 1-to-N fingerprint biometrics matching evaluations

The U.S. National Institute of Standards and Technology has relaunched its evaluation of performance capabilities of one-to-many fingerprint biometric identification…

 

Leveraging digital footprints to outpace evolving fraud tactics

By Maanas Godugunur, senior director, fraud and identity, LexisNexis Risk Solutions From login to checkout, fraud lurks in the shadows…

 

Ant International, AlipayHK, TNG eWallet kickstart digital wallet protection program

Singapore-headquartered Ant International, AlipayHK and Malaysian TNG eWallet are establishing a program that aims to provide increased security and fraud…

 

More Brits are using digital payment wallets but public sector is lagging

Digital payment platforms continue to rise in popularity in the UK, with many young Brits embracing digital wallets. But how…

 

Nigeria’s new tax ID could frustrate financial inclusion efforts, says analyst

An economist and data analyst has warned that the introduction of a Tax Identification Number (TIN) under Nigeria’s new taxation…

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