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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.

 

SelfKey and LEXIT partner to simplify M&A process

Identity management system provider SelfKey has been tapped by blockchain M&A marketplace startup LEXIT to enable fast and easy verification…

 

Monaco taps Jumio to verify new cryptocurrency wallet customers

Jumio has been selected as a partner by payments and cryptocurrency platform Monaco to provide customer onboarding, “Know Your Customer”…

 

Penta Security beta testing biometrics-enabled cryptocurrency wallet

Penta Security announced a new line of cryptocurrency hardware wallets with enhanced security by way of secure key lifecycle, encryption,…

 

TRANSACT Tech New York City to focus on biometrics and next generation authentication

The Electronic Transaction Association (ETA) is partnering with the International Biometrics + Identity Association (IBIA) for the TRANSACT Tech New…

 

Millennials lead mobile banking adoption, but abandon lengthy processes

While millennials are the leading generation for adoption of mobile banking services, the process takes too long for many, and…

 

DataPro to provide Ipsidy mobile authentication tech to Latin American banks

Financial institution software provider DataPro and identity security company Ipsidy have announced that DataPro will offer Ipsidy’s biometric multi-factor authentication…

 

Startup BABB raises $20 million in ICO for biometrics and blockchain based banking platform

Startup BABB (Bank Account Based Blockchain) has met its initial coin offering (ICO) target of raising $20 million, and plans…

 

Survey shows Singapore leads financial sector in biometrics adoption

Financial services companies in Singapore lead global markets in adoption of both fingerprint biometrics and voice recognition, and behind only…

 

Paragon to provide testing for ATMAI next-generation ATM initiative

Paragon Application Systems, which provides advanced testing solutions to the financial services industry, has expanded its partnership with ATMIA to…

 

CULedger and Evernym launch distributed ledger digital identity system

U.S. credit union consortium CULedger and blockchain developer Evernym have announced a new digital identity system based on distributed ledger…

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