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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.

 

Seon gets $80M to for global expansion of AML, fraud prevention platform

Fraud prevention and AML compliance software provider Seon has raised $80 million in a series C funding round. The company…

 

To build trust in biometrics, Vietnam banks should adopt FIDO passkeys: report

VinCSS has released an industry first report on the authentication experience in apps for Vietnamese banks, and it shows a…

 

Ondato tightens KYC for regulated industries with the help of Vialet

Biometric verification provider Ondato is joining Lithuania-based payment platform Vialet in its plans to conquer the European online gambling market….

 

Tech5 and Visa to integrate biometrics, digital wallets and payments for DPI

Visa and Tech5 will work together to integrate digital payment capabilities with biometrics, identity management and trust infrastructure technologies under…

 

Majority of UK SMEs in favour of Digital Company ID service for efficiency

Research commissioned by the Center for Finance, Innovation and Technology (CFIT) has found that more than 80 percent of Small…

 

Germany remains priority for DocuSign as it launches new product with IDnow

DocuSign is joining hands with German identity verification firm IDnow to target regulated industries in the German market with a…

 

BioCatch highlights rise of bots and money mules in new report

The use of bots to fraudulently open a bank account has risen three times in the first half of 2025…

 

Lotte Duty Free pioneers palm biometric payments in Korean airport

Lotte Duty Free has officially launched a palm vein biometric payment service at Gimpo International Airport in Seoul, South Korea….

 

Entrust, Nasdaq, Equifax layer identity, transaction analytics to fight fraud

Global financial services companies Entrust, Nasdaq and Equifax are integrating face biometrics or behavioral analytics with transactional details to improve…

 

4iDigital boss says Mexico could become Brazil-sized digital ID market

A biometrics and identity validation company focused on Latin America believes Mexico could become the next big market. 4iDigital has operations…

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