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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.

 

Digital Insight partners with EyeVerify to provide a password-free mobile banking experience

Online financial management solutions firm Digital Insight announced it has partnered with EyeVerify Inc. to provide its customers with EyePrint…

 

India plans unified electronic payment system linked to Aadhaar number

India has begun implementing plans for a centralized electronic payment system and set of APIs designed to encourage the country…

 

World Bank provides $300m in biometric-enabled cash cards to poorest mothers in Bangladesh

The Bangladesh government signed a $300 million financing agreement with the International Development Association (IDC), the World Bank’s concessional arm…

 

Swiss firm Crealogix develops fingerprint prototype app for online banking

Swiss software developer Crealogix has created a prototype for a mobile banking application designed to identify users and grant them…

 

Kenya implements biometric registration for all citizens

The Kenyan government has implemented biometric registration for all citizens aged 12 and older, which should help prevent the duplication…

 

Investec uses Nuance voice biometric solution to confirm identities of clients

South African private bank and investment firm Investec has deployed Nuance Communications’ voice biometric solution to improve the overall customer…

 

Biometrics Institute, Unisys to host biometrics in financial services seminar

Biometrics Institute announced its second Biometrics in Financial Services Seminar, entitled “Frictionless intelligent banking for a seamless customer experience”, will…

 

Fintech start-ups compete for enrollment in MasterCard Start Path program

MasterCard is set to hold its fourth Innovation Award event in Israel February 16-17, where the best fintech start-ups will…

 

Webster Bank using Apple Touch ID to offer fingerprint authentication for customers

US-based Webster Bank has integrated Apple’s Touch ID technology into its mobile app to enable customers to login to their…

 

China’s first Internet banking service Webank to use facial recognition technology

Earlier this week, Webank launched the “test run” of its Internet banking service, which will use facial recognition technology as…

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