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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.

 

Ideco to release identity-as-a-service and national user ID mobile app

South African biometrics firm Ideco will soon introduce its new Identity-as-a-Service (IDaaS) and national user ID (nuID) mobile app ecosystem…

 

FacePhi to supply digital onboarding technology to Argentina’s Red Link

FacePhi, through its Argentinian partner, Compusistem, will provide Red Link with ID validation and facial recognition technology, known as ME,…

 

Mitek demonstrates facial recognition-based mobile lending solution

Mitek demonstrated its facial recognition-based mobile lending solution, Mobile Verify for Lending, Tuesday afternoon at the New York Hilton Midtown….

 

Kony, Daon to provide apps with biometric authentication

Kony, Inc. has partnered with Daon to help banks and financial institutions deliver highly-secure omni-channel apps through advanced biometrics authentication…

 

Ping An Financial OneConnect launches biometrics-based cloud service for insurers

Ping An OneConnect has launched the Smart Insurance Cloud in Beijing, unveiling its latest products — Smart Verification and Smart…

 

Sensory to demo in-app AI-powered banking teller at FinovateFall 2017

Sensory will be providing the first public demo of its in-app, artificial intelligence (AI)-powered virtual banking teller at FinovateFall 2017…

 

Alipay launches facial recognition-based payment system at fast food restaurant in Hangzhou

Alipay recently introduced its facial recognition system for customers at a KPRO fast food restaurant in Hangzhou, according to a…

 

HoneyTek Systems, BioCatch partner to provide fraud prevention solutions

HoneyTek Systems has partnered with BioCatch to provide fraud prevention and behavioral biometrics solutions to customers in Canada and abroad….

 

Raonsecure FIDO-certified biometric technology to run on Infinitum authentication platform

Korean biometric system developer Raonsecure has signed an agreement to supply its Fast Identity Online (FIDO) certified solution to Malaysian…

 

Jumio to provide biometric ID verification for money messaging app Plynk

Jumio has partnered with European money messaging app Plynk to biometrically verify users who are loading money onto their Plynk accounts…

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