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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.

 

Fit Pay to provide payment capabilities for biometric ID ring Token

Payment and authentication firm Fit Pay, a wholly owned subsidiary of NXT-ID, announced it is providing payment capabilities for biometric…

 

Nets trialing Fingopay biometrics-based payment technology

Nordic payments provider Nets is looking to introduce finger-vein payments to the consumer market in Europe and will be testing…

 

Technavio forecasts global biometric PoS terminals to grow 28% CAGR through 2021

Technavio has published a new research market report that forecasts that the global biometric PoS terminals market will grow at…

 

OT-Morpho rolls out range of biometric payment cards

OT-Morpho has introduced what it calls “the market’s first” complete range of biometric payment cards. Biometric recognition occurs through a…

 

Gemalto launches machine learning-based fraud prevention solution for banks

Gemalto is releasing the Gemalto Assurance Hub, a machine learning-powered fraud prevention solution for online banking that analyzes the profile…

 

Eyeprint ID integrated into Daon’s IdentityX authentication platform

EyeVerify‘s Eyeprint ID technology will be integrated into Daon’s IdentityX authentication platform, allowing for the first time eye recognition capability…

 

Mobile bank selects Jumio to verify users and meet KYC compliance

Mobile-only bank Monzo will be using Jumio’s Netverify Trusted Identity as a Service to help verify customers who are moving…

 

India’s mobile payments interface to include pre-authorized payments, biometrics

National Payments Corporation of India (NPCI) Ltd. plans to launch an update to its Unified Payments Interface (UPI) system later…

 

Juniper Research projects retailers could lose $71B in card-not-present fraud

Juniper Research has published new research which forecasts that retailers could lose $71 billion globally from fraudulent CNP (card-not-present) transactions…

 

Spanish bank BBVA, Das-Nano launch digital ID tools startup

Spanish bank BBVA has partnered with biometrics and nanotechnology startup Das-Nano to launch Veridas, a new tech startup focused on…

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