Regulated businesses undergoing digital transformation catching up on IDV
Businesses in regulated industries that have undertaken digital transformation are now catching up on identity verification. The downside of doing…
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.
Sri Lanka sees growing acceptance of GovPay digital payment system
The GovPay platform has notably increased traffic fine payments in the Western Province in Sri Lanka, with over 300 fines…
Thai authorities warn over use of World’s iris biometric scanners
Local authorities in Thailand have been put on notice to monitor the use of World’s iris biometric scanning Orbs. Thailand’s…
Trulioo document verification to secure KYC for WEX fuel card customers in Europe
Trulioo has announced a partnership with WEX, a global payment processing and fleet management company based in Portland, Maine. A…
Jumio detects opportunity to slash fraud rates with student identity verification
Consumers around the world are awakening to the dangers of AI-powered fraud, and as the demographic most familiar with AI…
Australian bank introduces ID verification with selfie biometrics to fight fraud
Selfie biometrics are coming to National Australia Bank (NAB), one of the country’s largest financial institutions. Facial matching tech for…
Regional DPI initiative supports KYC, digital ID interoperability across 16 countries
A strategic partnership that underpins a regional framework for the building of cross-border digital public infrastructure (DPI) to drive financial…
Aadhaar authentication expands with Starlink, Cooperative Bank integrations
Aadhaar authentication is getting a high profile integration as the Unique Identification Authority of India (UIDAI) onboards Starlink. The Authority…
Indonesia’s Payment ID delayed as concerns mount
The early rollout of the new Payment ID system has been cancelled in Indonesia. Bank Indonesia (BI) said Payment ID…
Mastercard, Sift, Plaid upgrade onboarding for financial entities amid rampant fraud
Mastercard, Sift and Plaid are each adding capabilities to their portfolios to help banks and other financial institutions cut their…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection