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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.

 

Trulioo partners with payment platform Worldpay to offer Know Your Agent to merchants

AI agents may not be booking our holidays or filling our online shopping carts yet, but digital ID companies such…

 

SEC crypto task force searches for answers on anonymity and regulation

The U.S. Securities and Exchange Commission’s (SEC) newly created Crypto Task Force is hosting a series of roundtables in cities…

 

Sumsub expands customer base for crypto and blockchain firms KYC and AML

Sumsub has a pair of integrations to trumpet as two companies in crypto and blockchain seek out its solutions in…

 

Pakistan govt prioritizes DPI, cashless economy

Pakistan’s Prime Minister Shehbaz Sharif said his government is prioritizing the digitization of Pakistan’s economy and the shift of financial…

 

Jordan submits digital transformation strategy for public comment

Jordan has kicked off public consultations for its National Digital Transformation Strategy, targeting the development of digital infrastructure, digital government…

 

US pushes digital identity as cornerstone of crypto ambitions

The Trump administration is escalating its campaign to make the United States the “crypto capital of the world,” placing digital…

 

Reality Defender SDK enables developers to leverage Nvidia infrastructure

Reality Defender has released its developer-focused SDK and API, and a post from CEO Ben Colman says the launch makes…

 

US Treasury sanctions Iranian firm over hijab biometric surveillance system

The U.S. Treasury has sanctioned an Iranian software company that developed the facial recognition surveillance tools used by Iranian authorities…

 

Vietnamese banks complete biometric validation of 120M customer records

Vietnamese banks have completed biometric validation and updated all customer records with payment accounts using digital channels, including more than…

 

Official UK approval for AML with digital identity coming soon

Financial institutions in the UK will soon be able to use digital identities to carry out AML checks, so long…

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