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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.

 

French Casino Group piloting MeReal Biometrics smartcard

Groupe Partouche, France’s leading casino and hotel group, has partnered with MeReal Biometrics for a real-world testing and case study…

 

Technavio identifies top 4 trends affecting biometrics in BFSI through 2020

Technavio has released a new research report on the global biometrics market in the banking, financial services and insurance (BFSI)…

 

FirstBank updates mobile banking app with fingerprint biometrics and authentication from Entersekt

FirstBank, Colorado’s second largest bank, has launched its updated iOS mobile banking application with fingerprint biometrics capability and authentication from…

 

NEC developing facial recognition for payments

NEC is currently in talks and holding trials with banks and credit card companies to deploy facial recognition for consumer…

 

Jumio adds facial recognition, enables Coinbase, releases mobile banking study

Jumio has added biometric facial recognition capabilities to its digital ID verification technology, Netverify. As a result, Jumio’s Netverify now…

 

UK consumer demand for banks to adopt iris recognition nearly doubles in two years

Intelligent Environments has released the results of its 2016 Future Password Index (FPI), which reveals that UK consumer demand for…

 

IBM to add behavioral biometrics feature that detects banking fraud

IBM is adding a behavioral biometrics feature to its Trusteer Pinpoint Detect anti-bank-fraud toolkit to help banks easily detect detect…

 

Macate introduces biometric credit card

Last week at Money 20/20, Macate introduced its Gardevant Card security solution for online purchases that uses thumbprint authentication. The…

 

BISP intros biometric payments in Rahim Yar Khan

Benazir Income Support Program (BISP) launched its biometric verification system for payments in Rahim Yar Khan, Pakistan, according to a…

 

Ujjivan to use biometric-enabled ATMs to serve unbanked customers

Indian financial services firm Ujjivan Financial Services announced plans last week to use biometric-enabled ATMs to serve unbanked and underbanked…

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