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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.

 

Kaspersky Lab reveal how criminals could exploit biometric ATM authentication

Researchers at Kaspersky Lab have investigated how cybercriminals could exploit new biometric ATM authentication technologies to steal the fingerprint data…

 

Startups leveraging Aadhaar system to develop database and payment solutions

India’s Aadhaar biometric authentication system has provided the foundation for at least nine startups, which are leveraging the system to…

 

Visa study shows Brits trust banks over governments to protect biometrics

Visa Europe published new research that shows that Britons are placing their trust in banks over government agencies to protect…

 

Daon, NTT considering biometrics-based joint venture with Japanese financial institutions

Daon Inc. and NTT DATA Corporation have been selected by Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation…

 

MasterCard transactions to be verified with selfies and fingerprints

MasterCard is set to expand its use of facial and fingerprint recognition with Identity Check authentication software in an attempt…

 

EyeVerify acquired by Ant Financial

Ant Financial Services Group, the operator of Alipay, have acquired EyeVerify, Inc. the creator of Eyeprint ID, a patented, secure…

 

Ecommerce firm Paytm introduces Aadhaar-based client-authentication system

Ecommerce firm Paytm has launched an electronic, Aadhaar-based client-authentication system in an effort to upgrade its digital wallet customers to…

 

Reparo integrates HooYu face identity confirmation platform to catch fraudsters

Business lender Reparo Finance Limited recently integrated HooYu’s identity confirmation platform to prevent criminals from stealing the identities of UK…

 

Developing countries demonstrate interest in Aadhaar model

According to a recent article published by the Economic Times, the World Bank has approached the Unique Identification Authority of…

 

Commercial Bank of Qatar introduces finger vein biometrics for ATM authentication

Banking software solution provider 01 Systems announced today that the Commercial Bank of Qatar (CBQ) has deployed its finger vein…

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