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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.

 

Fintech startup Simpal developing payments device with iris recognition

Leveraging the Unified Payments Interface (UPI) platform, Fintech startup Simpal Mobile Payments and Information Services is developing a payment device…

 

BISP to launch biometric payment system in Pakistan province

Benazir Income Support Program (BISP) is launching a biometric-based payment system for the upcoming BISP cash grant tranche in Sindh,…

 

HSBC business customers can confirm ID with a selfie

In an effort to simplify and speed up the process of opening a new account using a mobile or digital…

 

SmartMetric adds fingerprint match indicator to its biometric credit card, extends battery life

SmartMetric has added an extended battery life feature along with a user fingerprint match indicator to its line of fingerprint…

 

Financial firm Nequi becomes first in Colombia to deploy mobile biometrics

Mobile banking service firm Nequi has become the first in Colombia to deploy mobile biometrics for authentication, according to a…

 

TIAA launches voice recognition technology for its customers

New York City-based retirement financial services firm TIAA recently announced it has launched voice biometric authentication services for customers. With…

 

OT eSE solution receives four new certifications for biometric payment and for transport

OT (Oberthur Technologies) announced that PEARL by OT is the first embedded secure element (eSE) worldwide to be certified by…

 

KYC-Chain finalist in 2016 Fintech Innovation Lab Asia-Pacific

The organizers of the 2016 Fintech Innovation Lab Asia-Pacific have selected the names of the eight qualifying startups, including blockchain…

 

Japanese bank considering facial recognition payment system

Sumitomo Mitsui Financial Group, Inc. (SMFG) has been considering how to implement a payment system using facial biometrics for authentication,…

 

Thailand’s NBTC to launch mobile banking fingerprint app

The National Broadcasting and Telecommunications Commission (NBTC), the independent government agency which oversees and regulates the Thai telecoms and the…

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