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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.

 

ClearSale integrates real-time biometric tools into e-commerce fraud solution

Fraud-protection firm ClearSale has developed a new, proprietary biometric toolkit called Mapper to improve the company’s ‘Total Guaranteed Protection’ service….

 

World Economic Forum releases digital identity report

The World Economic Forum (WEF) recently released a report on the importance of digital identity for financial institutions. The report,…

 

Standard Chartered Bank deployment of biometric technology expected to reach 5 million clients

Standard Chartered Bank will be deploying fingerprint and voice biometrics technology across Asia, Africa and the Middle East, according to…

 

FPC and Precise Biometrics fingerprint technology in new Huawei devices

Fingerprint Cards (FPC) and Precise Biometrics fingerprint technology has been integrated in new Huawei mobile devices. Huawei’s new P9 Lite,…

 

Technavio releases global mobile payment security report for 2016-2020

Technavio has released a new report on the global mobile payment security software market, which analyzes key trends expected to…

 

ABI Research predicts that chip card vendors will adopt new form factors

ABI Research has released new research that finds that the Chinese and U.S. EMV (Europay-Mastercard-Visa) payment cards markets are experiencing…

 

Daon to demo its mobile biometric authentication platform at FinovateFall 2016

Daon announced that it has been selected to demonstrate its IdentityX Platform at FinovateFall 2016 this September in New York…

 

Barclays employs voice biometrics to authenticate phone banking customers

Barclays has been testing voice biometrics technology since 2013 and this past weekend the bank announced that it is ready…

 

Two South Korean banks deploying iris recognition for mobile banking security

Yonhap News Agency is reporting that KEB Hana Bank and Woori Bank revealed that they will employ an iris recognition…

 

Biometrics are shaping the future of digital banking

This is a guest post by Paco Garcia, CTO at Yoti From blockchain to IoT solutions and digital challengers; the…

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