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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.

 

Payments Association of South Africa collaborates with Visa and MasterCard on biometric authentication standards

The Payments Association of South Africa (PASA) recently announced a new standardized specification to facilitate biometric authentication on payment cards….

 

ISACA research shows that mobile payment technology is mitigating risks

Global IT association ISACA has released new research that finds that advancements in mobile payment security technology are helping to…

 

Biometrics alone will not win the authentication wars

This is a guest post by Terry Nelms, Director of Research at Pindrop Robbing a bank used to mean walking…

 

FCA report cites biometrics as the future of UK regtech industry

The Financial Conduct Authority (FCA) has released new research that finds that blockchain and biometrics could pave the future for…

 

NetGuardians, BehavioSec to provide behavioral biometric technologies

NetGuardians and BehavioSec are partnering to leverage their complementary technologies to provide comprehensive fraud protection to both financial institutions and…

 

NICE Actimize launches multi-factor authentication solution

NICE Actimize has launched Authentication-IQ, a solution that manages multiple authentication methods across financial institution channels with an integrated strategy…

 

Guidance for financial institutions recommends biometrics on mobile

The Federal Financial Institutions Examination Council (FFIEC) is urging financial institutions to abandon single-factor authentication in favor of more secure…

 

Visa study shows European consumers ready to adopt biometrics for payments

Visa Europe has released the results of its new Populus-commissioned study that finds that European consumers are interested in using…

 

Banco Inbursa to deploy FacePhi facial recognition technology

FacePhi has signed a contract with Mexico`s Banco Inbursa to implement its “Selphi” facial recognition technology on their mobile banking…

 

Valencell technology integrated into smartwatch delivers biometric monitoring to banking customers

Valencell, Giesecke & Devrient (G&D) and Z-Smart have integrated Valencell’s PerformTek technology in G&D’s new payments-focused smartwatch targeting the banking…

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