Lux Research report finds mobile payments require biometrics to increase adoption
Lux Research has released a new report entitled “Securing Mobile Payments with Biometric Authentication”, which suggests that current mobile payment…
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.
Paytm to launch Indian bank using mobile technology, biometrics
In 2015, Paytm received a license from the Reserve Bank of India to start India’s first payments bank. The bank…
MPOS terminal use growing according to Juniper Research
According to a recent Juniper Research report, mobile point-of-sale (MPOS) terminals will take on a significant role in businesses, handling…
Biometrics and smart cards, privacy, patents and mobile identity credentialing trending this week
Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Biometric smart…
Fintech innovation lab in Tel Aviv to focus on blockchain, IoT and biometrics
Intel Corporation has selected Tel Aviv to host its latest fintech innovation lab, according to a report by Finance Magnates….
Gulf Bank Kuwait selects Daon’s IdentityX platform for biometric authentication
Daon’s IdentityX platform is providing biometric authentication within Gulf Bank Kuwait’s new mobile banking application by enabling customers to seamlessly…
Survey finds U.S. consumers would pay for a credit card with built in biometric protection
According to SmartMetric, a consumer survey of credit card users in the United States found that 80% of those questioned…
Gulf Bank adds facial recognition to mobile banking app
Middle Eastern financial institution Gulf Bank has introduced facial recognition to its mobile banking app allowing customers access to their…
Guaranty Trust Bank Kenya adds fingerprint authentication to mobile banking app
According to a report in CapitalFM, Guaranty Trust Bank Kenya has introduced fingerprint recognition in an upgraded version of the…
Russia’s biggest bank testing biometric security measures
In an effort to decrease the need for bank cards, Sberbank, Russia’s biggest bank, is working on biometric security measures…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection