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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.

 

Biometrics Research Group publishes report on biometrics and banking

A new Special Report from Biometrics Research Group, Inc. on “Biometrics and Banking” postulates that the financial services sector has…

 

Orange to launch mobile banking service

French telecom operator Orange is set to acquire a majority stake in financial services firm Groupama in an agreement that…

 

Biometrics research, smart payment cards and facial recognition trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Facial recognition…

 

OCBC Group adds fingerprint authentication to mobile trading app

Singaporean financial institution OCBC Group has developed the OneTouch fingerprint authentication feature and applied the technology to multiple mobile applications…

 

Sources reveal more about Japan’s biometric cashless payments plan for tourists

Japan Today has unveiled more information about the country`s Ministry of Economy, Trade and Industry plans to test cashless payment…

 

Chinese app developer releases facial recognition based lending platform

Chinese application developer PING AN TianXiaTong (PING AN) has released facial recognition technology that it will incorporate its wealth management…

 

Biometrics in financial services, online authentication, privacy and access control trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Financial services…

 

India launches new digital payment scheme

National Payments Corporation of India (NPCI) Ltd. launched its new Unified Payments Interface (UPI) system on Monday. A P Hota,…

 

Nationwide mobile banking app uses behavioral biometrics

Nationwide is working in partnership with BehavioSec and Unisys on a mobile banking app that uses behavioral biometrics for continuous…

 

Japan to pilot biometric payment system for tourists

In an effort to prevent crime and reduce the need to carry cash or credit cards ahead of the 2020…

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