FB pixel

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.

 

Nigeria uses biometric data and bank verification numbers to remove 24,000 ghost workers from government payroll

Nigeria’s government has removed almost 24,000 non-existent or ‘ghost’ workers from its state payroll by auditing biometric data and bank…

 

VimpelCom welcomes biometric SIM registration and verification initiative in Bangladesh but residents still have privacy concerns

AJ Hanna, chief mobile financial services officer of VimpelCom, the parent company of mobile operator Banglalink, recently expressed the company’s…

 

Biometrics initiative for pensioners to be introduced in Pakistan

In an effort to ensure transparency and better manage beneficiary payments to old-age pensioners and Benazir Income Support (BISP) recipients,…

 

HYPR Corp. and BitGo extend biometric authentication to the blockchain space

HYPR Corp. has partnered with BitGo, Inc. to extend biometric authentication technology to the blockchain space to secure digital assets,…

 

Zwipe hires new CFO; prepares for growth

Biometrics firm Zwipe has appointed Lisbeth Breum as chief financial officer. Ms. Breum has more than ten years of experience…

 

Egis brings fingerprint sensor line and mobile payment solutions to RSA

Egis Technology is showcasing its newest lineup of fingerprint IC sensors, authentication solutions, mobile payment solutions based on FIDO specifications…

 

Dutch payment pilot participants prefer biometrics over passwords: MasterCard

According to a report in Global Brands Magazine, Dutch participants of the first worldwide pilot by MasterCard and International Card…

 

Biometric data protection, fingerprint technology and payment solutions trending this week

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

 

Pakistani bank completes testing of new biometric verification system

Al Baraka Bank Pakistan has completed testing of a new biometric verification system from the National Database and Registration Authority…

 

Encap Security updates Smarter Authentication platform; adds support for Android’s fingerprint API

Encap Security announced the release of version 3.1 of its Smarter Authentication platform which includes support for Android’s fingerprint API…

Biometric Market Analysis and Buyer's Guides

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events