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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.

 

IDnow rides online betting wave from UEFA Euro Championship

IDnow is capitalizing on UEFA European Football Championship fever, registering over eight times more identity verification requests on sports betting…

 

Biometric IDV requirement for SA relief grant beneficiaries sparks complaints

Some beneficiaries of Social Relief of Distress (SRD) grants managed by the South African Social Security Agency (SASSA) must now…

 

Biometrics cutting the line of in-person payments innovations: Mastercard

Mastercard sees biometrics for in-store payments as a part of a broader shift towards seamless interactions of all kinds, as…

 

ComplyCube, Signicat add features to strengthen fintech AML capabilities

The financial technology sector is witnessing a wave of strategic collaborations and innovative solutions aimed at enhancing security and compliance….

 

California law wants marketplaces to collect digital ID data from high-volume sellers

Democratic lawmakers in the golden state are fast-tracking a bill that would force online marketplaces to start collecting identity data…

 

Vietnam ramps up digital transformation but users report snags in biometric updates

As citizens of Vietnam stare down the July 1 implementation of mandatory biometric verification for new mobile banking users and…

 

Solidify UK digital ID rules to boost AML, techUK urges Treasury

Digital identity has a critical role to play in combating money laundering, and the UK government’s Digital Identity and Attributes…

 

Deloitte predicts losses of up to $40B from generative AI-powered fraud

When an employee on a video call at Arup’s Hong Kong offices transferred US$25 million to fraudsters at the request…

 

Biometrics entering everyday activities via rising technologies

Biometrics underpin the new technologies that people will soon use on a daily basis for everything from payments to age…

 

Inverid and Cybernetica team up to secure digital ID, signatures with biometric MFA

A new partnership has been formed by Inverid and Cybernetica to combine the NFC ID document-scanning capabilities of the former…

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