Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

 

Ultrasonic connectivity developers Sonarax, Stimshop win Worldline ePayments Challenges

Ultrasonic connectivity software technology company Sonarax and data over sound protocol developer Stimshop have won the Worldline e-Payments Challenges of…

 

Mobile fraud protection startup Paygilant secures investment to expand to US

Behavioral biometrics technology developer Paygilant has secured a $750,000 investment from Connecticut’s venture capital arm Connecticut Innovations (CI). The Israeli…

 

Video KYC stalled in India as regulators fail to release guidelines

FinTech startups in India have finalized video-KYC (know your customer) solutions for customer identity verification to prevent money laundering, financing…

 

Korean bank to integrate blockchain, biometrics, IoT payments

Shinhan Card, Korea’s biggest, global top-five credit card company, is looking into blockchain-powered, facial recognition-based payment systems and internet of…

 

Spanish consulting company Minsait buys fintech firm Afterbanks

Spanish business management consulting company Minsait has purchased Spanish fintech Afterbanks through Indra, Minsait’s parent organization, writes Crowdfund Insider. Afterbanks…

 

A third of European consumers want biometrics to speed up financial service onboarding

Financial service providers are not taking full enough advantage of biometrics to speed up onboarding processes, 34 percent of European…

 

Onfido partners up to research identity portability in UK financial ecosystem

Onfido has teamed up with Ethereum blockchain-based digital identity platform uPort and PwC to delve into consumer identity mobility in…

 

Onfido and Socure take honors for digital identity verification innovation

A pair of digital identity verification companies have been recognized for their contributions to financial and artificial intelligence innovation. Onfido…

 

Alliex invests $700M in cashless biometric POS infrastructure in Vietnam

South Korean financial solutions company Alliex will spend some $700 million to deploy a shared cashless POS infrastructure system across…

 

Mastercard experimenting with palm print biometrics on smartphones in digital shift

The decision to drop its name from its logo is part of a desire to be seen as more of…

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