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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.

 

Paycode recognized for innovation in driving financial inclusion

South African digital payments firm Paycode has been listed among four top fintechs in the Women’s World Banking Fintech Innovation…

 

Shufti shows ID document fraud increase, Onfido warns of tighter regulations

Growing fraud risk is no surprise to anyone around the digital identity landscape, but Shufti Pro’s findings that identity document…

 

Socure plans to ‘eliminate synthetic identities’ from US finance

New York-based digital ID solution provider Socure has shared plans to first remove 100,000 synthetic identities from the U.S. financial…

 

Jamaica adopts remote biometric verification from Orba for pensioners

Financial services conglomerate Sagicor has announced it will use face recognition technologies by Jamaica-based Orba to verify that the nation’s…

 

Indian police nab fraudsters who cloned fingerprints to spoof Aadhaar

Police in the Indian city of Kadapa in Andhra Pradesh State have busted a gang of fraudsters which had been…

 

ValidEntry joins DeFi market with biometric verification platform

Biometric ID verification startup ValidEntry has released an identity verification platform for decentralized finance (DeFi). The platform boasts face biometrics…

 

Iris biometrics crypto project Worldcoin reportedly looks for $120M investment

The iris biometric cryptocurrency project known as Worldcoin is looking to sign a lead investor for a $120 million round,…

 

PopID announces big customer deployment for face biometric payments in UAE

United States-based biometric solution provider PopID has announced a new integration partner and customer win in the United Arab Emirates…

 

Zimbabwe telco to introduce digital KYC amid rising cyber fraud concerns

High levels of cyber fraud are pushing businesses in Africa, including telcos and those in the fintech space, to implement…

 

Biometric cards rolling out for neobank and crypto platforms

A biometric smart card for cryptocurrency management has been launched by Vaultavo. Meanwhile, Zwipe has signed up a neobank customer…

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