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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.

 

FPC signs up biometric payment card manufacturer in India

Fingerprint Cards (FPC) has entered a new partnership with Indian smart card manufacturer Seshaasai to bring its biometric payment cards…

 

UK sports club deploys FinGo vein biometrics for membership scheme

Grassroots Bowdon Rugby Club in Manchester, UK claims to be the first in the sporting world to introduce a biometric…

 

Finance regulatory norms are changing in India. Can banks keep up?

By Ayesha Kapoor, Product Marketing Specialist at IDcentral. India ranks as one of the top two countries in the world in…

 

Revelock partner brings behavioral biometric security to Middle East financial services

A new partnership will see cybersecurity consultancy Paramount offer the online Fraud Detection and Response (FDR) Platform from behavioral biometrics…

 

Nvidia voices optimism about biometrics, edge AI for financial services

Fraud management and security are two key pillars to maintaining trust in financial services. Companies such as Nvidia have already been…

 

Biometric payment cards advance with Zwipe Middle East pilot, Crédit Agricole September launch

Zwipe and its regional partner Middle East Payment Services (MEPS) have announced the launch of a pilot of biometric payment cards…

 

Protecting digital identity on the agenda, if not in the budget

It is clear to most stakeholders that digital identity is an important tool for addressing society’s current needs, though one…

 

Digital ID partnerships for financial services unveiled, fraud shifting to new sectors

More firms from various industries are partnering with digital identity verification companies to adopt digital KYC functions to tackle fraud….

 

US financial regulators cite biometrics in urging stricter customer authentication

U.S. financial institutions are being encouraged to improve their security provisions through methods ranging from password controls to biometrics with…

 

Nok Nok Labs brings FIDO authentication to digital ID card for online services and payments

Nok Nok Labs has formed a strategic collaborative partnership with CompoSecure Holdings, a premium financial payments card provider to develop digital…

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