Selfie biometrics secure ID verification for e-signatures, range of financial services
Identity verification companies that utilize selfie biometrics such as IDVerse, Oz Forensics, FaceTec, authID and Simplici have announced a wealth…
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.
Face biometrics workaround has Thailand’s bankers defending new transfer rules
Thailand’s bankers are in damage control mode after a programmer was arrested for selling software that bypasses mandatory face biometrics…
Vouched launches biometric ID verification software for auto retailers
Car retailers and rideshare businesses have a new identity verification product for biometric customer onboarding and fraud prevention. ID verification…
Prove Fraud Advisor to examine digital ID breakdown and the ‘big cash grab’ in webinar
Suspicious activity reports to the FinCEN Identity Project reveal a dramatic breakdown in digital identity during the pandemic. Prove Fraud…
Biometric authentication pilot for online tax registration begins in India
A pilot that will require Indians to submit their biometrics while registering for a new Goods and Services Tax (GST)…
Bank apps can improve customer experience with better authentication: Mitek report
Changing expectations for digital interactions are ratcheting up pressure on banks to upgrade the identity verification and authentication capabilities of…
TransUnion survey says call centers need authentication help to fend off attacks
Often the only humans that consumers associate with a brand, call center staff are being targeted with authentication scams. A…
Successful financial inclusion tool model to expand with digital KYC checks
A digital cash flow lending tool meant to facilitate access to loans for rural women in Nigeria is said to…
Taiwan issues new identity verification rules for financial industry
Taiwan has issued fresh guidelines for digital identity verification that should make it easier for financial institutions to verify customer…
Worldcoin’s digital ID wallet reaches 4M downloads in 6 months
Biometric cryptocurrency and digital identity company Worldcoin released World App, a digital wallet, six months ago. Since then, it has…
