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.

 

Growth in biometric cards in banking and retail spurred by COVID-19

Contactless biometric applications are on the rise due to the pandemic effect, Idex Biometrics reports in a blog post. Writing…

 

Dual function cards developed for biometric access control, digital identity, payments

New multi-function card solutions have been launched for access control and payments with fingerprint biometrics by CrucialTrak, and for digital…

 

Most US banks need biometrics to stand up mobile onboarding, iProov report finds

Even with the surge in selfie biometrics and ID document checks for remote onboarding, nearly two-thirds of U.S. banks do…

 

FacePhi selfie biometrics software chosen by asset manager Hanwha

FacePhi has announced that it is expanding its presence in the Korean financial industry market with a partnership agreement for…

 

Biometric payment cards’ market-readiness explored in Fingerprint Cards white paper

Fingerprint Cards has published a white paper on the superior security biometrics provide fingerprint-enabled payment cards, compared to legacy user authentication…

 

South Africa urged to adopt biometrics amid growing ID fraud

There have been recommendations from various quarters for the South African government to adopt biometric technology in order to stem…

 

Biometrics will authenticate ‘vast majority’ of payments within ten years: report

Biometrics will likely be used to authenticate the vast majority of payments within the next ten years according to 85…

 

Biometric payment cards from Mastercard and Idemia to be trialed in Q4

Mastercard and Idemia have partnered to launch their first joint pilot of a biometric payment card in Asia for fingerprint-enabled in-store purchases,…

 

Zwipe reviews biometric payment cards progress and seeks up to $1.6M with subsequent offering

Zwipe has launched a subsequent offering of up to 1 million offer shares at the same subscription price as a recent…

 

TypingDNA and buguroo each present behavioral biometrics advantages for banks

The global market for biometrics in banking and financial services will be worth $10.8 billion by 2025, backed by increasing…

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