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.

 

Biometric mobile payments to reach $3T by 2025 on 650 percent growth, Juniper forecasts

App-based purchases and mobile commerce and contactless mobile device-based payments will drive more than $3 trillion in mobile payments that…

 

Contactless biometric payment startups PopID and PayEye continue expansion efforts

PopID has announced the further expansion of its face biometrics-based payment system in the U.S., the BBC reports. The company’s…

 

GBG intelligence center combines biometrics with data analysis to help financials fight ID fraud

GBG has launched an intelligence center to help financial institutions enhance their fraud detection capabilities with its biometrics and data…

 

ID R&D voice biometrics extend WhatsApp for Business capabilities with new partnership

ID R&D has launched in-app voice biometric authentication to WhatsApp for Business in collaboration with partner Wittybots by SimpleTech. The new…

 

ATB Ventures tackles digital ID, bias in AI to support technology growth in Alberta

ATB Ventures, the research and development arm of financial institution ATB Financial, has announced an intention to support work into…

 

T-Money trials face biometrics for contactless payments to public transportation

A pilot process to put in place and evaluate a system providing touchless biometric payment for public transportation in Korea…

 

Digital wallet to support iris biometric retail payments from PayEye

PayEye, a Polish start-up providing iris biometrics-secured fintech, announced that it is partnering with fintech firm Advapay to support its…

 

Fujitsu unveils multimodal biometric authentication technology for contactless retail

Fujitsu Laboratories has unveiled new multi-factor biometric authentication technology designed to deliver a contactless shopping experience for the post-COVID-19 “New…

 

Recent advances address biometric payment card security concerns, Fingerprint Cards says in paper

Hacks of biometric payment cards are possible, but recent technology advances make scalable attacks practically impossible, according to an article…

 

Enacomm partners to deliver voice biometric banking tools to more financial institutions

Workforce solutions provider BLM Technologies will offer its financial institution customers Enacomm’s AI-powered voice biometrics and other tools for financial…

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