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.

 

IDology and Smile Identity biometrics tapped for financial KYC, onboarding, authentication

Hydrogen has integrated its fintech platform with GBG subsidiary IDology to provide its clients with technology to run KYC checks…

 

Biometric contactless cards making a sprint for the mainstream

Ubiquitous contactless payments have always been a long-term inevitability. All it took to make them a smart short-term investment was…

 

Zwipe secures order for small scale manufacturing of biometric payment cards

Following an ongoing partnership with Hong Kong-based Toppan Forms Card Technologies Limited, Zwipe has secured an order for biometric payment…

 

Facial recognition deployed for ATMs in Spain, POS systems in Brazil and relief payments in Australia

CaixaBank has installed biometric facial recognition-enabled ATMs across Spain, enhanced with cameras and software that can process 16,000 facial points,…

 

Portable digital identity solution with face biometrics successfully exits FCA regulatory sandbox

A reusable digital identity solution leveraging face biometrics and developed by Onfido, Deloitte, and Evernym has successfully exited a regulatory sandbox…

 

Fico survey shows support for biometrics and mobile banking as financials adopt voice technology

Two out of five Malaysians expect to enroll biometrics when they open bank accounts, and more people in the country…

 

Consumer anticipation of biometric payments surges as contactless takes over from cash

Cash is disappearing and payment cards are being used more, shifting consumer attitudes about biometrics for payments and presenting a…

 

Google testing biometric voice payments via Assistant

Google has confirmed it is testing a new Assistant feature that authorizes transactions through Voice Match biometrics, writes Android Police….

 

HooYu facial biometrics and identity verification tools to boost onboarding for Equifax customers

Equifax has partnered with HooYu to expand the range of identity and fraud prevention tools it offers with the onboarding…

 

Biometric cash relief payments system in Pakistan shows positive results with $695M disbursed

Pakistan’s biometric COVID-19 benefits scheme, Ehsaas Emergency Cash, has disbursed 112 billion Pakistani Rupees (roughly US$695 million), The International News reports,…

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