UK Companies House sets a date for identity verification requirement
Companies House, the UK’s government-operated company registry, is introducing mandatory identity verification for company directors and people with significant control…
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.
China warns against submitting biometric data in return for crypto, hinting at World
Chinese authorities are warning about the dangers of sharing biometric information, such as iris data, with foreign companies in exchange…
Selecting the right identity verification suppliers in Southeast Asia’s evolving digital financial landscape
By Jean Fang, Lead Consultant at Consult Hyperion, consulting by Fime Financial institutions across Southeast Asia are grappling with an…
Global mandates are reshaping digital identity: What CXOs need to know
By Siddharth Gandhi, Chief Operating Officer – APAC, 1Kosmos With governments around the world rewriting the rules of digital identity,…
Contactless biometric payments startups draw funding, integration partners
New players are entering the biometric payment market, forecasted by Goode Intelligence to make more than $11 billion in revenue…
Biometric payment card enrollment interoperability spec developed by SPA
Initial interoperability specifications for biometric card enrollment have been formulated by the Smart Payment Association, and refined with industry feedback….
Latvian palm biometric payment firm Handwave raises $4M in seed funding, partners with Visa
Latvian fintech startup Handwave is preparing to secure regulatory certifications for its palm-scanning devices and launch pilots in third-party retail stores. The…
South Korea embraces facial recognition for retail payments
South Koreans are embracing facial recognition payments at physical stores, as companies such as Shinhan Card, Toss and Naver offer…
UPI positions India as global digital payments leader
India’s Unified Payments Interface (UPI) system now facilitates at least 18 billion digital payment transactions every month, making the country…
Somalia makes national digital ID mandatory for banking transactions from Sept. 1
A new rule will soon go into effect in Somalia mandating citizens wishing to open a new bank account or…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection