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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.

 

BioCatch behavioral biometrics technology protects 33 million banking customers

Behavioral authentication and malware detection firm BioCatch announced that more than 33 million banking customers around the world are protected…

 

Biometric authentication technology by Iris ID for South Korea’s Woori Bank

Iris recognition firm Iris ID, has entered into a strategic memorandum of understanding (MOU) with South Korea’s Woori Bank to…

 

Biometrics research, authentication, border security and fintech trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Research vendors…

 

ABN Amro banking customers can confirm ID with a selfie

Netherlands based ABN Amro Bank is letting prospective customers sign up for a new account with their smartphone. For initial…

 

MasterCard survey suggests growing adoption of biometric authentication among shoppers

MasterCard recently conducted a global survey that found that advances in biometric authentication technology is slowly shifting consumers away from…

 

55% of travelers believe biometrics would improve travel experience: report

Boxever released a report entitled “Change Is in the Air: Personalization, Biometrics and Trust to Shape the Future of Travel”,…

 

Morpho snaps up mobile payments startup AirTag

Morpho (Safran) has finalized its acquisition of AirTag, a French startup focused on innovative mobile payment solutions. The purchase reinforces…

 

EAB biometrics for banking and payments seminars attracts over 45 participating banks

The European Association for Biometrics (EAB) announced that over 45 banks and other financial institutions participated in its recent three…

 

Biometrics help 3M protect banking and financial institutions

3M has introduced several security solutions to strengthen authentication and control access at financial institutions, including biometric scanners, identity document…

 

Biometrics in border security, fingerprints and fast food, facial recognition top this weeks news

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week Fingerprints By…

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