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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.

 

Voice biometrics firm SayPay a top startup at 1776 Challenge Cup in Mumbai

Voice biometrics firm SayPay Technologies announced it was one of three top startups at the 1776 Challenge Cup 2016 held…

 

Delhi fair price stores to be linked to biometrics system by May 2016

Delhi’s fair price shops, which distribute major commodities such as staple food grains, will be linked to India’s national biometric…

 

Deutsche Bank considering biometrics over passwords for security

Deutsche Bank is working with Callsign to trial an antifraud solution that analyses about 50 different factors to build a…

 

Irience selected to join Silicon Valley startup incubator program

As reported by Tech for Korea, South Korean iris recognition firm Irience has been chosen as the startup to join…

 

Bank crossroads ahead: build or buy mobile payment applications

This is a guest post by Rajesh Sharma, VP Mobile Banking & Payment Apps at INSIDE Secure. Commerce has evolved…

 

Biometrics in border security, fingerprint technology and mobile authentication top this week’s news

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

 

Fintech experts say mobile and biometric authentication to replace PINs within five years

Financial technology experts are predicting that the PIN number will be obsolete within the next five years as banks turn…

 

Mars National Bank adds biometrics for security

The new Mars National Bank in Richland Township, Pennsylvania features a state-of-the-art bank design. A service area has replaced the…

 

South Korean firm unveils face and voice recognition app

SK Holdings C&C and KDB Daewoo Securities have developed the the Who Are U solution, an app for advanced personal…

 

Samsung to integrate fingerprint sensors and Samsung Pay in budget smartphones

Samsung is reportedly planning to integrate fingerprint sensors and Samsung Pay in all its budget smartphone models, according to a…

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