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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.

 

HYPR releases biometric tokenization SDK

HYPR announced via its blog that it is now offering general availability of the HYPR Biometric Tokenization Platform, a new…

 

Innefu Labs launches biometric authentication solution for financial transactions

Research and development security group Innefu Labs has launched AuthShield, a multifactor authentication solution that integrates facial and speech recognition…

 

OPM hack, Apple Watch biometrics patent, behavioral biometrics, analyst reports & more top stories

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. OPM Hack In…

 

Biometrics Institute issues results of annual industry survey to members

The Biometrics Institute has released full results of the 2015 Industry Survey to its members, which provides insight into various…

 

Samsung begins trialing mobile payments platform in South Korea

Samsung began rolling out a trial version of its new mobile payments platform to select Galaxy S6 and S6 Edge…

 

Alipay executive says biometrics will replace passwords within three years

At a presentation at the Digital Commerce Summit in Shanghai, Alipay VP Jason Lu predicted that biometric verification for mobile…

 

Acuity report predicts mobile biometrics growth to disrupt the global payments market

Acuity Market Intelligence has released “The Global Biometrics and Mobility Report: The Convergence of Commerce and Privacy“, which forecasts that…

 

Australian Taxation Office deploys Nuance voice authentication services in call center

Nuance Communications announced that the Australian Taxation Office (ATO) has deployed voice biometrics solutions in ATO’s call center in an…

 

NXT-ID Inc. patents behavior-directed payments system

NXT-ID, Inc. announced that it has filed provisional patent 62/188684 for “Behavioral-directed Authentication Method and System”, covering technology which recognizes…

 

Maybank offers biometric authentication in mobile banking app

Malaysian financial services firm Maybank is now offering a biometric authentication option through its Quick Touch service on the Maybank2u…

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