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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.

 

Facephi brings its facial recognition technology to Bolivian banking sector

Facephi announced it has signed a four-year contract with multinational financial services group BBVA Prevision AFP’s Bolivian entity to implement…

 

IDEX partners with global payments firm to develop biometric payment card

IDEX ASA announced it has partnered with an undisclosed global payments firm to develop a worldwide biometric payment card program….

 

Sentenial payment solution implements Natural Security biometric authentication standard

Sentenial recently announced that it implemented Natural Security Alliance’s strong biometric authentication standard in its Nuapay payment solution. By adopting…

 

Wells Fargo to pilot voice and facial biometrics authorization for mobile customers

Wells Fargo announced it will pilot a combination of voice and face recognition biometrics technologies to authenticate mobile iPhone app…

 

Privacy, facial recognition and analyst reports most popular biometrics news

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate this past week. Fingerprints Fingerprints was…

 

Mobey Forum to host ‘biometrics for high-value services’ event

Global mobile banking industry association Mobey Forum, along with Natural Security Alliance and Biometrics Institute, will host an afternoon event…

 

Banks to increase their use of behavioural analytics: report

Aite Group has published a new report, “Digital Channel Fraud Mitigation: The Mobile Force Awakens,” which details the latest threats…

 

MIDAS Alliance formed to resolve security issues and promote authentication innovation

Various companies in the security industry have collaborated to establish the MIDAS (Mobile Identity Authentication Standard) Alliance, in an effort…

 

Popular trends in biometrics: a recap of the week’s top reports

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

 

Eastern Bank deploys Nuance voice biometrics authentication solution

Nuance Communications, Inc. announced that Eastern Bank has deployed Nuance’s FreeSpeech voice biometrics authentication solution to enable customers to securely…

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