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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.

 

Biometrics for the blind, banking and border control hit big this week

Here’s a recap of most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Voice and face In…

 

Chinese facial recognition startup Face++ raises $25M

Chinese facial recognition technology startup Face++ has secured an additional $25 million for its series B round, bringing the company’s…

 

Mountain America Credit Union offers duel biometric login for mobile banking app

Mountain America Credit Union has launched the beta release of a duel biometric mobile banking login feature, enabling mobile app…

 

Biometrics Institute joins forces with Mobey Forum and Natural Security Alliance

The Biometrics Institute, Mobey Forum and Natural Security Alliance announced they have joined together to promote the use of biometrics…

 

USAA sees strong customer support for biometrics

Upon rolling out its biometric authentication for its mobile banking apps, USAA discovered that more than 400,000 USAA customers have…

 

Accenture, Moven to develop digital banking solutions including biometric authentication

Accenture has partnered with banking service Moven to jointly develop next-generation digital banking solutions, while providing real-time behavioral feedback to…

 

NTT DoCoMo, Fujitsu launch smartphone with iris authentication feature

Japanese mobile carrier NTT DoCoMo announced it has released Arrows NX F-04G, a smartphone with iris recognition that enables users…

 

SayPay Technologies, VoiceVault to deliver voice biometrics payments solutions

Payments start-up SayPay Technologies, Inc. has partnered with VoiceVault, Inc. to deliver online and mobile payment solutions. SayPay integrated its…

 

First Internet Bank, Investec integrate biometric authentication into mobile banking apps

Financial institutions First Internet Bank and Investec separately announced that they have integrated Touch ID functionality in their respective mobile…

 

Federal Reserve Bank of Atlanta paper analyzes biometric authentication methods

In April, the Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta released a working paper that analyzed…

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