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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.

 

IrisGuard iris recognition technology enrolls over 1.6M Syrian refugees

IrisGuard announced that its EyeBank iris recognition technology has successfully enrolled online over 1.6 million Syrian refugees displaced throughout the…

 

Google uses revamped Nexus 5 with fingerprint scanner to demonstrate Android Pay

Google has posted a new video in which product manager Maya Ben-Ari uses a Nexus 5 smartphone to demonstrate some…

 

ATM banking with facial recognition debuts in China

China’s Tsinghua University and Hangzhou-based Tzekwan Technology have designed and developed the world’s first ATM that features an embedded facial…

 

Nok Nok Labs integrates biometric authentication software with Android M Developer Preview

Nok Nok Labs announced it integrated its S3 Authentication Suite with the recently unveiled Google Android M Developer Preview. When…

 

Biometrics for banking, law enforcement, intelligence community most popular this week

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

 

Pindrop Security’s voice analysis system reduces up to 90% of phone fraud, says CEO

BiometricUpdate.com recently posed questions to Vijay Balasubramaniyan, Ph.D., the chief executive officer and co-founder of Pindrop Security in an exclusive…

 

Zicom, Biometronic to provide IriTech iris recognition products in India

Zicom Electronic Security Systems Limited has signed an agreement with Biometronic Technology Pvt. Ltd in which Zicom will distribute Biometronic’s…

 

China’s Central Bank puts restrictions on using biometrics for identity verification

China’s Central Bank has implemented a new policy that will prevent banks from verifying the identities of new customers using…

 

Biometrics for government agencies, face and voice hit big this week

Here’s a recap of the most popular biometrics industry news articles from BiometricUpdate.com this past week. Government contracts There were…

 

Zwipe collaborating with Danish Bank on biometric credit card

Danske Bank said it hopes to launch, within a year, biometric credit cards developed by Zwipe that verifies users’ identities…

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