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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.

 

Encap releases biometric authentication platform with Samsung fingerprint scanner support

Encap Security announced it has released Smarter Authentication 3.0 platform, which includes added support for Samsung’s fingerprint scanner. The updated…

 

Bank of Korea setting standards for biometric identification

The Bank of Korea will work with the Committee on Financial Informatization Promotion (CFIP) to implement new standards for biometric…

 

NuData Security’s behavioral biometrics solution wins Info Security award

Info Security Products Guide named NuData Security’s online fraud detection engine NuDetect as the Gold Winner of the 2015 Global…

 

Mongolian bank selects M2SYS finger vein solution for customer authentication

In a recently published customer case study, M2SYS Technology recounted working with local partner Infinite Solutions to provide Arig Bank…

 

SmartMetric to begin mass production of fingerprint activated payment cards

SmartMetric, Inc. announced that after recently receiving private equity funding, the company can move forward into mass production of its…

 

Digital Insight adding Touch ID biometric authentication to mobile banking apps

Online financial management solutions firm Digital Insight announced it is adding Touch ID fingerprint authentication functionality to mobile banking applications…

 

NuData Security adds new tools to online fraud detection engine

NuData Security announced it has improved its advanced online fraud detection engine, NuDetect, by adding new anti-fraud tools, based on…

 

Daon outlines biometric authentication solution developed for USAA

Biometrics and identity assurance software developer Daon outlined how it provided financial institution USAA with its multi-factor biometric authentication solution…

 

Biometrics replacing passwords contingent on consumer trust, says KPMG

Financial services consulting firm KPMG recently contributed to the discussion of when passwords will be replaced by a new generation…

 

AuthenticID, MyECheck to provide automated forensic document authentication

AuthenticID announced it has partnered with electronic check solutions firm MyECheck, Inc. to provide Automated Forensic Document Authentication (AFDA). MyECheck…

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