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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.

 

Standard Bank launches Touch ID-enabled biometric banking app

South African financial institution Standard Bank has launched a biometric mobile banking application using Apple’s Touch ID technology, making it…

 

Online and mobile the preferred banking channels: BioCatch survey

BioCatch has released the results of its annual customer survey of the banking and financial service sectors, which found that…

 

Belvoir Federal mobile app adds support for Touch ID biometric authentication

Financial institution Belvoir Federal Credit Union announced that its mobile banking application now supports biometric authentication technology for certain Apple…

 

Australian bank Westpac adds Touch ID fingerprint login for iPads

Australian bank Westpac recently added the option for customers to use their fingerprint via Touch ID on their iPads to…

 

Maharashtra government to initiate biometrics record-keeping in orphanages

The government of Maharashtra, India said it will collect biometric records of all residents of NGO and state-operated orphanages to…

 

Nuance Communications provides voice authentication software to ICICI Bank

Indian financial institution ICICI Bank has deployed voice recognition technology from Nuance Communications to provide biometric authentication for telephone banking…

 

Fujitsu releases PalmSecure multi-factor authentication device

Fujitsu announced it has released its PalmSecure ID Match authentication device, which combines multi-factor verification of card and PIN with…

 

SmartMetric continues development on fingerprint activated payment cards following legal dispute

SmartMetric announced it is updating its fingerprint-activated chip and PIN payments card with a CVV number that is displayed only…

 

FIS adds biometric access via Touch ID to ATM mobile banking app

FIS Global announced it has added biometric fingerprint authentication to its Cardless Cash ATM mobile banking application via Apple’s TouchID,…

 

EAB to host three ‘Biometrics in Banking and Payments’ seminars

The European Association for Biometrics announced it is organizing a series of three ‘Biometrics in Banking and Payments’ seminars that…

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