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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.

 

OneVault launches voice biometrics solution to provide ‘Proof-of-Life’

South African voice biometrics authentication company OneVault has launched a voice biometrics solution that helps companies remotely confirm an individual’s…

 

Cognitive biometrics firm BioCatch among FinTech companies to watch: report

Cognitive biometrics company BioCatch is among the 10 companies featured in American Banker and the Bank Administration Institute’s annual FinTech…

 

Helsinki cafes test facial recognition payment system by Uniqul

A payment system developed by Finnish tech firm Uniqul that uses facial recognition will be tested in a handful of…

 

HyprKey prepares to launch biometric mobile payments platform

With the ultimate goal of replacing password entry, HyprKey is launching the first phase of its new mobile payment system…

 

South Africa seeks bids for biometrics-verified grant payment system

After a series of controversy-plagued tenders, the South African Social Security Agency (Sassa) is once again looking for a private…

 

Most popular biometrics news updates for week ending November 9

Here’s a recap of most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Biometrics Week in Review:…

 

Biometric identification news from Uganda, Kenya and Nigeria

Uganda to Procure Biometric Passport System Uganda’s directorate of Citizenship and Immigration Control has started the process of procuring electronic…

 

Biometrics featured prominently at Money 20/20

Many new developments in biometric technology were showcased this week at the Money 20/20 tradeshow in Las Vegas, the largest…

 

Bionym, RBC, Mastercard testing payments using biometric wristband

Bionym, the company behind the Nymi Band authentication wristband, is preparing to test heartbeat-authenticated payments in Canada before the end…

 

Biometrics ensure that World Bank support goes to civil servants in Somalia

After 23 years of absence, the World Bank Group has reengaged in Somalia with a new Multi-Partner Fund for Somalia…

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