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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.

 

Apple adds smartwatch, biometric payment capabilities to iPhone

After months of rumors and speculation in the press, Apple announced it will soon launch its new Apple Watch, a…

 

LaserLock to provide multi-factor authentication solution to major financial advisor

LaserLock Technologies announced it has signed a deal to license its VerifyMe Identity Services platform to a major financial services…

 

Aadhaar to be used to issue bank accounts to all Indian households

In a stunning policy reversal, India’s new government is examining new ways to expand Aadhaar, including to issue bank accounts…

 

PayPal adds fingerprint authentication to more Samsung devices

PayPal announced at the Samsung Unpacked Episode 2 event in Berlin, Beijing and New York that it is now allowing…

 

Barclays introduces biometric finger vein reader for customers

Barclays announced it has partnered with Hitachi Europe to launch its customer authentication solution, Barclays Biometric Reader, which is backed…

 

Top biometrics news stories, week ending September 7

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

 

Delta ID raises $5M from Intel Capital to advance iris recognition technology

Iris recognition company Delta ID announced it has closed a $5 million Series A financing led by Intel Capital and…

 

Idiap engineers developing vein reading biometric wristwatch

Engineers from the Idiap Research Institute are currently developing a new vein reading biometric watch called BioWatch, enabling users to…

 

Behaviosec authentication technology based on users behavioral biometrics

Swedish security startup Behaviosec is offering an authentication service based on behaviorial biometrics, according to The Independent. Behaviosec CEO Dr….

 

BioCatch Mobile biometric authentication app now out of beta

BioCatch announced that its BioCatch Mobile – which provides both authentication and threat detection across mobile banking platforms – is…

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