Socure ramps up AI use with new RiskOS enhancements and Copilots
Socure has unveiled a sweeping set of generative AI features across its RiskOS platform and internal operations. Under an “AI…
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.
Ondato streamlines AML checks, reduces onboarding time
Ondato has launched an AI-powered adverse media feature designed to streamline anti-money laundering (AML) workflows. The feature automatically screens online…
Experian taps Mastercard identity insights to prevent fraud
Mastercard will provide its identity verification and fraud prevention technology to data broker and consumer credit reporting company Experian, allowing…
EU releases new batch of EUDI Wallet Implementing Acts for feedback
Companies are presenting new features that will make the EU Digital Identity (EUDI) Wallet even more convenient, while Ukraine takes…
IMF study suggests interoperability boosts digital payments use
The International Monetary Fund (IMF) has published a report on growing retail digital payments, which is a significant aim of…
Japan tightens rules for remote bank account openings, mandates IC chip-based IDV
Japan will tighten its rules for remote account openings at banks and financial institutions by mandating IC chip-based identity verification…
Mastercard joins OpenWallet Foundation, Paycode partners up to scale digital transactions
A new foundation membership and a technology partnership announced by digital wallet and payment providers are aimed at making digital…
Digital ID apps in South Korea, Thailand promote financial access for people with disabilities
Raonsecure has won the contract for a mobile disability registration card project. Commissioned by the Korea Minting, Security Printing &…
Alipay introduces smart glasses payment with voice authentication
Chinese payments giant Alipay has launched smart glasses that enable users to perform transactions through QR code scans and voice…
Continued innovation needed to effectively address sophisticated financial fraud
A Dark Economy Survey carried out by behavioral biometrics firm BioCatch has highlighted the disturbing trend of how AI is…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection