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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.

 

Biometric payment card system pushing financial inclusion in Botswana

More than 75,000 food voucher beneficiaries in Botswana are said to have seamlessly completed digital purchases at local stores thanks…

 

5 ways fraud is reinventing itself in 2025

By Bess Farrell, Senior Product Manager, GBG Our online spaces are changing. Fast. Web and app traffic is surging, online…

 

Visa sees expanding role of digital ID and passkeys, launches Click to Pay in Hong Kong

Visa with ZA Bank is launching Click to Pay in Hong Kong, with eleven more markets to follow, as it…

 

BioCatch adds Argentine banks to trust network for real-time threat assessment and data exchange

BioCatch’s interbank intelligence network for real-time information sharing with the aim of enhancing fraud prevention in the financial sector has…

 

Vietnam urges corporate banking customers to complete biometric verification as deadline looms

Vietnam is making biometric verification integral to corporate banking. From July 1 corporate bank customers will only be allowed to…

 

The next five years of DPI in Indonesia will reshape lives: IFIS 2025 panel

Indonesia is Southeast Asia’s biggest country geographically, economically and by population. It is a developing country but it is experiencing…

 

Spike in first party fraud could presage raging storm of generative AI

The latest version of LexisNexis Risk Solutions’ annual Cybercrime Report shows what a release calls “a significant swing in the…

 

Digital ID, payments providers are trying to solve eIDAS ambiguities

The EU has been busy building a regulatory foundation for its European Digital Identity (EUDI), which will be offered to…

 

GLEIF to integrate its vLEI into Finternet Lab’s tools

The Global Legal Entity Identifier Foundation (GLEIF) is planning to integrate its verifiable Legal Entity Identifier (vLEI) credentials into Finternet…

 

Biometric verification securing, slowing cash transfer program in Nigeria

The Nigerian government is handing out cash to 2.3 million households under a scheme that relies on biometric verification. It’s…

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