Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

 

Hitachi and VietCredit partner to develop AI-based financial loan services

Hitachi, Vietnam-based subsidiary Hitachi Asia, and VietCredit Finance Company have entered a strategic partnership to develop financial services based on…

 

Bank of Thailand authorizes facial biometrics for eKYC checks

Banks in Thailand will be allowed to use biometric facial recognition to authenticate customers for remote account opening, The Bangkok…

 

Most consumers open to retail biometrics as alcohol vending machines ruled legal in Florida

A company from South Florida is planning to deploy an automated beer and wine dispensing system that uses biometrics to…

 

Paycode initiates social grant payment system with offline biometrics

Paycode has rolled out a pilot project that enables biometric authentication of social grant payments in Mozambique, the company announced….

 

Pakistan leverages biometric tech for inclusive banking and to secure property transactions

Pakistan has almost finalized preparations for the poverty alleviation program Ehsaas Kifalat, which will be officially launched on January 31,…

 

Mastercard sets up Intelligence and Cyber Centre in Vancouver

Mastercard has inaugurated a global Intelligence and Cyber Centre in Vancouver, Canada, the sixth in its portfolio focused on cyber…

 

Persistent Systems, ValidSoft announce biometric voice authentication tool for banks, credit unions

Persistent Systems and ValidSoft have partnered to create a digital biometric voice authentication solution for banks and credit unions to…

 

Two Austrian card issuers choose Entersekt authentication tech to secure ecommerce payments

Leading card issuers in Europe’s DACH region have integrated authentication technology from Entersekt implemented by its regional partner Netcetera to…

 

New regulatory enforcement makes 2020 big year for biometrics, execs say

Regulations for authenticating transactions and protecting privacy will continue to evolve in 2020, with companies gearing up for PSD2’s Strong…

 

China’s guidelines for facial recognition payments stress biometric data protection

The Payment & Clearing Association of China has introduced its first guidelines for facial recognition payments, addressing user consent and…

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