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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.

 

Signicat lands deal with BMW

Automotive manufacturers used to sign contracts through car dealerships. These days, however, digital contract signing is taking the lead which…

 

Privado ID to tackle global demand for decentralized digital identity software on its own

Privado ID, previously known as Polygon ID, has officially separated from Polygon Labs to address the increasing global need for…

 

IDVerse biometric identity verification platform joins fintech marketplace

IDVerse has announced the integration of its biometric identity verification platform trained with generative AI with the Temenos Exchange, a…

 

Mastercard commits to passkeys for payment, full tokenization in EU by 2030

As the EU gallops into the digital wallet era, Mastercard is going full-token, as it announces a plan to achieve…

 

Coinbase announces smart wallets for easier transition to chain

Coinbase is riding the wallet wave, with the launch of its next generation of smart wallets. A blog post from…

 

Sumsub expands data sources to improve KYB

Sumsub has provided upgrades to its Business Verification platform aimed at tackling the common challenges that businesses encounter during the…

 

CFIT forms coalition to combat economic crime through enhanced verification methods

The Centre for Finance, Innovation, and Technology (CFIT) is forming a new coalition aimed at combating economic crime through enhanced…

 

Incode acquires MetaMap to level up global identity verification offering

Incode Technologies has acquired Silicon Valley-based customer verification platform provider MetaMap with the goal of addressing the challenges and opportunities…

 

Vietnam PM orders wider implementation of national ID for digital transformation

Prime Minister Pham Minh Chinh of Vietnam has highlighted the need for more robust efforts to drive national digital transformation,…

 

Future of biometric payments and digital ID taking shape

Palm biometrics is one of the in-person payment authentication modalities the major platform operators are betting on, and digital wallets…

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