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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.

 

UK kickstarts voluntary identity verification for companies

The UK government has launched a new identity verification service for company directors and individuals with corporate control. As of…

 

Blackrock boss believes digital verification is key in vision for capital investment

In 2025’s annual letter to investors, Blackrock chairman and CEO Larry Fink set out a vision for his company but…

 

Plaid raises $575M in latest funding

Plaid has raised $575 million led by Franklin Templeton, alongside Fidelity Management and Research, and others including existing Plaid investors…

 

Surveys reveal widespread concern, misgivings over digital privacy gaps

The FBI recently issued a stark warning to the public in which it highlighted how criminal actors are exploiting U.S….

 

Biometrics and photo IDs need friends to fight fraud

Biometric fraud prevention, whether at borders or in payments, often depends on photo ID documents, even as new credentials and…

 

Russia’s Unified Biometric System registering more foreign citizens

Over 200,000 foreign citizens in Russia registered their data in the country’s national biometric database Unified Biometric System (UBS) in…

 

Credas CEO recommends robust ID verification to fight financial fraud in property market

The property market in the UK, like elsewhere, is not spared from financial fraud. But in order to reverse the…

 

Cifas reveals ‘staggering’ identity fraud rates for UK, Entrust examines global trends

The UK recorded a “staggering” 421,000 fraud cases last year, among which nearly 60 percent are related to identity fraud,…

 

Wink-Phoenix merger to accelerate biometrics adoption in omnichannel commerce

Multimodal biometrics company Wink is merging with Phoenix Managed Networks, a global payment technology and services provider. The aim will…

 

Explosion in identity and payments fraud forces governments, private companies to act

A common enemy can bring together unlikely allies, and right now the common enemy of banks, tech and telecoms firms…

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