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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.

 

Demand for biometric authentication rises among gambling platforms

Gambling is emerging as a potential gold mine for biometrics and digital identity firms, as players seek secure, seamless real-time…

 

Socure makes the case for advanced biometric digital identity verification

Socure continues its campaign to call attention to ID fraud risk and the best mitigation strategies. Its latest moves include…

 

World Wallet courting connection with Visa for stablecoin payments

CoinDesk reports that Sam Altman’s World Network is in talks with Visa to bring Visa card functionality to the World…

 

UK, Hong Kong plan digital IDs for businesses

The UK Minister of AI and Digital Government Feryal Clark says exploring a digital company ID could strengthen the country’s…

 

Adoption of biometric payment cards plateaus with niche applications

Biometric payment cards, once seen to be the belle of the biometric ball, are mired in a rut of stagnated…

 

Fraud intelligence software launched by Facephi, Feedzai

Facephi and Feedzai have introduced new fraud prevention products to complement their biometrics offerings. Smart Eye Technology and Resistant AI…

 

Outseer makes behavioral biometrics a native platform feature

U.S.-based payment authentication provider Outseer has added behavioral biometrics to its platform as a native feature to secure digital banking…

 

Biometrics ‘the lynchpin of where gaming companies need to be,’ says gambling executive

Online gambling continues to be a fruitful market for biometrics providers, as betting platforms seek secure and frictionless KYC, onboarding,…

 

Reusable digital ID promises improved customer experience

A new Reusable Digital ID Network partnership to serve UK financial services providers has been announced by Select ID, SQR,…

 

Identity verification, fraud prevention benefit from boom in real-time payments

On a classic episode of The Simpsons, when Homer is shown a deep fryer that can “flash fry a buffalo…

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