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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.

 

Rise of digital wallets integrating payments and digital identities across Asia

Digital wallets have grown from innovation to an essential financial instrument, easily integrating into billions of people’s daily activities. By…

 

Regulation and technology in 2025

By Collette Smith, Chief Transformation Officer, SmartSearch As 2025 begins, the world of digital compliance is preparing for significant challenges…

 

EWC provides update on EU’s business wallets

The European Business Wallet has entered the focus of attention since it was named a part of the European Union’s…

 

Leveraging biometrics for IDV compliance, efficiency

Microblink has announced the launch of the Microblink Platform, a specialized identity verification product for financial services and fintechs seeking…

 

Partnerships bloom in market for compliant, convenient, efficient KYC/AML security

The market for Know Your Customer and Know Your Business (KYC/KYB) use cases of biometric identity verification has seen a…

 

Mastercard well positioned in soaring virtual card market

Among firms with the reach and resources to push payments wholly into the digital space, Mastercard ranks high on the…

 

Socure releases predictive risk score solution, lays out data on fraud protection

Socure has unveiled a new anti-fraud product alongside fresh data on its achievements in fraud prevention. The U.S.-based digital identity…

 

To comply or not to comply? US bins AML law, Umazi offers compliance at scale

Money laundering is an oft-cited concern for businesses seeking fraud prevention tools; hence the familiar industry shorthand for anti-money laundering,…

 

Aadhaar authentications surge as India’s digital transformation drive advances

February 2025 marked a 14 percent yearly growth for Aadhaar authentication and digital KYC transactions in India, says the Ministry…

 

Persona updates KYC-KYB platform

Identity verification company Persona has released a new generation of their unified Know-Your-Customer (KYC) and Know-Your-Business (KYB) platform, which includes…

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