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.

 

OneBanks integrates Trust Stamp face biometrics to improve financial service accessibility

Fintech platform OneBanks is integrating Trust Stamp’s facial biometrics into its customer authentication systems to provide secure and low-friction banking…

 

ExtoWallet’s biometric card with FPC sensor and smartphone face recognition secures crypto assets

A new cryptocurrency wallet secured with a biometric smart card, smartphone-based face recognition and distributed ledger technology, the ExtoWallet, is…

 

NEC supplies face recognition for cashless payments pilot at 30 locations in Toyama, Japan

Digital Garage subsidiary VeriTrans is providing a biometric facial recognition payment service in partnership with NEC for a pilot program in…

 

Mitsubishi, Hitachi, Aktif Bank partner to assess vein biometric authentication platform for Turkish market

Mitsubishi will assess the potential of a biometric authentication platform in Turkey in a feasibility study, along with a European…

 

Next Biometrics to supply sensors for 6,000 biometric payment terminals for African national bank

Next Biometrics has received a follow-on order of 6,000 fingerprint sensors from partner Newland Payment Technology to integrate them with payment…

 

Mitek biometrics help immigrants access credit as BFSI providers embrace digital payments

Biometrics and related technologies continue to make significant headway in the financial services industry. Mitek has partnered up to extend…

 

Amazon launches contactless palm biometrics for retail, access control markets

Amazon is launching its palmprint biometrics for contactless payments, access control and more, according to a company blog post, under…

 

Huawei partners to provide financial institutions biometric tool for secure remote loan onboarding

Huawei and Sunline have jointly released a new contactless tool with biometric authentication for financial services, called the Digital Loan…

 

Biometric system could turn vehicles into cash registers

Off-the-shelf dash cams can be augmented with biometric systems to turn vehicles into secure checkout registers for drivers and passengers…

 

Featurespace behavioral biometrics chosen by Akbank for fraud detection

Corporate banking firm Akbank will start using Featurespace’s fraud detection solutions, the behavioral biometrics provider has announced. Akbank will be…

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