Biometric partnerships boost KYC in SE Asia, Ukraine as Nigeria and India see gains
KYC providers are targeting businesses in underserved areas to improve access to financial services with technologies like selfie biometrics and…
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.
Biometric payment cards launched by G+D, demoed by STMicroelectronics
The second-generation biometric payment card from Giesecke+Devrient has been launched under the brand name ‘Convego YOU.’ Benefits to issuers include…
Biometrics providers push further into financial services, past digital ID misconceptions
A set of stubborn myths about digital ID are posing stubborn barriers to its application in banking and financial services,…
Middle East bank launches PopID and Visa biometric payment service
Qatar commercial bank QNB Group has switched on its biometric payment services based on technology from U.S. face verifier PopID…
High-speed palm vein biometric retail payment solution launched
Ingenico has revealed a palm vein biometric payment solution in partnership with Fujitsu Frontech North America, through its subsidiary Fulcrum…
Facial recognition gates by JR West to launch at Osaka train station in March
West Japan Railway (JR West) announced it would deploy face biometrics gates at two train stations in Osaka, reports The…
Digital ID experts to tackle fraud, deepfakes in high demand: OCR Labs report
Nine out of ten fintechs are planning to recruit additional digital ID experts to help tackle fraud as they expect…
PopID expands with biometric POS kiosk integration; market growing too
New research is out showing that the global market for payments by face well into double digits between now and…
Island hopping — How cyber criminals are capitalizing on poorly defended partners
By Tom Ammirati, Chief Revenue Officer, PlainID In the modern technology landscape, large organizations and enterprises may have advanced cyber…
NADRA creates alternative to biometrics for elderly people with faded fingerprints
Pakistan’s National Database and Registration Authority (NADRA) is establishing a new identity verification service for elderly individuals whose fingerprints have…
