Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

 

buguroo adds behavioral biometrics checks to bugFraud to prevent banking fraud

buguroo has equipped its anti-fraud solution, bugFraud, with enhanced new account fraud prevention features, including behavioral biometrics checks, to prevent…

 

Israel Securities Authority announces changes to encourage digital innovation

Israel Securities Authority (ISA) announced regulatory changes to support and accommodate digital market innovation in Israel, writes KFGO. “The implication…

 

Pakistan introduces biometric screening to prevent terror funding through national investment schemes

In an effort to prevent funding terrorism, Pakistan will require biometric screening and identity verification for those participating in national…

 

Amazon considers palm biometrics for touchless in-store payments, tests terminal transactions with Visa

Amazon is working on linking users’ hands to credit card information to enable palm biometric payments at checkout terminals, reports…

 

Santander Mexico biometric data collection initiative aims to enroll 3.7 million banking customers

Banco Santander México is collecting biometric data such as fingerprints and facial prints for client registration, and plans on registering…

 

U.S. consumers more excited than others about facial recognition systems in retail outlets

Almost half of U.S. consumers surveyed in a new report say they are “excited” about retailers using face biometric technologies…

 

New deals in financial services, government sectors brings in $1.2M for ImageWare Systems

ImageWare Systems has started 2020 with more than $1.2 million in revenue due to partnerships signed with credit unions and…

 

Nok Nok, BBVA partner to deliver biometric authentication for mobile banking

Nok Nok Labs has partnered with BBVA to help the multinational financial services company deliver stronger biometric security and authentication…

 

Biometric facial recognition payments and matching, security and identity verification tools at NRF 2020

NRF 2020 Retail’s Big Show is the world’s largest retail conference and expo currently taking place in New York City….

 

RBI allows Aadhaar-based video-KYC for onboarding and to establish identity

The Reserve Bank of India (RBI) has approved remote video-based authentication through Aadhaar as a substitute for e-KYC practices, following…

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