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.

 

UIDAI earning over $1M per month for Aadhaar biometric authentication and eKYC

Aadhaar authentication and eKYC services have generated Rs 270 million (nearly US$3.8 million) for the Unique Identification Authority of India…

 

UK pilot of fingerprint biometric payment fob from G+D and Visa begins

Royal Bank of Scotland (RBS) is trialing a fingerprint biometric fob for authenticating payments by its customers in the UK,…

 

Synectics integrates digital identity verification tech from Yoti to fight fraud, improve customer onboarding

Synectics Solutions has entered a strategic partnership with Yoti to integrate its biometric digital identity verification technology Doc Scan to…

 

Biometric authentication for mobile payments to skyrocket 10X to $2.5T by 2024

Biometric authentication will be used in $2.5 trillion in mobile payments by 2024, an increase of nearly 1,000 percent from…

 

Financials launch biometric and digital ID tech from Signicat, Keesing, Fortress Identity, FacePhi

The bank account verification service offered by SurePay has been integrated with Signicat’s Digital Identity Platform to allow financial institutions…

 

Biometrics and the future of payment transactions

This is a guest post by Lynne Jeffery, Head of Public Safety Solutions at NEC New Zealand. Biometric technology is…

 

Facial biometric payments over 5G showcased at Slush Helsinki 2019

Last week more than 25,000 guests attended Slush Helsinki 2019, including 3,500 startups and 2,000 investors, at the Helsinki Expo…

 

Synthetic identity fraud growth and prevention best practices detailed in white paper

Synthetic identity fraud (SIF) is not only the fastest growing type of financial fraud in the U.S., it is one…

 

Yoti biometrics and SafeCharge validation deployed for online gaming in impatient customer market

Two more deployments in the digital ID market have been announced, one with biometric technology and one not, just as…

 

Barclays and Hitachi release updated biometric finger vein scanner

Barclays and Hitachi have released an improved version of the Barclays Biometric Reader (BBR), a finger vein scanner that allows…

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