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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.

 

Ready for handling Metaverse biometric data?

If or when the internet transitions into the Metaverse — something Facebook is already working towards — the amount of…

 

Canada shied away from national digital ID in 2019; SecureKey suggests a different path

The Canadian government considered developing a national digital ID system two years ago, but ultimately shelved the idea with little…

 

Financial services customers pick biometrics from FaceTec, TruNarrative, Sumsub, SecureKey

FaceTec, TruNarrative, Sumsub and SecureKey have each won customers among financial services companies or their technology providers to implement biometric…

 

BioCatch launches behavioral biometrics for PSD2 compliance

BioCatch has reached the implementation stage with its behavioral biometric solution for compliance with the Strong Customer Authentication (SCA) requirement of…

 

Contactless boom carves out biometric payment cards opportunity, FPC sees France leading

Contactless payment card transactions spiked from $1.7 billion in 2020 to $2.5 billion in 2021, with cards making up 79…

 

Too much data and not enough fraud prevention; biometrics and micro-identities could help

More consumers see one-time passwords, two-factor authentication and answering ‘secret’ questions as providing both security and convenience than biometrics, according…

 

UN-supported digital ID, KYC project to boost financial inclusion in Malawi

A project to help the Reserve Bank of Malawi (RBM) put in place a unified database of digital ID and…

 

Top manufacturers consider Zwipe, Idex Biometrics’ platforms for payment cards

A global ‘Tier 1’ smartcard manufacturer is evaluating Zwipe Pay ONE for in-house biometric payment card manufacturing after receiving a shipment…

 

Consumer digital identities need more privacy protections, says Mastercard Exec

Executive Vice President of New Digital Infrastructure and Fintech at Mastercard, Robert Schukai, laid out a need for better privacy…

 

Thales pitches issuers on biometric payment cards

Thales is up to 20 biometric payment card projects, and is touting the readiness of the technology, which has already reached…

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