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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.

 

New reusable ID and risk assessment tools give companies more power to fight fraud

San Francisco digital ID startup Persona is adding a passkey product to its suite of verification tools, allowing users to…

 

Entersekt announces authentication integrations for financial institutions

South Africa-based biometric authentication provider Entersekt has announced integrations with ebankIT’s omnichannel banking platform and Plata’s recently released credit card….

 

OneID to provide IDV for more digital signatures as their availability, scope grows

Digital signatures backed by identity verification with bank data or face biometrics are gaining ground in the UK and the…

 

Mastercard’s Community Pass founder says digital ID platform improving lives, digital inclusion

Tara Nathan, Mastercard executive vice president and founder of the Community Pass project says their work has, in the past…

 

Prove Identity and Centific join to strengthen cybersecurity and fraud protection

Prove Identity is partnering with Centific, a provider of AI and data services, to provide digital identity verification and authentication…

 

Implement behavioral biometrics to stop money mules, says UK’s financial regulator

The UK’s Financial Conduct Authority (FCA) has published key findings from a review of what role money mules play in…

 

Jumio launches new predictive fraud analytics tool that looks at billions of data points

Jumio, the biometrics and digital identity firm known for its selfie-based ID verification system, is launching a new fraud analytics…

 

Socure reports on First-Party Fraud trends, announces new product and consortium

Identity verification provider Socure released a report that examines trends in first-party fraud (FPF). They also announced their First-Party Fraud…

 

Biometric payments for public transit coming to Dubai, Moscow system marks 80M trips

As biometric payments makes its way into Dubai’s commuter operations, Moscow passengers have made over 80 million trips using the…

 

Biometrics’ convergence with digital identity, wallets sparks resurgence of investment

Biometrics is backing a range of national government programs and technical standards for digital identity in some of the most-read…

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