Biometric information management service from KFTC coming for commercial use
Korean biometrics firms have partnered with financial organizations to advance secure identity data management, simplify authentication, and weed out deepfakes….
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.
Reusable ID for AML acquired by global fintech as compliance costs rise
Global fintech platform iCapital has entered a definitive agreement to acquire U.S.-based Parallel Markets, which provides reusable identity tools for…
Services Australia to run Trust Exchange pilot with largest Australian bank
A pilot with Commonwealth Bank will test the Australian government’s digital identity exchange scheme, Trust Exchange (TEx), using digital medical…
Surge of online gambling fraud pushing industry towards identity verification: Report
TransUnion, Sumsub and GeoComply are the leading fraud prevention companies in the global gambling sector, according to a new report…
Reality Defender dials in on voice deepfake fraud in banking
As deepfake technology evolves, the variety and sophistication of phishing attacks continues to increase. Organizations may wonder how to protect…
J.P. Morgan adds 2 biometric authentication terminals to payments ecosystem
J.P. Morgan Payments (JPM) has announced the release of two new proprietary biometric payments terminals for retail, restaurant and entertainment…
Plaid positioned for more IDV transactions as eBay acquires car sales platform
eBay is expanding its car sales division with the acquisition of an automotive transaction platform, in a move that cements…
Entrust updates card issuance software, lands ecommerce onboarding deal
Entrust has released two new products, including one in partnership with European payment platform Lemonway, which offers payment processing for…
Biometrics outlook mostly sunny with periods of deepfakes
Biometrics forecasts are among the most-read stories of the week on Biometric Update. Goode Intelligence sees revenues for the biometrics…
Synectics seeking to increase clarity around digital ID and insurance fraud
Synectics Solutions is launching a podcast as part of an ongoing effort to increase clarity and public understanding of fraud…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection