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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.

 

‘Is my customer human?’ Banks must rely on AI to uncover automated fraud

By Xin Ren, Senior Director of Data Science, Feedzai Generative AI (GenAI) is changing the game for businesses and becoming…

 

‘KYC alone is not enough’: Proof, Reality Defender on threat of AI-driven fraud

The growing prevalence of generative AI has unlocked positive potential across a range of industries, but it has also amplified…

 

Trulioo partners with Collabria; sees growth in APAC

The largest credit union credit card issuer in Canada is partnering with digital identity verification company Trulioo. Collabria Financial Services…

 

Solving KYC challenges in Latin America with digital IDV

Biometric digital ID verification is an increasingly important aspect of digital Know Your Customer (KYC) processes, and different initiatives in…

 

BioCatch Trust Network launches in Australia to enable banks to exchange data

Collaboration is key to the most effective fraud detection: so says behavioral biometrics firm BioCatch, which has issued a release…

 

Deepfake attacks now occur every five minutes, Entrust report warns

A sharp rise in AI-assisted identity fraud is reshaping cybersecurity on a global scale, according to the 2025 Identity Fraud…

 

Oscilar unveils Cognitive Identity Intelligence Platform

Neha Narkhede founded the NASDAQ-listed Confluent, a $10 billion real-time data streaming platform. Sachin Kulkarni developed distributed systems that powered…

 

Digital identity Fraud-as-a-Service enabling 2,500X ROI

Europe has emerged as the global hotspot for identity fraud, experiencing a 150 percent year-on-year (YoY) growth, according to the…

 

EUDI Wallet’s path to payments more complex than it sounds: EWC

The pan-European digital identity has set ambitious goals: Users should be able to use it for travel, government services, mobile…

 

North American banks struggle with deepfakes, social engineering

Financial institutions in North America face a spike in fraud schemes, with social engineering scams increasing tenfold in the past…

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