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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.

 

Award-winning palm biometrics study promises low-cost authentication

A new development in palm biometric technology, which promises low-cost and reliable authentication, has won acclaim. Led by Dr. Yucheng…

 

JP Morgan publishes white paper on KYC in tokenized asset markets

Global financial companies have been betting on the asset tokenization market to reshape global financial markets. But expanding the tokenized…

 

Aware targets developers with tools for biometric identity verification

Aware is advancing its footprint in the Asia-Pacific region and beyond through new partnerships and technological innovations, despite an ongoing…

 

Visa, Feedzai note growing shift to biometric security in UK, France

Studies by Visa and Feedzai reveal an accelerating shift in consumer behavior toward biometric security technologies in both the UK…

 

Mastercard says biometrics, tokenization only for online checkout by 2030

Mastercard has set its sights on transforming the online shopping experience by 2030, envisioning a checkout process where passwords and…

 

Shanghai FTZ-based BOCOM Fintech becomes latest to adopt LEI

The Global Legal Entity Identifier Foundation (GLEIF) has officially approved BOCOM Fintech as the latest Validation Agent in the Global…

 

Use mDLs for trust and accountability in financial transactions: report

A new white paper from the Secure Technology Alliance’s Identity and Access Forum (IAF) says mobile driver’s licenses (mDLs) can…

 

Select ID sets up 1 stop shop to enable digital ID for financial services

Secure identity verification has become essential for financial services, and the number of tools on the market is rising. Select…

 

LSEG taps IDVerse to improve digital ID security against deepfakes

The London Stock Exchange Group (LSEG) is expanding its identity infrastructure to improve defenses against deepfake deception with help from…

 

Mastercard brings passkeys for ecommerce payments to UAE

Mastercard will roll out its passkey-enabled Click to Pay ecommerce feature in the United Arab Emirates through a partnership with…

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