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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.

 

Vendors race to build identity stack for Agentic AI

Individuals and businesses are turning to autonomous AI agents. Driven by machine-learning models, giving them the semblance of artificial intelligence,…

 

Fime lab can now test against new EMVCo biometric card specification

Fime’s laboratory for the Europe, Middle East, and Africa (EMEA) region has received EMVCo recognition for the evaluation of fingerprint…

 

​Jumio approved for biometric KYC in Malaysia with successful independent assessment

Jumio has completed the Malaysian central bank’s (Bank Negara Malaysia) independent eKYC Breakthrough Assessment which found its biometric onboarding technology…

 

UNDP highlights how digital wallets, QR codes are strengthening human security

Digital public infrastructure is showing its merits on the ground. DPI may have begun as abstract policy but countries across…

 

NIST publishes draft guidelines for financial firms implementing mDLs

The NIST National Cybersecurity Center of Excellence (NCCoE) has published the initial public draft of its practice guidelines for financial…

 

Sunmi, Wink and Qualcomm bring biometric checkout to Android payment terminals

Wink, Sunmi and Qualcomm have partnered with the aim of bringing biometric, identity‑driven payments to Sunmi’s global portfolio of Android‑based…

 

FacePOS brings biometric point-of-sale system to Ireland’s Central Bank sandbox

Irish fintech FacePOS is developing a point‑of‑sale instant payment system that relies on AI‑driven face biometrics. The company has been…

 

One fifth of ID theft victims will have their identity reused: Synectics

More than 20 percent of ID theft victims have their identity reused to access different financial services and products, according…

 

CFIT lays foundations for trusted business digital identity across the UK economy

Companies in the UK could be getting on board a digital ID system as the Centre for Finance, Innovation and…

 

Gataca adds intelligence layer to its digital ID wallet

As identity fraud rises, companies are introducing more layers of anti-fraud technology. Decentralized identity provider Gataca has expanded its platform…

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