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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.

 

Keyo partner brings palm biometrics to DRC for secure payments

Palm biometrics firm Keyo has announced a partnership in the Democratic Republic of the Congo (DRC) which is intended to…

 

Mastercard brings passkeys for payments to MENA following India launch

Mastercard is bringing its passkey service for digital payments to the Middle East and North Africa through a partnership with…

 

Passkeys can make online payment authentication easier, but it’s complicated

If passkeys are adopted for online payments, the technology’s user base could scale rapidly. But payments are complicated, leading the…

 

Mastercard highlights the growing case for biometric authentication and payment passkeys

At the Authenticate conference, Mastercard executives Jonathan Grossar, VP, product management, and Fred Tyler, VP, emerging digital products for North…

 

Behavioral biometrics, analytics options aplenty as financial fraud gets more complex

As businesses play tug-of-war with increasingly sophisticated fraud tactics, the cost of fraud has risen to new levels, now amounting…

 

Liquid and OneSpan gear efforts towards document signing security

Developments in document signing processes, has been the focal point for recent product launches by both Liquid Inc. and OneSpan….

 

Report: Synthetic identity fraud is growing

A new U.S. Government Accountability Office (GAO) report on its recent audit of the US Social Security Administration’s (SSA) Electronic…

 

Voice biometrics gain momentum in India’s financial sector

India is stepping into the future with voice biometrics, an authentication method that promises enhanced security and user convenience. Voice…

 

mDLs close in on practical use with standardization, tests and reader demos

Mobile driver’s licenses are progressing ever-closer to practical usefulness for applications other than proving the bearer’s driving privileges. The standard…

 

Uganda financial institutions sign on for digital KYC through national ID

Uganda’s central bank, known officially as the Bank of Uganda (BoU), says up to 74 financial institutions now have access…

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