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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.

 

Deepfake financial fraud to surge over the next 12 months, Deloitte reveals

According to a recent Deloitte poll, more than half of C-suite executives and other senior leaders anticipate a rise in…

 

Philippines plans to complete universal digital ID registration in 2025

The Philippine Statistics Authority (PSA) is set to register the entire Filipino population in the Philippine Identification System (PhilSys) by…

 

Decentralized digital ID providers Cheqd and Dock merge tokens

The token holders for $CHEQ and $DOCK have approved a merger in the hopes of accelerating the global adoption of…

 

Prove launches user verification tool

A new identity verification offering, Prove Verified Users, has been announced to enhance security across digital marketplaces. One of the…

 

Resecurity launches digital ID protection in Qatar

Following its expanded services in Thailand earlier this year, Resecurity has now introduced its advanced Identity Protection (IDP) tool in…

 

Biometric payment cards from FPC and Infineon ready for mass production

Fingerprint Cards and Infineon Technologies have officially unveiled the complete package of biometric payment card technologies that Infineon previewed in…

 

ATO attacks surge in Q2 2024, Sift warns of growing ‘Fraud-as-a-Service’ threat

A recent report highlights the growing threat of account takeover (ATO) attacks, which surged by 24 percent in the second…

 

Singaporean regulators zoom in on Worldcoin

Singaporean data protection authorities have not specifically ruled out taking action against Worldcoin, but it is not currently under investigation…

 

Au10tix highlights APAC as hotspot in global identity fraud report

Based on data from millions of transactions processed between April and June 2024, Au10tix’s Q2 2024 global identity fraud report,…

 

Tencent Cloud launches palm vein biometrics for contactless payments

During the Tencent Global Digital Ecosystem Summit, Tencent Cloud unveiled a palm verification system that utilizes infrared cameras to capture…

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