Cross-border remittances on Trulioo’s AML platform spike
Trulioo reports a 142 percent increase in cross-border remittance transactions processed through its biometric identity verification platform compared to a…
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.
West Africa unifying legal framework for financial inclusion, digital economy
West Africa is at the precipice of a digital economy shift, with efforts spearheaded by governments and organizations across the…
Mastercard, Smile ID partner to scale up merchant KYC in 50+ African countries
Mastercard’s Digital Merchant Onboarding Program (MDOP) has integrated Smile ID’s identity and document verification suite to facilitate merchant onboarding in…
Biometrics providers among CFIT group fighting UK financial crime
The Centre for Finance, Innovation and Technology (CFIT) has brought together a consortium of companies to find new ways of…
Hitachi biometrics to authenticate payments at 100 Japanese stores
Hitachi and Tobu Railway will commence the rollout of its biometric authentication service in over 100 locations around Japan including…
Corsight solidifies Paraguay presence with facial intelligence licensing deal
Grupo Vázquez, a business conglomerate based in Paraguay, has entered into an agreement with Corsight AI to obtain a license…
Fime adds digital identity advisory expertise with Consult Hyperion acquisition
A digital identity testing and consultancy juggernaut is coming together in France, with Fime acquiring Consult Hyperion. The deal enhances…
Banks turn to biometric authentication for ATO prevention, should add behavioral
Banks are increasingly adopting biometric authentication methods, such as facial and fingerprint recognition, to secure customer accounts against Account Takeover…
India’s payment sector advances with selfie biometrics and authentication tools
India’s payment industry continues to upgrade and introduce advancements in digital payment systems and user verification technologies, with face biometrics…
Pakistan launches SIM registration crackdown, cross-border payment network
Pakistan is making progress towards improving its digital public infrastructure (DPI) as well as its financial system. In the latest…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection