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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.

 

Intellicheck powers identity verification tools for real estate transactions

Westcor Land Title Insurance Company has released val-ID, an identity verification tool powered by Intellicheck. The tool aims to improve…

 

Digital IDV standards, updated regulation needed to fight sophisticated cybercrime

As digital payment preferences increase in frequency, a recent study reveals that nearly one in five consumers have fallen victim…

 

Mastercard to launch passkey payments in India, tapping US$255B market

Mastercard will enable passkeys for payments in India, kicking off a global rollout. A release from the payments giant says…

 

Idex Biometrics secures Visa certification, expands into Indian market

Idex Biometrics has obtained Visa certification for its Idex Pay biometric payment application, utilizing the Visa Biometric Sensor Standard (VBSS)….

 

India’s central bank launches lending platform connected to Aadhaar KYC

Governor Shaktikanta Das of the Reserve Bank of India has announced a nationwide launch of the Unified Lending Interface (ULI),…

 

Somalia leverages its national ID system to drive financial inclusion

The Horn of Africa nation of Somalia has taken its digital transformation push a notch high with a recent Memorandum…

 

Biometrics feature launched by Airtel as India steps up KYC

Digital payments have surged in popularity in India, particularly through methods such as the Unified Payments Interface (UPI). However, with…

 

Jordan accelerates digital transformation with iris biometrics

Jordan has made progress in its digital transformation efforts as work is underway to add a biometric system for citizens…

 

How face biometric payment companies can build consumer confidence: study

Biometrics payment providers still have a long way ahead to convince consumers to make transactions by scanning their faces. But…

 

Asia-Pacific prepares for new tech regulation

Countries of the Asia-Pacific Economic Cooperation (APEC) should work on making their national digital IDs interoperable, says Daniel Castro, vice…

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