Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

 

Pakistan financial inclusion program partners with top banks for biometric payments

Pakistan’s Benazir Income Support Programme (BISP) to reduce poverty has partnered with multinational bank Habib Bank Limited (HBL) and Bank…

 

Facial recognition payments not a hit yet in China, but new services launching

Biometric payments with facial recognition seem not to have been embraced enthusiastically in China, but new services leveraging the technology…

 

Daon expands international footprint of biometric technology with new partnerships

African financial technology company Union Systems Limited (USL) will use IdentityX biometric technology from Daon to deliver cross-channel authentication and…

 

SnapPay launches facial recognition retail payment platform in North America

Biometric facial recognition payment technology is now available to North American merchants from payment solutions provider SnapPay for use in…

 

Canadians expect government, private sector to develop digital ID framework

Some 70 percent of Canadians would adopt digital identity and think the government should join forces with the private sector…

 

76 percent of European online shoppers have never heard of PSD2

There are major discrepancies in awareness levels between retailers and online consumers when asked about EU’s Payment Services Directive 2…

 

CredoLab integrates iovation fraud detection technology to improve financial inclusion

Singapore-based digital credit scorecard provider CredoLab is integrating iovation’s device intelligence technology with its onboarding services for banks and non-bank…

 

Facial recognition for banking eKYC expands across South-East Asia

Several companies in the Asia-Pacific region have made announcements about biometrics initiatives, offerings, and awards for technology supporting financial services,…

 

Behavioral biometrics – securing digital banking without compromising on user experience

This is a guest post by Sam Bakken, Senior Product Marketing Manager at OneSpan Digital banking has grown rapidly in…

 

Self-sovereign identity could present major revenue opportunity for financial institutions

Self-sovereign identity (SSI) presents financial institutions with a major revenue opportunity, according to a new report from Mercator Advisory Group,…

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