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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.

 

Dfinity provides blockchain platform to UNDP trusted credentials framework

The United Nations Development Program has teamed up with the Dfinity Foundation to enhance the trust and dependability of the…

 

Vietnam completes biometric verification for 13M amid fraud concerns

Vietnamese banks have successfully completed biometric verification for over 13 million customers in just two days, with the aim of…

 

FPC, SPS technology partnership to ease biometric payment card manufacturing

Building on their strategic partnership from November 2023, Fingerprint Cards and IN Groupe are expanding their collaboration through the latter’s…

 

Bulgaria’s biometric ID runs into issues in banks, eID may also face trouble

Bulgaria has recently rolled out new biometric ID cards but unfortunately for its citizens, some banks have not prepared to…

 

Online gambling is under attack from fraudsters. AI might save it

Online gambling has been rising in popularity thanks to its convenience but fraudsters and scammers are also finding their way…

 

Don’t take national ID cards as collateral for loans, Uganda govt warns again

Uganda’s Minister of Information, Communications Technology and National Guidance, Chris Baryomunsi, has warned that the practice of money lenders asking…

 

Digizen’s Bank ID card set to boost financial inclusion in rural Papua New Guinea

Digizen PNG has launched its new Digizen Digital Bank ID card in an initiative part of a broader strategy to…

 

Digital identity to boost security and efficiency in finance across the globe

In an era where digital transformation is reshaping industries, digital identity is emerging as a cornerstone for the financial sector,…

 

Fake ID and ATO fraud rising say US firms

Real estate transactions involve significant amounts of money. It’s not surprising that 1 percent of transactions handled by title companies—third…

 

Fingerprint Cards, Valid team up to launch biometric payment cards in Brazil

Fingerprint Cards and Valid, a provider of payment technology, have collaborated to develop a biometric payment card for the Brazilian…

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