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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.

 

Incode acquires MetaMap to level up global identity verification offering

Incode Technologies has acquired Silicon Valley-based customer verification platform provider MetaMap with the goal of addressing the challenges and opportunities…

 

Vietnam PM orders wider implementation of national ID for digital transformation

Prime Minister Pham Minh Chinh of Vietnam has highlighted the need for more robust efforts to drive national digital transformation,…

 

Future of biometric payments and digital ID taking shape

Palm biometrics is one of the in-person payment authentication modalities the major platform operators are betting on, and digital wallets…

 

Mastercard’s Biometric Checkout Program arrives in Europe

Mastercard is rolling out its biometric retail payments for the first time in Europe. The company will be piloting its…

 

Selfie biometrics certifications, customer wins and partnerships unveiled

Selfie biometrics and identity verification providers have announced new certifications and market traction. SmartSearch is now recognized as an IDSP…

 

Online gaming industry ramps up defenses against fraud

In recent years, the surge in online gaming activity has been paralleled by a rise in fraudulent activities within the…

 

Palm payments more accessible with pickup from Mastercard, Amazon app

Major financial players have lauded the potential of palm payments, China has explored palm biometrics for transit, and major sports…

 

IDV firms stake claims in $40B financial services biometrics market

Acuity Market Intelligence forecasts that biometrics for financial services will bring in $40 billion in revenue from 2024 to 2028,…

 

South Africa rejigs its digital payments ecosystem to increase financial inclusion

The South African Reserve Bank (SARB) has published a national digital payments roadmap which proposes several novelties including the adoption…

 

US Gen Zers struggle with identity verification as ‘Digital Ghosts’: Socure

Socure has released a new study revealing that 35 percent of Gen Zers in the U.S. and nearly a third…

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