AI deepfakes are wreaking havoc on an unprepared financial industry
The identity of the firm targeted in a deepfake video scam that resulted in the loss of US$25 million has…
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.
Retail biometrics queues up from shopping malls to quick serve restaurants
Despite skepticism among American consumers, biometric payments in retail are about to have a moment, according to some experts. These…
UK plans to review identity verification, bank data to reduce benefits fraud
The UK government has laid out its plans to prevent benefit fraud – promising to save taxpayers £9 billion by…
Proof integrates Socure biometrics and anomaly detection to secure business agreements
The contracts, authorizations and forms that set out agreements between businesses and consumers represent a $200 trillion market, and Proof…
Digital identity protection tool backed by Australian bank sends alerts for fraud
The venture scaling arm of Australia’s biggest bank has launched a digital identity protection tool that will alert users to…
Uniken introduces palm vein biometrics to REL-ID platform for banking security
Uniken has unveiled the integration of palm vein authentication into its REL-ID platform, offering an advanced biometric security solution for…
Philippines digital ID proving vital for social protection
The Philippines national digital ID (PhilID) is fulfilling its social protection function as over one million poor citizens were recently…
African nations and fintechs urged to boost digital ID, DPI for economic gain
Representatives of Africa’s fintech sector heard about the importance of digital identity, and digital public infrastructure more generally, to the…
Malaysia greenlights Worldcoin token trading, setting up biometric crypto growth
Digital business solutions provider Cuscapi Bhd has announced that the Securities Commission Malaysia has granted approval to its associate company…
Biometric smart cards deployed to new markets for improved payment, access security
A collaboration between Money Carer, Tag Systems, and Fingerprint Cards has led to the development of a biometric-enabled carer card…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection