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.

 

Goode Intelligence offers free registration for Biometric Payments Virtual Summit

The Goode Intelligence Biometric Payments Virtual Summit is less than a week away, and free registration is now available. The…

 

Service for biometric data transfer to centralized Russian system launched and self-enrollment planned

Rostelecom’s cloud-based Unified Biometrics System (UBS) will soon be adopted by 50 Russian banks, NIA Nizhny Novgorod reports. The UBS…

 

Zwipe biometrics selected by APAC payment card manufacturer as white paper on fraud published

Asia Credit Card Production Ltd. (ACC) has selected Zwipe to provide biometric technology for a range of payment products and…

 

Grow digital ID system for emergency and reap long term rewards, World Bank says

The response of governments to the economic impacts of the COVID-19 pandemic highlight the importance of digital ID, according to…

 

Insurance and securities firms in India to offer eKYC checks based on Aadhaar biometrics

Aadhaar biometrics and Unique Identification Authority of India (UIDAI) services can now be used on a voluntary basis for authentication…

 

LG CNS rolls out biometric facial recognition payment system in South Korea

LG subsidiary LG CNS has launched a facial biometrics “community currency” system in South Korea that integrates AI, blockchain and…

 

Google working on biometric smart debit card for Google Pay

Google is working on proprietary physical and virtual debit cards linked to a bank account and connected to an app…

 

Yoti, Synetics introduce biometric digital identity and e-KYC risk assessment onboarding project for banks

Yoti and Synectics Solutions have jointly developed Project Endeavour, a real-time electronic digital identity and e-KYC risk assessment onboarding solution…

 

Small businesses face fraud and compliance challenges with PSD2 deadline looming

Small businesses are not ready for the looming PSD2 deadline, Accertify has heard from a number of different sources at…

 

Korean virtual asset exchange joins MyID Alliance and implements distributed biometric identification

Virtual asset exchange Bithumb Korea will adopt the MyID blockchain and biometrics-based digital ID service to streamline identity authentication and…

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