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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.

 

Kuwait fingerprints 2M as biometric data registration deadline nears

Kuwait is finalizing its program of collecting fingerprints for the country’s central biometric database as the June deadline for completion….

 

Identity verification industry mulls solutions to flood of synthetic IDs

The advent of AI-powered generators such as OnlyFake, which creates realistic-looking photos of fake IDs for only US$15, has stirred…

 

AI, document and identity verification continues to transform Canada

With over 300 AI projects in use among the federal government alone, AI enabled biometric document and identity verification is…

 

UK seeks to improve AML regulations, Credas CEO shares insights

In the UK, HM Treasury has published a consultation on improving AML regulations. The CEO of Credas spoke on improving…

 

Trust Stamp face biometrics layer addresses voice vulnerability to deepfakes

Trust Stamp has launched a program that aims to help financial institutions fast-track their deepfake detection capabilities with multi-factor biometric…

 

PayByFace expands across European markets

The Amsterdam-based biometric payment processing startup PayByFace has announced agreements to expand into several European markets including Netherlands, UK, Ireland,…

 

Collaboration, mDL’s payment security potential spotlighted at Identity & Payment Summit

More cross-sector collaboration, mDLs and mobile device-based biometrics are needed to secure payments and other transactions across a wide array…

 

Multi-layered and biometric IDV can prevent pervasive rental fraud: report

Six out of ten property managers said they faced rental fraud in the past two years, according to research from…

 

Belgium, US adapt to stricter online gambling rules

Belgium is making changes in the gambling industry, including a hike in the legal age for all forms of gambling…

 

New moves to spur financial inclusion in Central, East Africa

Two events – a workshop in Central Africa and a partnership deal in East Africa – recently happened with the…

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