Financial fraud is exploding, fueled by cheap and easy generative AI tools
If biometrics and digital identity providers seem hyperbolic about the risk of fraud and the importance of data security, consider…
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.
Mastercards from Thales and FPC, Idex Biometrics launch in Turkey
A pair of banks in Turkey are rolling out biometric payment cards from Mastercard. Fingerprint Cards and Thales will collaborate…
Biometrics: the future of payment security
Paying with facial recognition or the palm of your hand: is it a reality or just a future possibility? Jean-Philippe…
Famoco and Newlogic integrate with MOSIP for biometric social welfare delivery
Enterprise mobility management provider Famoco has announced a new collaboration which includes a full integration of its end-to-end software with…
Sumsub finds 1 in 100 involved in fraud, updates prevention platform
One out of every 100 users on a digital platform or service is a member of a fraud network, according…
Biometrics pilots and protocol interoperability set up scale-ups
Partnerships making biometrics work across protocols and expanding pilot projects are common elements across many of the most-read articles on…
Nigeria, Rwanda use digital ID for social welfare payments
Nigeria’s President Bola Tinubu recently directed officials to use the national digital ID system to enable the accurate identification of…
Sumsub integrates novel key management capability for crypto compliance
Sumsub‘s Transaction Monitoring will now integrate with Chainalysis for KYC and AML in crypto. The company will also be the…
Lawsuits say banks’ biometric authentication tech infringes on patents
Two big U.S. banks are facing legal action for allegedly incorporating biometric authentication features such as fingerprint and facial recognition…
AML regulations in the UK might get softened
The UK isn’t deregulating its money-laundering rules, but officials say they want those rules to be more effective. And it…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection