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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.

 

J.P. Morgan plans biometric payments rollout with PopID in 2025

J.P. Morgan is trialing biometric payments powered by PopID‘s commercial identification with more retailers in the U.S. ahead of a…

 

Generative AI enabling identity fraud at scale: Au10tix report

An eight month-long identity fraud campaign coordinated by organized crime groups has attempted 22,080 fraudulent user onboarding attempts by repeatedly…

 

Trust Stamp launches identity authentication service for high-risk transactions

Trust Stamp has launched an AI-powered transaction authorization service for high-risk online transactions and announced the issuance notification for a…

 

Digital transformation unlocks biometrics market opportunities

The next stage of digital transformation and the place of biometrics in it was a common theme in the headlines…

 

World Bank to consider impact of lacking ID on digital financial inclusion for women

A blog post by the World Bank shares that an upcoming World Bank paper will recommend ways to close the…

 

Gambling embraces digital ID and biometric payments

The European gaming industry has voiced its support for the EU’s digital identity scheme. In a dated post on its…

 

Wicket enjoys successful first year of Cleveland Browns biometric beer sales program

If you are a Cleveland Browns fan and 17 seconds seems like a long time to wait for a beer,…

 

Singtel customers can use ID data from a SIM card as extra security layer

Singapore telco Singtel has become the first in the country to offer a SIM-linked security measure. An article in the…

 

New South Wales government prepares for real-time digital payments

After three years of work, the New South Wales government is planning to complete its transition to Australia’s digital payments…

 

‘Frictionless SCA’ patent awarded to Entersekt

Financial-authentication company Entersekt has been awarded a U.S. patent for its software enabling what company executives call frictionless, multi-factor authentication….

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