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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.

 

Major upgrade for identity verification API from ID Analyzer to increase speed, accuracy

ID Analyzer, a Taiwan-based digital identity verification web API provider, has issued a press release announcing upgrades to its API…

 

AML investment growing rapidly as IDVerse launches fraud prevention tool

y 2028, financial institutions and other sectors will spend 80 percent more on AML systems than the $28.7 billion projected…

 

Idex develops accessible biometric payment card solution with UK fintech

Fingerprint biometrics provider Idex Biometrics is collaborating with Accomplish Financial, an international payments provider, to create a biometric payment program…

 

Mobile banking malware growing rapidly, ThreatFabric warns

Online payment fraud prevention provider ThreatFabric has shared research on the return of the Anatsa trojan virus, which is expanding…

 

Identity verification integrations unveiled by Socure, OneID, Persona and uqudo

Identity verification providers are combining selfie biometrics with tools like open banking and contextual matching to streamline user onboarding and…

 

Visa says palm biometric payments have promising future

Payments giant Visa showcased its pay-by-palm biometric payment technology at an event marking the transformation of its Singapore Innovation Center…

 

ID-Pal makes headway in U.S. IDV market with partnerships and plaudits

ID-Pal’s 2023 launch in the U.S. market has led to several significant deals for the compliance-focused ID verification company, as…

 

Biometric payment cards launching in Japan, Turkey

Biometric payment cards and access cards from Idex Biometrics and South Korean-headquartered Kona I are coming to Japan. Credit card…

 

UNHCR biometric program facilitates cash aid delivery to 39K Afghan returnees

The UN Refugee Agency (UNHCR) says one of its cash-support programs, “Forcibly Returned Afghans Enrollment (FARE)” in Afghanistan, has provided…

 

Carelessness puts consumers and banks at risk in the UK

A vendor-funded survey of UK adults finds many of them are cavalier about ID verification online. One-third, in fact know…

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