FinCEN underlines financial sector collaboration to address digital identity threat
Following the release of its Identity Financial Trend Analysis, representatives from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN)…
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.
UK updates guidelines for Right to Work digital identity checks
The UK government has updated guidelines for employers for Right to Work digital identity checks, clarifying details on using digital…
Cybercriminals use malware to obtain face biometrics, break into banking apps
Chinese cybercrime group GoldFactory is creating malware to attack Android and iOS that steals face biometrics and uses them to…
Flurry of deals to secure ID verification and KYC in banking, gambling, rentals
As identity theft threats increase, industries with ID verification needs are seeking – and keeping – partnerships that supply solid,…
IDnow, IOTA Foundation, and others join a compliance consortium for European AML
The IOTA Foundation, IDnow, walt.id, SPYCE.5, and Bloom Labs are forming a consortium to make crypto asset service providers (CASPs)…
Frictionless KYC might be compromising security in customer onboarding
Payment firms, fintechs, and crypto entities may see a boost in new customers when they implement streamlined KYC platforms that…
India envisages additional measures against growing Aadhaar-enabled payments fraud
The Reserve Bank of India (RBI) is planning additional fraud risk management measures after the Ministry of Home Affairs (MHA)…
Bureau extends ID verification services to two Southeast Asian markets
Identity verification startup Bureau has extended its biometric fraud prevention services to Indonesia and the Philippines in what it says…
Nigeria, Togo to require biometric digital ID for loan programs
West African nations Nigeria and Togo want to use their biometric digital ID systems for managing government loan schemes. In…
Liquid completes more than 40 million KYC checks
Japanese ID verification service provider Liquid Inc. has announced it has completed a cumulative 40 million KYC checks. With Liquid…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection