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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.

 

High IDV failure rates shown by Intellicheck research reveal fraud targets

Online businesses and their fraud protection providers have become all too aware of the scale and escalation of identity fraud,…

 

Mastercard brings agentic commerce vision to India

Mastercard took the stage at the recent India AI Impact Summit to demonstrate India’s first ‘fully authenticated agentic commerce transaction.”…

 

Sphinx raises $7.1m to expand AI-powered compliance agents

Identity checks were once reliant on human eyes and human discernment, but making sure people and entities are who they…

 

Identity fraud revs up in the automotive sector as purchases move online

Like most industries, the automotive sector is dealing with a spike in fraud. A survey snapshot released by identity provider…

 

Online dating at risk as romance scams, deepfakes infiltrate platforms

Online dating sites are being flooded with deepfakes and AI content, making it hard for users to distinguish real matches…

 

Central Bank of Jordan approves Sanad digital ID for IDV purposes

There is a directive from the Central Bank of Jordan (CBJ) for all banking institutions in the country to accept…

 

Signicat to offer B2B identity verification for online merchants

Signicat has taken another step toward its goal of becoming a major digital ID provider in the European B2B space….

 

Mitek enhances unassisted video verification to meet deepfake challenge

Mitek Systems has announced enhancements to its digital onboarding capabilities for the Spanish market, in compliance with Sepblac, Spain’s financial…

 

Innovatrics partners with Payout to embed biometric IDV in digital payments

Digital identity technology firm Innovatrics has partnered with payments infrastructure company Payout to integrate automated biometric identity verification into Payout’s…

 

Trust as a target: The parallels between application and romance fraud

At National Hunter’s annual conference, many experts reflected on the parallels between romance and application fraud. Sharing one of the…

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