Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

 

FacePhi continues LATAM expansion with Panama bank biometric onboarding contract

Banesco Panama is the latest financial institution to select biometric facial recognition technology from FacePhi to secure its digital onboarding…

 

Financial Action Task Force examines biometrics in draft guidance on digital ID

The Financial Action Task Force (FATF) has issued a draft Guidance Paper on digital identity, setting out a risk-based approach…

 

Iran looks into biometric payments to reduce card transactions

Iran is looking into a step-by-step integration of biometric payments and QR codes for better verification and to cut down…

 

Iovation releases financial services fraud report and new payments industry group launched at Money20/20

Risky transactions on mobile devices have more than doubled since 2017, and half of fraud now comes through the mobile…

 

Canadian grocery chain to deploy SnapPay facial recognition payment tech

A Toronto-based grocery store chain is planning on bringing biometric facial recognition payments to its stores in what may be…

 

Pakistan financial inclusion program partners with top banks for biometric payments

Pakistan’s Benazir Income Support Programme (BISP) to reduce poverty has partnered with multinational bank Habib Bank Limited (HBL) and Bank…

 

Facial recognition payments not a hit yet in China, but new services launching

Biometric payments with facial recognition seem not to have been embraced enthusiastically in China, but new services leveraging the technology…

 

Daon expands international footprint of biometric technology with new partnerships

African financial technology company Union Systems Limited (USL) will use IdentityX biometric technology from Daon to deliver cross-channel authentication and…

 

SnapPay launches facial recognition retail payment platform in North America

Biometric facial recognition payment technology is now available to North American merchants from payment solutions provider SnapPay for use in…

 

Canadians expect government, private sector to develop digital ID framework

Some 70 percent of Canadians would adopt digital identity and think the government should join forces with the private sector…

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