Banks struggle to fight fraud with AI, reusable ID could help
The vast majority of financial institutions – around 90 percent – are leaning on some form of AI to combat…
banking
Biometric Update regularly publishes articles about the topic "banking." The following set of links is available to help you find biometrics news concerning "banking" and other relevant terms. Additional topics may be perused by reviewing our entire Biometrics Topics list.
EUDI Wallet issuance is transformative opportunity for banks: Mobey Forum
The financial industry is currently preparing for the introduction of the European Union Digital Identity (EUDI) Wallet. While the digital…
Opinion: Vendors must disclose responsible uses of biometric data
How should biometric vendors treat the biometric data they collect? John E. Bredehoft looks at the organizations that control and…
Fourthline biometrics, Prove behavior analysis give fintechs KYC alternatives
The growth of digital-based financial services means more transactions that must meet regulatory requirements for comprehensive customer verification and authentication….
US Corporate Transparency Act rollbacks create customer ID verification needs
U.S. companies will no longer have to comply with beneficial ownership reporting, thus pressuring banks to uphold KYC compliance and…
21st Edition Connected Banking Summit Innovation & Excellence Awards 2025 – Southern Africa
21st Edition Connected Banking Summit Innovation & Excellence Awards 2025 – Southern Africa Johannesburg, South Africa May 21, 2025 The…
Money20/20 USA
Money20/20 USA Las Vegas, NV October 26-29, 2025 Money20/20 USA is the world’s greatest most influential gathering of the global…
16th Africa Bank 4.0 Summit – Pan Africa
16th Africa Bank 4.0 Summit – Pan Africa Nairobi, Kenya May 13 – 15, 2025 The 16th Edition of Africa…
Ghana’s banking industry emphasizes biometric verification for secure transactions
Stakeholders in Ghana’s banking industry have underlined the significant role biometric identity verification plays in combatting financial fraud. Banking and…
Lack of liveness detection costs Nigeria’s financial institutions millions of Naira in fraud
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that the country’s financial sector lost around 52.26 billion Naira (US$34.8 million)…
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