US committee sees AI fintech threat, public ready for biometric defense
The U.S. Financial Services Committee held a hearing with finance tech innovation leaders on opportunities and risks associated with AI….
banking
Biometric Update regularly authors posts about the topic "banking." The following list of links is available to help you find biometrics news about "banking" and other relevant terms. More topics may be perused by reviewing our entire Biometrics Topics list.
IFINTEC Finance Technologies Conference and Exhibition
IFINTEC Finance Technologies Conference and Exhibition Istanbul, Turkey May 6, 2024 IFINTEC is a global conference which is one of…
Selfie biometrics adopted by fintechs amid 70% fraud rate spike at financial institutions
Overall fraud incidents are up 20 percent, according to findings from the Identity Fraud Report 2024 from ID verification platform…
Fed up with scammers, Australia’s banks form a biometric squad to battle fraud
Aussie banks are banding together to put fraud in a headlock with the Scam Safe Accord, a “new offensive in…
Idex receives initial order for biometric metal payment cards
Idex Biometrics has announced it has received an initial order for Idex Pay from an Asia-based smart card manufacturer for…
Philippines and Malaysia add new biometric banking options
One of the Philippine’s largest banks is introducing biometric verification through voice recognition in order to stem fraud. UnionBank will…
Nearly 3 in 4 bank customers comfortable with biometric authentication: Entrust survey
Biometrics are rising in the banking sector: While a New Zealand bank is introducing behavioral biometrics to stop fraud, Indian…
Face biometrics workaround has Thailand’s bankers defending new transfer rules
Thailand’s bankers are in damage control mode after a programmer was arrested for selling software that bypasses mandatory face biometrics…
Fight fraud with multimodal biometric authentication
We can all agree, fraud is out of control. This guide by Mitek explores how new methods of authentication using…
Entersekt announces authentication integrations for financial institutions
South Africa-based biometric authentication provider Entersekt has announced integrations with ebankIT’s omnichannel banking platform and Plata’s recently released credit card….
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