Australian banks move towards private digital identity products as legal issues debated
Australia is debating new laws that could make its long-awaited national digital identity scheme a reality. As the national digital…
banking
Biometric Update regularly releases posts regarding the term "banking." The following set of links is available to assist you with finding biometrics news about "banking" and other relevant terms. Additional tags may be explored by reviewing our entire Biometrics Topics list.
Banks deploying biometrics for ever-wider range of remote and in-branch interactions
Banking is being reshaped by several forces, including digitization and online service delivery, and biometrics are vying for a major…
India pushes liveness detection to biometric devices to cut payments fraud
The growing wave of fraud perpetrated against the Aadhaar-enabled Payments System (AePS), the widely-used last mile payments platform in India,…
DIDO For Banking (4th Annual) Digital Identity and Digital Onboarding
DIDO For Banking (4th Annual) Digital Identity and Digital Onboarding London, UK November 6-7, 2023 The banking landscape is rapidly…
Why banks worldwide are turning to fingerprint biometrics
By Vito Fabbrizio, Managing Director, Biometrics Business Unit, HID Banks and other financial institutions across the globe have been adopting…
FirstBank Nigeria launches humanoid robots amid digital customer interaction push
Humanoid robots with artificial intelligence to facilitate interactions and account openings with First Bank Nigeria customers have gone operational in…
Wells Fargo accused of scam involving racketeering, synthetic identity fraud
Wells Fargo has been hit with a putative class action alleging that they worked with a credit reporting agency that…
Beware overreliance on digital ID for financial inclusion. Policy is just as key
Welcome to the peak of inflated expectations for digital-ID onboarding for financial services. All familiar with the remarkably long-lived Hype…
Ethiopia to make digital ID obligatory for banking operations
The use of Ethiopia’s national digital ID, Fayda, for all transactions with financial institutions will soon be mandatory. According to…
Nigerians raise eyebrows as CBN tells banks to require social media accounts for KYC
There have been mixed reactions by concerned parties in Nigeria following a directive by the country’s Central Bank (CBN) for…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection