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,…
banking
Biometric Update regularly writes articles about the topic "banking." The following list of links is available to assist you with finding biometrics news about "banking" and other relevant terms. Additional topics may be explored by accessing our comprehensive Biometrics Topics list.
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…
Banks, fintechs across Europe, UK, UAE and Singapore ramp up biometric onboarding
Financial institutions across the world are introducing selfie biometrics for onboarding customers remotely, including with a new contract for Sumsub…
Banking on biometrics: The future of customer authentication
The financial industry flourishes on security and safety. Yet that is precisely what passwords, PINs, and other knowledge-based authentication does…
