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)…
banking
Biometric Update regularly writes news related to the term "banking." The following set of links is available to help you find biometrics news concerning "banking" and other relevant terms. More topics may be perused by reviewing our entire Biometrics Topics list.
Fayda digital ID requirement for banking deferred for Ethiopians abroad
Ethiopian citizens living abroad have been granted a two-year waiver from a decision by the government for everyone to compulsorily…
Middle East Resilient Banking & Payments Symposium
Middle East Resilient Banking & Payments Symposium Abu Dhabi, UAE April 9-10, 2025 Middle East Resilient Banking & Payments Symposium…
Financial inclusion fintech signs AuthID for remote onboarding, authentication
Biometric identity verification and authentication firm AuthID has landed a new customer – microlending platform Salus which focuses on providing…
Nepal grapples with national ID distribution challenges as banks make card mandatory
Since January 14, it is mandatory to present one’s national ID card in Nepal when opening a bank account. This…
Russia’s banks work to boost Unified Biometric System
Russia’s largest bank Sberbank and the National Payment Card System (NSPK), operator of the Mir payment system, plan to combine…
20th Edition Connected Banking Summit Innovation & Excellence Awards 2025 – East Africa
20th Edition Connected Banking Summit Innovation & Excellence Awards 2025 – East Africa Nairobi, Kenya March 12, 2025 The 20th…
Banks like passkeys for security – but messy UX could defeat the purpose
Passkeys are replacing passwords across sectors, with even big banks getting on board with passkey implementation. But are they living…
DARPA considering program to ‘revolutionize’ AML
The U.S. Department of Defense is considering launching a program to “revolutionize the practice of anti-money laundering” and cut the…
Mandatory digital ID for banking policy goes into effect in Ethiopia
An Ethiopian government policy requiring the mandatory use of the national digital ID otherwise known as Fayda for banking transactions…
