Study finds AI fraud losses decline, but the risks are growing
While identity fraud losses have stabilized and scam losses have declined, new account fraud has surged, fueled in part by…
financial services
Biometric Update regularly releases news related to the term "financial services." The following set of links is available to assist you with finding biometrics news concerning "financial services" and other relevant terms. Additional topics may be perused by reviewing our entire Biometrics Topics list.
UK social engineering scams jump 62% as fraud tactics shift: BioCatch
While the United States is battling with credit card fraud and identity theft, UK consumers are being targeted by increased…
Ireland wants to make its welfare card more like a national ID
Ireland’s government wants to enable citizens to use Public Services Cards (PSC), currently distributed by the Department of Social Protection…
Shufti warns that lab‑tested deepfake tools are failing in the real world
Shufti is warning that financial institutions are facing a far larger deepfake problem than they realize, as synthetic identity fraud…
Jumio approved for biometric KYC in Malaysia with successful independent assessment
Jumio has completed the Malaysian central bank’s (Bank Negara Malaysia) independent eKYC Breakthrough Assessment which found its biometric onboarding technology…
NIST publishes draft guidelines for financial firms implementing mDLs
The NIST National Cybersecurity Center of Excellence (NCCoE) has published the initial public draft of its practice guidelines for financial…
FacePOS brings biometric point-of-sale system to Ireland’s Central Bank sandbox
Irish fintech FacePOS is developing a point‑of‑sale instant payment system that relies on AI‑driven face biometrics. The company has been…
One fifth of ID theft victims will have their identity reused: Synectics
More than 20 percent of ID theft victims have their identity reused to access different financial services and products, according…
Money20/20 USA
Money20/20 USA Las Vegas, NV October 18-21, 2026 Money20/20 USA is the world’s greatest most influential gathering of the global…
Identity fraud makes up over half of record UK incidents in 2025: Cifas
The UK is seeing more than 1,200 fraud cases each day, with more than half of them linked to identity…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection