Proposed UK data protection law hit by criticism
The UK’s prospective data protection law is facing criticism from lawmakers and rights groups over plans to introduce bank account…
financial services
Biometric Update regularly releases posts related to the term "financial services." The following list of links is available to assist you with finding biometrics news related to "financial services" and other relevant terms. Additional tags may be perused by accessing our comprehensive Biometrics Topics list.
Trulioo partnership extension boosts Nium’s UK digital payment operations
Real-time digital payments firm Nium has struck a new deal with digital ID verification partner Trulioo to provide quick, secure…
How to explain the EUDI Wallet? Industry and citizens discuss Europe’s digital ID
The European Digital Identity (EUDI) Wallet is well on its way towards becoming a reality. To explain the major impact…
Intellicheck, OneID tout banks’ unique position to cut fraud as digital ID enablers
Banks could play a significantly larger role in protecting consumers, businesses and payment systems from fraud, Intellicheck CEO Bryan Lewis…
UK seeks to improve AML regulations, Credas CEO shares insights
In the UK, HM Treasury has published a consultation on improving AML regulations. The CEO of Credas spoke on improving…
Trust Stamp face biometrics layer addresses voice vulnerability to deepfakes
Trust Stamp has launched a program that aims to help financial institutions fast-track their deepfake detection capabilities with multi-factor biometric…
AI fraud may be too much for some financial companies, warns Treasury Dept
The risks of generative artificial intelligence are looming over the financial services industry. As access to more advanced AI tools…
Sumsub finds 1 in 100 involved in fraud, updates prevention platform
One out of every 100 users on a digital platform or service is a member of a fraud network, according…
AML regulations in the UK might get softened
The UK isn’t deregulating its money-laundering rules, but officials say they want those rules to be more effective. And it…
BankID
BankID is an electronic identification system in Sweden. With a usage rate of 94% among smartphone users, it is the…
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