World Bank proposes $250M for Indonesia digital ID for public and private service access
Indonesia may receive US$250 million in funding from the World Bank Group’s International Bank for Reconstruction and Development (IBRD) to…
KYC
Biometric Update regularly authors news related to the term "KYC." The following list of links is available to help you find biometrics news related to "KYC" and other relevant terms. Additional topics may be perused by accessing our comprehensive Biometrics Topics list.
Biometrics providers line up partners, customers in diverse sectors for KYC and compliance
Compliance with Know Your Customer checks and other regulatory requirements remain a major driver of biometrics implementations. The latest round…
VerifyMe picks up ISO certification to build confidence in security of digital ID data
VerifyMe Nigeria has qualified for two different ISO certifications for cybersecurity and safe management of sensitive data like biometrics, The…
KYC and AML costs add up, compliance with biometrics costs less: Ondato
The cost of anti-money-laundering (AML) processes for major European banks averages €14.25 million (US$15.15 million) each year, with each of…
Government databases could replace document-based ID verification: Sumsub CTO
Government databases and centralized solutions may one day replace document-based verification, Vyacheslav Zholudev, Sumsub’s chief technology officer and co-founder told…
Malawi’s biometric ID approaches total coverage, huge cost savings
From no national ID system in 2017, Malawi has now registered around 94 percent of its adult population and those…
Cellbunq Systems AB
Cellbunq provides frictionless Know Your Business (KYB) orchestration that is directly connected to thousands of databases. Clients can swiftly onboard,…
Onfido research shows ID documents’ targeted as Experian certified, OCR Labs partners
Identity documents are the weak link in ID verification, and being attacked accordingly, Onfido has found in its latest research….
ID fraud rises worldwide but biometrics helps KYC
Several companies in the know-your-customer (KYC) and anti-money laundering (AML) spaces have recently shared new insights into the industry. The…
Fingerprint biometrics most common among 1.8 billion monthly Aadhaar transactions
Over 1.75 billion authentication transactions occurred in October using India’s Aadhaar digital identity program, bringing the total to date to…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection