Biometric verification securing, slowing cash transfer program in Nigeria
The Nigerian government is handing out cash to 2.3 million households under a scheme that relies on biometric verification. It’s…
Financial Services
Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.
EU calls for public feedback on European Business Wallet
The European Commission has issued a call for feedback on the EU Business Wallet, a digital identity wallet intended for…
Leveraging digital ID in the financial sector: ID4Africa panel
Financial inclusion was highlighted as the mother of all digital ID use cases during an early panel discussion on the…
Prevalence of fraud-as-a-service models eroding online trust at speed: Jumio
Digital trust is “crumbling” under an avalanche of synthetic media, misinformation and deepfake fraud, according to a new report from…
Statistics favor UK’s digital business ID but the country is lagging: Umazi
Setting up a business in the UK is a “hidden nightmare,” according to a new survey of small and medium…
Biometrics integrations, identity intelligence improve financial services onboarding
Major integrations for Fourthline and BioCatch are expanding the reach of their biometric user onboarding and KYC technologies, as financial…
MOSIP and GLEIF join new Mojaloop partner program to advance financial inclusion
The Mojaloop Foundation has unveiled a new global partner program, an initiative focused on advancing financial inclusion globally. The new…
Tencent considers bringing palm biometric payment to Thailand, Alipay pushes the PL1
Chinese tech giant Tencent is considering bringing its palm biometrics scanning to Thailand in what would be a significant expansion…
Ant Digital showcases Zoloz liveness, AI for fintech suite in Dubai
Ant Digital Technologies, the digital technology subsidiary of Chinese conglomerate Ant Group, is committing to the global market with its…
Au10tix adds continuous, real-time AML risk monitoring to API
Au10tix has launched a continuous, real-time risk monitoring capability as part of its anti-money laundering software. AML checks are traditionally…
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