India amends KYC rules for easier, biometric enabled authentication
The Reserve Bank of India (RBI) has amended KYC rules to streamline customer onboarding. India’s central bank has simplified procedures…
banking
Biometric Update regularly publishes posts about the topic "banking." The following set of links is available to assist you with finding biometrics news related to "banking" and other relevant terms. Additional tags may be explored by reviewing our entire Biometrics Topics list.
One app, two app, three app, four: DECTA study shows users have ‘wallet fatigue’
While some see the concept of a “15-minute city” as sinister, advocates say they just don’t want to go very…
EUDI Wallet crucial for the financial sector, Visa exec tells Money20/20
As a trusted means of identity verification, the European Digital Identity (EUDI) Wallet is a “present on a silver platter”…
Vietnam police catch ring using biometric face spoof to launder $39M
Vietnam is adapting its rules for online account security as the country leans into digital transformation for government and business,…
5 key components of deepfake threat mitigation: Reality Defender
When deepfakes attack, who you gonna call? This is the fundamental question posed in a new blog from Reality Defender…
Banks struggle to fight fraud with AI, reusable ID could help
The vast majority of financial institutions – around 90 percent – are leaning on some form of AI to combat…
EUDI Wallet issuance is transformative opportunity for banks: Mobey Forum
The financial industry is currently preparing for the introduction of the European Union Digital Identity (EUDI) Wallet. While the digital…
Opinion: Vendors must disclose responsible uses of biometric data
How should biometric vendors treat the biometric data they collect? John E. Bredehoft looks at the organizations that control and…
Fourthline biometrics, Prove behavior analysis give fintechs KYC alternatives
The growth of digital-based financial services means more transactions that must meet regulatory requirements for comprehensive customer verification and authentication….
US Corporate Transparency Act rollbacks create customer ID verification needs
U.S. companies will no longer have to comply with beneficial ownership reporting, thus pressuring banks to uphold KYC compliance and…
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