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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.

 

Continued innovation needed to effectively address sophisticated financial fraud

A Dark Economy Survey carried out by behavioral biometrics firm BioCatch has highlighted the disturbing trend of how AI is…

 

Biometric blockchain ring launched as more web3 companies dive into digital IDs

The world of Web3 is seeing more interest in digital identity as a solution to AI-driven fraud and as a…

 

ID verification integration can stop fake employees, customers and bots: Persona

Fake job seekers have been flooding companies, relying on AI technology such as deepfakes to fool hiring managers and apply…

 

Neurotechnology announces new ABIS deal with React

Neurotechnology, a company that develops neural networks for biometric identification, has announced a new deal to supply its Automated Biometric…

 

SQR and Binderr partner for scalable compliance

Digital identity verification provider SQR is entering a strategic partnership with Binderr, which provides an advanced AML, KYC, KYB and…

 

GBG and Experian partner to combat ANZ identity fraud and financial crime

Experian and GBG are expanding their partnership as they deepen their commitment to combating identity fraud and financial crime for…

 

Municipal ID programs offer ID to undocumented people, and ICE wants their data

Amid the ongoing collapse of democratic norms in the U.S., it is easy to miss a nightmare scenario unfolding for…

 

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…

 

Sumsub reveals 300% increase in identity document fraud

Sumsub has released its Q1 2025 identity fraud trends based on its internal data and it shows a surge in…

 

Financial firms beef up fraud prevention with biometrics and FIDO standards

Globally, financial companies are moving to strengthen their digital security and identity protocols, leveraging biometrics, FIDO standards and cryptography to…

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