banking

USAA App a Premiere Success Story of the Mobile Biometrics Revolution

USAA App a Premiere Success Story of the Mobile Biometrics Revolution

Almost half of USAA’s mobile users are taking advantage of biometric authentication to log in on their phones, reports San Antonio Business Journal. The technology comes by way of Daon and its IdentityX platform, offering users the choice to authenticate via fingerprint scan, or facial or voice recognition. USAA, a bank focused on serving the…

Mobile Biometrics Month 2017: 3 Markets Where Mobility Is Making a Difference

Mobile Biometrics Month 2017: 3 Markets Where Mobility Is Making a Difference

Mobile biometric technology is more than just unlocking your smartphone with your fingerprint, face, or iris. Many of the same innovations that have made biometrics flexible and affordable enough to integrate into consumer-facing hardware have also allowed for strong biometric identity to become a more prominent aspect of vertical markets on a global scale. This week,…

UL Accredited to Assess Biometric Security for Brazilian Banks

UL Accredited to Assess Biometric Security for Brazilian Banks

“The accreditation comes at a time of growing interest in biometric authentication technologies among banks around the world, and of increasing activity in Brazil’s IT security sector.” Industry consultancy UL says that its São Paulo lab has received accreditation from the country’s leading association of banks for its expertise in biometrics. The accreditation means that UL…

Unisys Announces Multi-Channel Banking Platform

Unisys Announces Multi-Channel Banking Platform

Unisys has announced a new digital banking platform meant to facilitate a broad range of services via mobile device or desktop, and featuring biometric security. Called Elevate, the platform is targeted at financial institutions seeking to offer cutting-edge digital and mobile banking technology to their customers, enabling everything from paying bills to applying for mortgages. The solution…

Emirates NBD Deploys Biometric Tablets in Branches

Emirates NBD Deploys Biometric Tablets in Branches

Dubai-based bank Emirates NBD is taking advantage of biometrics to better serve branch visitors, reports Finextra. The bank is equipping specially-assigned customer service agents with tablet devices equipped with biometric identification technology that will allow them to identify customers with respect to the data connected to their Emirates Identity Authority Cards. The aim is to…

Another Bank Embraces Diebold Nixdorf’s Biometric Self-Service Tech

Another Bank Embraces Diebold Nixdorf’s Biometric Self-Service Tech

A new bank in Pakistan, MCB Islamic Bank Limited, is going to offer customers biometric self-service with Diebold Nixdorf technology. The bank says each of its new branches across the country will feature the technology. In a statement announcing the move, MCB Islamic Bank explained that its goals include “expanding access to financial services and reaching…

Synaptics Sensor Gets Certification From China’s Banking Card Test Center

Synaptics Sensor Gets Certification From China’s Banking Card Test Center

Synaptics’ VFS7500S fingerprint authentication solution has become the first such device to receive full certification from China’s Banking Card Test Center (BCTC). The certification could open important paths for Synaptics in the China market. The BCTC was established by China UnionPay (CUP), the country’s major domestic bank network. In announcing the BCTC certification, Synaptics asserted…

Saudi Arabian Bank Introduces Biometric Self-Service Terminals

Saudi Arabian Bank Introduces Biometric Self-Service Terminals

With the help of Diebold Nixdorf, Saudi Arabia’s Al Rajhi Bank has introduced a self-service terminal that uses biometric technology to authenticate the individuals. The kiosks’ authentication process entails a simple fingerprint scan; once complete, individuals can have new debit cards printed, as well as check books, statements, and remittances. They can even get started opening…

Citi Brings Voice Authentication to Indian Customers

Citi Brings Voice Authentication to Indian Customers

“The launch of the system in India follows recent deployments in the Philippines and Malaysia…” Citibank has brought its voice-based authentication system to India, the bank has announced. The system identifies customers calling the bank’s phone lines via voice biometrics, rather than through security questions or PINs. The aim is to improve the customer experience…

NEC to Trial Face-Based Payments with Sumitomo Bank

NEC to Trial Face-Based Payments with Sumitomo Bank

Customers of Japan’s Sumitomo bank may soon be able to pay with their faces. NEC Corporation has announced that it has teamed up with Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation (SMBC), and Sumitomo Mitsui Card to trial contactless payment systems based on facial recognition over the coming weeks. One trial has already…

Financial Biometrics Month 2016: The Roundup

Financial Biometrics Month 2016: The Roundup

Financial Biometrics Month 2016 has come to an end at FindBiometrics. All November long we shone a spotlight on the exciting, dynamic and always evolving world of biometric FinTech. Weekly featured content, industry news coverage, and an expert webinar panel all helped paint a picture of the current state of biometrics-enabled commerce and shed some…

News Roundup: The Biometric Smart Card Boom

News Roundup: The Biometric Smart Card Boom

Last week at FindBiometrics things were gearing up for Trustech 2016 where the biometric smart card is slated to make a big impression. Meanwhile we continued to countdown to this week’s Financial Biometrics Month webinar as mobile biometrics integrations, law enforcement, and connected identity rounded out the industry news. Here is a look back on last…

Banks Deny Loan to Armless Man Over Lack of Fingerprints

Banks Deny Loan to Armless Man Over Lack of Fingerprints

“But new technologies are emerging that could provide alternative options to people like Mr. Wu.” Multiple banks in China denied an armless citizen a loan because he wasn’t able to provide fingerprints, according to a BBC report. Twenty-five-year-old educator Wu Jianping lost his arms as a child after suffering a serious electrical shock. He’s still able…

Israeli Bank to Introduce Passive Mobile Behavioral Authentication

Israeli Bank to Introduce Passive Mobile Behavioral Authentication

“The system continuously monitors behavioral metrics including a user’s finger size and the pressure of the user’s touch to enable passive authentication…” An Israel-based bank has become the first in the world to embrace behavioral biometrics as a password replacement on mobile devices. Leumi Card, a credit card subsidiary of Bank Leumi, has been trialing…

UK Bank Expanding Behavioral Biometrics Testing

UK Bank Expanding Behavioral Biometrics Testing

A UK bank serving more than 14 million customers has been testing BioCatch’s behavioral biometrics technology and is getting ready to expand its use. NatWest has been trialing the tech with some of its business customers since the start of the year, and it’s evidently going well. In a statement, NatWest Chief Administrative Officer Simon…

Financial Biometrics Month 2016: The Rise of Selfie Finance

Financial Biometrics Month 2016: The Rise of Selfie Finance

While the first big wave of personal biometric finance was the fingerprint biometrics enabled mobile wallet, the world of commerce, especially mobile commerce, has diversified in terms of modality and application. One of the biometric modalities that has gained a great deal of traction in mobile finance is facial recognition, but from the way it…

Citibank Deepens Commitment to Biometric Authentication With Touch ID

Citibank Deepens Commitment to Biometric Authentication With Touch ID

“A number of banks around the world have embraced Touch ID for mobile login, but Citibank has become the first to use such biometric authentication to enable mobile stock trading.” Citibank customers in Hong Kong can now log into their mobile banking apps via the iPhone’s Touch ID fingerprint scanning system. A number of banks…

Bank Customers Increasingly Interested in Iris Scanning: Intelligent Environments

Bank Customers Increasingly Interested in Iris Scanning: Intelligent Environments

Bank customers are growing increasingly interested in iris scanning authentication, according to digital banking platform developer Intelligent Environments. Citing its own recent survey data, the company says that 60 percent of its respondents said they would consider using iris scanning, compared to 33 percent who said the same in 2014. Other biometric technologies are on the…

Financial Biometrics Month 2016: The Primer

Financial Biometrics Month 2016: The Primer

November is Financial Biometrics Month at FindBiometrics, so for the next four weeks we will be examining strong authentication and identity tech in commerce. To kick things off, we have compiled a primer to serve as a snapshot of the biometrics in financial landscape. Read on to get up to speed on the world of…

FirstBank Banking App Combines Touch ID, Digital Certificates

FirstBank Banking App Combines Touch ID, Digital Certificates

Coloradan financial services company FirstBank has launched its updated iOS app featuring fingerprint-based authentication. The system was developed in collaboration with mobile security specialist Entersekt and represents the culmination of a partnership first announced in February of this year. It allows FirstBank customers to log into their mobile apps by scanning their fingerprints on the…

Money20/20: AI Banking Assistant ‘Eva’ Can Recognize Speech and Voices

Money20/20: AI Banking Assistant ‘Eva’ Can Recognize Speech and Voices

Enacomm has developed its own voice command-based AI assistant for banking applications. Called the Enacomm Voice Authentication, or “Eva”, the system was unveiled at this week’s Money20/20 expo in Las Vegas. The solution arrives at a time of growing excitement around voice-based AI assistants, which are seen as a key means of enabling user interaction…

Banking Digitization Company to Leverage ImageWare Biometric Solution

Banking Digitization Company to Leverage ImageWare Biometric Solution

ImageWare has teamed up with banking digitization specialist Aurionpro, which will integrate its GoVerifyID biometric authentication platform into its Digital Branch DX — multi-service Kiosk. It’s a move that could help GoVerifyID reach a number of new customers, with Aurionpro planning to offer the companies’ combined solution to its own customers. Aurionpro’s headquarters are split…

What to Expect at Money20/20 2016

What to Expect at Money20/20 2016

The Money20/20 conference kicks off today in Las Vegas, with digital security and biometric solutions in particular expected to once again be hot topics. Digital security companies are planning some big showings, of course. STC Group, represented in the US by SpeechPro, will show off its OnePass multimodal authentication system and its VoiceKey voice recognition…

Another South Korean Bank Supports Note7 Iris Authentication

Another South Korean Bank Supports Note7 Iris Authentication

Another South Korean bank has signed on for iris-based authentication for customers via Samsung’s Galaxy Note7 smartphone. According to a new report from Yonhap News Agency, the support is coming soon, with an unnamed bank official telling the news agency that “[l]ast-minute preparations have been underway to link our mobile banking services to the iris-recognition capability” of the…

News Roundup: Background Checks and Major Acquisitions

News Roundup: Background Checks and Major Acquisitions

Last week at FindBiometrics we continued to explore the world of law enforcement biometrics while acquisitions, both speculative and real, brought some excitement to the industry news. Fingerprints, facial recognition, and iris biometrics all made headlines, while an interview gave insight into the one of the newest big names in biometrics. – Sign up now…

Chase Bank Enhances Mobile App’s Fingerprint Biometrics

Chase Bank Enhances Mobile App’s Fingerprint Biometrics

Chase Bank has enhanced its mobile app’s support for fingerprint recognition with new functionality, Android Headlines reports. While fingerprint-based login was already enabled for the app back in April, it now also allows users to authorize payments and transfers via fingerprint scan. The move comes just after Chase announced its support for Android Pay, Google’s mobile payment…

The Strong Authentication Specs Fighting Mobile Banking Malware

The Strong Authentication Specs Fighting Mobile Banking Malware

As concerns rise over mobile banking malware, Nok Nok Labs is highlighting the advantages that its authentication strategies—and those of the FIDO Alliance—offer in combating related fraud. Written in response to a Wall Street Journal feature on such security issues, a new blog post by Todd Thiemann on Nok Nok Labs’ website points out FIDO’s approach…

HSBC Intensifies Biometrics Embrace with Selfie System

HSBC Intensifies Biometrics Embrace with Selfie System

HSBC is intensifying its embrace of biometric authentication with a new mobile system that will let business customers open new accounts via selfie. In addition to requiring an image of the user’s face, the system also asks the user to take a picture of a relevant photo identification document. Once it has both images, it…

USAA’s Nuance-Developed AI Assistant Gets a Bigger Role

USAA’s Nuance-Developed AI Assistant Gets a Bigger Role

“…an AI virtual assistant is now available to chat with customers through the USAA website.” USAA, a financial services organization catering to current and former members of the US armed forces, has announced some sophisticated new technology that should help to make life a little easier for its customers. One such offering is a new…

Citibank Malaysia Launches Voice Authentication System

Citibank Malaysia Launches Voice Authentication System

Citibank has become the first bank in Malaysia to launch a voice recognition system for customer authentication, reports the New Straits Times. It’s part of Citi’s ambitious plan to become the first bank to enable such a system throughout the entire APAC region, having already deployed the technology in Taiwan, Hong Kong, Singapore, and Australia. Speaking…

Standard Chartered Announces Ambitious Biometrics Plans

Standard Chartered Announces Ambitious Biometrics Plans

Standard Chartered bank has announced ambitious plans to roll out biometric authentication systems for clients across Africa, Asia, and the Middle East over the coming months. One of those systems is fingerprint-based login on mobile devices. With touch login already live in the UAE and India, Standard Chartered says biometric authentication via iOS or Android…

Samsung’s Iris Scanning Smartphone Marks Over 200,000 Preorders

Samsung’s Iris Scanning Smartphone Marks Over 200,000 Preorders

Excitement is building for Samsung’s Galaxy Note7 device in its home country of South Korea. Officially unveiled at launch events around the world last Tuesday, the device has already garnered over 200,000 preorders. As The Korea Herald reports, that’s double the preorders that came in for Galaxy S7 smartphones launched earlier this year. That could…

South Korean Banks to Enable Iris Authentication Via Note7

South Korean Banks to Enable Iris Authentication Via Note7

Two South Korean banks are already preparing to take advantage of the iris scanning capability of Samsung’s latest flagship mobile device. KEB Hana Bank and Woori Bank have announced that they will allow customers to access mobile accounts via the Galaxy Note7’s iris scanning feature. Many banks already support mobile biometric authentication via fingerprint scan,…

Barclays Bringing Voice Authentication to All Customers Calling In

Barclays Bringing Voice Authentication to All Customers Calling In

“The voice authentication system acts as a replacement for passwords and security questions, and thus should help to cut down call times.” Barclays is enabling voice authentication for all customers calling in to its phone lines. It’s an expansion of a pilot project first undertaken in 2013, when Barclays became the first bank in Europe…

News Roundup: FIDO Makes a New Ally

News Roundup: FIDO Makes a New Ally

Last week at FindBiometrics law enforcement and banking made up the bulk of the headlines. We saw new biometric smartphone integrations, a major new team up for The FIDO Alliance, and much more. Here is a look back on last week’s’ top stories in global identity management. Civil ID Civil ID made the news last week…

Banking Big On Biometrics: BioConnect

Banking Big On Biometrics: BioConnect

BioConnect’s Bianca Lopes is highlighting the impactful ways in which the financial services industry is embracing biometric technology. In a post on the company’s blog, Lopes suggests that with Touch ID having surreptitiously pioneered the mass market mainstreaming of biometric authentication, banks are now taking advantage of the technology in a number of ways. Lopes…

Ghana Bank, Ingenico Launch Biometric POS Solution

Ghana Bank, Ingenico Launch Biometric POS Solution

Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), a Bank of Ghana subsidiary, is bringing biometric banking to the country’s underserved. Together with payments solutions provider Ingenico Group as well as Rural Financial Institutions and Agent Networks, the bank has launched a biometric POS terminal that links individuals’ fingerprints to their bank cards. The organizations…

Standard Chartered Bank Bringing Touch ID Support to Eight African Countries

Standard Chartered Bank Bringing Touch ID Support to Eight African Countries

Standard Chartered Bank, an international bank focusing on the Africa, Asia, and Middle East markets, is bringing Touch ID login for its mobile app in eight African countries. Starting in the second half of the year, Stanchart customers in Botswana, Ghana, Kenya, Nigeria, Tanzania, Uganda, Zambia, and Zimbabwe will be able to use the mobile biometric authentication…

Mexico’s Banco Inbursa Embraces Selphie Solution

Mexico’s Banco Inbursa Embraces Selphie Solution

FacePhi has just signed its latest major client. The company has announced that Mexico’s Banco Inbursa will implement its Selphie solution on a mobile app as well as a web-based platform. The facial recognition solution is designed for ease of use and aimed specifically at the financial services industry. As the name suggests, it authenticates users…

Shinhan Bank Has Enabled FIDO Biometric Authentication

Shinhan Bank Has Enabled FIDO Biometric Authentication

The FIDO Alliance is highlighting the benefits of FIDO-based authentication with a new case study on Korea’s Shinhan Bank. The financial institution recently enabled fingerprint authentication based on FIDO standards on its Sunny Bank mobile app. With the app, the bank was looking to enable its customers to perform a range of actions on their smartphones, including…

LG U+ Working on Biometric Universal SIM

LG U+ Working on Biometric Universal SIM

LG’s MNO subsidiary LG U+ is developing a biometric SIM card, reports BusinessKorea. Called a universal subscriber identity module (USIM), the device is aimed at enabling comprehensive and consistent biometric authentication for users. It will store a user’s biometric data for use in a range of applications in banking, shopping, and various Internet of Things…

Fiserv System Authenticates Bank Customers by Palm Vein Scan

Fiserv System Authenticates Bank Customers by Palm Vein Scan

FinTech specialist Fiserv has launched a new biometric authentication system for banking applications. Called Verifast: Palm Authentication, the system scans palm vein patterns to quickly identify users. It’s based on palm vein biometrics technology developed by Fujitsu, which Fiserv began to integrate into its “DNA” account processing platform last year. Banks that deploy the solution…

Indian Bank Expands Biometric ATM Project

Indian Bank Expands Biometric ATM Project

Bengalaru, the capital of India’s Karnataka state, now has its first biometric ATM. The system eschews card-and-PIN customer authentication for fingerprint recognition. It’s an expansion of a program first launched by DCB Bank this April, when the bank started a pilot project at its corporate office in Mumbai. Further deployments soon followed in Odisha and Punjab, and…

BioConnect Highlights Factors Driving Banks’ Embrace of Biometrics

BioConnect Highlights Factors Driving Banks’ Embrace of Biometrics

Canadian bank Tangerine has brought Eyeprint ID biometric authentication to its mobile app for user login, illustrating an ongoing trend that has seen numerous financial services institutions embrace biometric login and security—and BioConnect is taking the opportunity to explain why. In a new post on the company’s blog, BioConnect’s Brett Mueller highlights a few key…

News Roundup: Here Come The Biometric Smart Cards

News Roundup: Here Come The Biometric Smart Cards

Last week at FindBiometrics we kicked off Border Control & National ID Month in our featured articles section while law enforcement biometrics and smart cards with fingerprint sensors made huge headlines in the industry news. Mobile biometrics, FinTech, and physical access control rounded out our coverage in an eventful week for identity tech. Here’s a look back…

Neurotechnology Highlights Mobile Banking Applications for Latest MegaMatcher Upgrade

Neurotechnology Highlights Mobile Banking Applications for Latest MegaMatcher Upgrade

Lithuania-based biometrics specialist Neurotechnology has upgraded its VeriLook facial recognition algorithm. The upgrade is part of MegaMatcher 9.0, the latest version of the company’s multimodal SDK platform, which was also launched today. In a statement announcing the upgrade, project lead Dr. Justas Kranauskas explained the the company focused on improving the technology’s performance “in real-world, unconstrained environments,”…

Gulf Bank Kuwait Enables Multimodal Biometrics With Daon

Gulf Bank Kuwait Enables Multimodal Biometrics With Daon

Customers of Gulf Bank Kuwait who prefer to do their banking from their phones will have a more secure and convenient way to authenticate thanks to the financial institution’s partnership with Daon. Today, Gulf Bank Kuwait and Daon announced that the latter’s IdentityX biometric platform will be enabling fingerprint and face recognition for the bank’s…

Behavioral Biometrics App Wins Retail Banking Award

Behavioral Biometrics App Wins Retail Banking Award

Nationwide Building Society has won the Retail Banking Security Innovation of the Year award for a mobile solution developed with Unisys and BehavioSec. The award was bestowed at this year’s Retail Banking Conference & Awards. The recognition is for an app developed by the companies this year which uses behavioral biometrics to authenticate users. That…

DBS, OCBC Announce Voice Authentication Plans

DBS, OCBC Announce Voice Authentication Plans

Singapore’s DBS and OCBC banks have announced that voice authentication is in the pipeline for their call centers. As Singapore Business Review reports, OCBC has already launched a voice biometrics system for some of its customers, suggesting an expansion is on the way for later this year; DBS, meanwhile, is aiming to launch such a system…

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