Financial

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…

STC Group Announces Upgraded VoiceKey Solutions

STC Group Announces Upgraded VoiceKey Solutions

STC Group has announced a new version of its VoiceKey platform (stylized “VoiceKey.PLATFORM”) featuring upgraded VoiceKey.AGENT and VoiceKey.FRAUD components. Designed for call center deployments, VoiceKey.AGENT uses voice recognition to authenticate callers. VoiceKey.FRAUD complements this feature by enabling “search and identification of fraudsters” during calls and with recordings, according to a statement announcing the upgraded platform.…

Worldcore Adds BioID Facial Recognition to Platform

Worldcore Adds BioID Facial Recognition to Platform

“It isn’t the first time Worldcore has turned to biometrics for customer authentication, with the company’s platform having employed voice recognition from the outset.” Digital banking solutions provider Worldcore has integrated facial biometrics security into its platform. Called FaceKey, the system allows users to authenticate for online services via facial recognition. The technology comes by way…

INTERVIEW: Frances Zelazny, Vice President of Marketing, BioCatch

INTERVIEW: Frances Zelazny, Vice President of Marketing, BioCatch

FindBiometrics President Peter O’Neill recently spoke with Frances Zelazny, Vice President of Marketing, BioCatch. The conversation starts with a look at research suggesting that behavioral biometrics are on the verge of becoming a mainstream modality and then takes a look at the most interesting of BioCatch’s many key patents. The interview then delves into the…

News Roundup: Aadhaar Versus Fraud

News Roundup: Aadhaar Versus Fraud

Last week at FindBiometrics Healthcare Biometrics Month continued as we took a look at how strong authentication and identity management can be applied outside of the realm of patient ID. The industry news, meanwhile, was filled with border control, FinTech, and automotive biometrics, while India’s government made moves to address Aadhaar fraud. Here is a look…

ING Direct and Macquarie Embrace Apple Pay in Australia

ING Direct and Macquarie Embrace Apple Pay in Australia

ING Direct and Macquarie are embracing Apple Pay in Australia, with the financial services organizations joining ANZ Bank in supporting the digital payment platform while the country’s major banks continue to resist its emergence. The firms evidently see an opportunity to get a competitive edge in the Australian market. As Reuters reports, each organization holds only…

Aurionpro Seeks to Transform ATM Concept with Biometrics, Enhanced Capabilities

Aurionpro Seeks to Transform ATM Concept with Biometrics, Enhanced Capabilities

Aurionpro, a banking digitization specialist, has launched a new product – the Virtual Teller Machine. If that sounds like another name for the Automated Teller Machines – or ATMs – that are now so widespread, the key difference lies in the breadth of the VTM’s capabilities. Because it makes use of multimodal biometric identification, Aurionpro…

News Roundup: Healthcare Biometrics Takes The Spotlight

News Roundup: Healthcare Biometrics Takes The Spotlight

Last week at FindBiometrics we brought our 14th Annual Year in Review to a close before kicking off Healthcare Biometrics Month 2017. Major news broke as a leading fingerprint sensor company made moves to expand into multimodality, and FinTech, border control, and government applications rounded out the headlines. Here is a look back on last…

Eyeprint ID Arrives in Europe Via Yapi Kredi

Eyeprint ID Arrives in Europe Via Yapi Kredi

“Yapi Kredi AGM Yakup Dogan explained that Eyeprint ID ‘addresses two major shortcomings for mobile banking customers today: security and recalling passwords.’” EyeVerify technology has arrived in Europe. The company has announced that its eye vein-based mobile authentication platform, Eyeprint ID, is now being used in its first European bank app. The deployment comes through…

Veridium CEO to Show Off Solutions at FinovateEurope

Veridium CEO to Show Off Solutions at FinovateEurope

Veridium is going to FinovateEurope 2017, where CEO James Stickland will present the company’s 4 Finger TouchlessID solution, along with the VeridiumID platform. With FinovateEurope’s focus on the financial services sector, where biometric solutions are proving increasingly popular, Veridium’s solutions could prove appealing. Its VeridiumID authentication platform supports facial, voice, and fingerprint biometrics; and 4 Finger…

Gemalto to Provide eID Solution to Swedish Tax Agency

Gemalto to Provide eID Solution to Swedish Tax Agency

Skatteverket, Sweden’s tax agency, has engaged Gemalto in a multi-year digital identity project. The agency will implement Gemalto’s eGov platform into its online services, and will offer Gemalto’s Premium Polycarbonate eID cards to citizens. The company’s eGov platform offers SSO and multi-factor authentication features that can incorporate one-time passwords, smart cards, and fingerprint recognition. Skatteverket…

EyeVerify Sees Increasing Role for Biometrics in Financial Services

EyeVerify Sees Increasing Role for Biometrics in Financial Services

“With more than 50 financial institutions having taken advantage of Eyeprint ID last year, the company says its eye vein-based mobile authentication platform represents ‘the most-integrated software biometric for mobile banking authentication.’” EyeVerify is predicting a big year for biometrics in the financial services sector. In a new blog post, the company forecasts that 2017…

Aadhaar Pay Takes Shape in India

Aadhaar Pay Takes Shape in India

Aadhaar Pay is starting to take shape and could launch imminently. The idea was announced by Indian authorities late last year as the government ramped up efforts to transform India into a cashless society. Aadhaar Pay is a kind of hybrid between mobile payments and naked payments: Customers need only to pay with biometric scans,…

Eyeprint ID Could Expand ‘Dramatically’ Across Alipay Base: EyeVerify

Eyeprint ID Could Expand ‘Dramatically’ Across Alipay Base: EyeVerify

A wide swath of Alipay users now have access to Eyeprint ID security, and the company behind the system, EyeVerify, is celebrating the deployment in a new blog post outlining the system’s advantages. An obvious one is ease of use, particularly given that Alipay already employed a facial recognition authentication system using a mobile interface…

Year in Review 2016: Top Areas of Application Pt. 1

Year in Review 2016: Top Areas of Application Pt. 1

In December we polled 165 professionals in biometrics and identity related industries about various topics from the past year. It was part of the FindBiometrics Year in Review, the longest-running and best regarded industry retrospective of its kind. Now in its 14th consecutive year, the FindBiometrics Year in Review is your resource to start 2017…

News Roundup: Liveness Detection, Public Perception

News Roundup: Liveness Detection, Public Perception

Last week at FindBiometrics we continued to examine the results of our 14th annual Year in Review survey, looking into the state of liveness detection and the public perception of biometrics. The industry news, meanwhile, spanned a wide range of modalities and applications—from fingerprints to face recognition, and financial services to enterprise ID—while we geared…

Indian Gov’t Negotiating with Banks on Aadhaar Payments Incentive Program

Indian Gov’t Negotiating with Banks on Aadhaar Payments Incentive Program

The Unique Identification Authority of India is working with banks in the country to establish incentive programs to get shopkeepers in rural areas to start accepting Aadhaar-enabled payments, reports Deccan Herald. Aadhaar is, of course, the country’s national biometric ID system, which is expanding to more and more applications, with the vast majority of the country’s…

Gemalto Wins Industry Award for ID Verification Platform

Gemalto Wins Industry Award for ID Verification Platform

Gemalto’s ID Verification solution has netted the company an ACT Canada IVIE Award in the category of Privacy by Design. Launched last spring, the ID Verification platform is aimed primary at financial institutions seeing KYC-compliant enrollment and self-service solutions. The platform can identify a wide range of ID documents in reference to a database of…

Biometric Security to be Key Focus of HSBC’s New Tech Advisory Board

Biometric Security to be Key Focus of HSBC’s New Tech Advisory Board

HSBC has announced a new Technology Advisory Board, and the exploration of biometric security is a key component of its mandate. The bank says that its new group will meet on a quarterly basis to offer guidance with respect to technology issues. It will focus on three key areas in particular: Disruption and the opportunities it offers;…

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…

Singapore FinTech Firm Pitches Naked Payments to Hospitality Sector

Singapore FinTech Firm Pitches Naked Payments to Hospitality Sector

Singapore-based FinTech firm Touche has launched a new payments platform that lets merchants accept fingerprint scans as a payment option, reports Channel NewsAsia. The system links participating customers’ fingerprints to their credit cards, allowing them to forego use of the cards themselves after registering. It just launched in Singapore with its first customer, a restaurant…

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…

HYPR Announces Biometric Security Platform for eCommerce

HYPR Announces Biometric Security Platform for eCommerce

HYPR Corp. has announced a new eCommerce security platform based on biometric authentication. It’s a software-based solution aimed Fortune 500 enterprises, and is designed to help them offer their customers a password-free online shopping experience, with biometrics based on fingerprints, face, and voice being used for authentication. The company says the system is also based…

Year in Review 2016: Biometrics Truly Feel Mainstream

Year in Review 2016: Biometrics Truly Feel Mainstream

After a year of dynamic change and massive growth for the biometrics and identity tech industries, and with CES having come to its conclusion on Sunday, we are now firmly entrenched in 2017. In December we conducted our 14th annual Year in Review survey, presented in association with SIA, and now it’s time to breakdown the…

INTERVIEW: Javier Mira, CEO & Co-founder, FacePhi

INTERVIEW: Javier Mira, CEO & Co-founder, FacePhi

Peter O’Neill, president of FindBiometrics had a chance to speak with Javier Mira, CEO and co-founder of FacePhi. The conversation starts with a review of what an excellent year 2016 has been for FacePhi, goes on to cover the challenges of deploying biometrics in the financial arena, and discusses the importance of industry events like Money20/20.…

New Payments System to Let Indian Citizens Pay with Their Fingers

New Payments System to Let Indian Citizens Pay with Their Fingers

Indian citizens will soon be able to pay for goods and services using only their fingerprints. Elaborating on a program initially announced earlier this month, the country’s Minister of Information Technology (and Law and Justice), Ravi Shankar Prasad, has announced that the government is stepping up efforts to promote payments via Aadhaar, the country’s national…

News Roundup: Fingerprint Sensors, Fingerprint Software

News Roundup: Fingerprint Sensors, Fingerprint Software

Last week at FindBiometrics we took a featured look back on the big mobile and financial market events of 2016, and the major presence biometrics played in all of them. Meanwhile the industry news was filled with fingerprints, connected cars, enterprise applications, and upgrades. Here’s a look back on last week’s top stories in global…

NuData Teams with Arvato to Develop Joint Platform

NuData Teams with Arvato to Develop Joint Platform

Germany-based financial services provider Arvato has teamed up with NuData Security to deliver to customers an enhanced anti-fraud offering, the companies have announced. While NuData has reported strong client growth with respect to its NuDetect behavioral biometrics platform, this is a different kind of partnership for the company. The companies will work together on a new…

Year in Review: Mobility and FinTech By Way of Events

Year in Review: Mobility and FinTech By Way of Events

Mobility and finance have long been major areas of excitement, innovation, and adoption in biometrics, and that trend held strong in 2016. From the get go, this year has seen substantial momentum in both areas of biometric application, and for good reason: mobility, biometrics, and financial services are positively linked. As innovations in mobility allow…

Qatar National Bank Deploys Iris Scanning ATMs

Qatar National Bank Deploys Iris Scanning ATMs

Customers of Qatar National Bank (QNB) can now access ATMs via iris scan. The technology comes by way of Iris ID. To enroll, customers simply need to register their iris biometrics at a branch, which entails a digital photo of the iris. That information is converted into a biometric template against which the customer’s irises are…

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…

News Roundup: Every Major Modality

News Roundup: Every Major Modality

Last week at FindBiometrics we started to look back on our featured coverage from 2016 as practically every major modality made headlines. Behavioral, fingerprint, face, voice, and iris biometrics—the industry news was truly multimodal and spanned a wide range of applications. Take a look at the top stories in global identity management from the week…

Indian Gov’t Announces Aadhaar Mobile Payment App

Indian Gov’t Announces Aadhaar Mobile Payment App

The Unique Identification Authority of India, or UIDAI, is getting ready to enable mobile payment transactions based on Aadhaar, the country’s national biometric ID program. Following a recent ministerial meeting on how to facilitate the Prime Minister’s Office’s promotion of digital payments, the UIDAI has announced that it will release an Android app this month…

Citi Adds New Biometric Login Options to Mobile App

Citi Adds New Biometric Login Options to Mobile App

“The new biometric login options come soon after Citi introduced Touch ID login to its Hong Kong customers, and in the wake of extensive efforts to bring voice recognition to its call-in centers.” Citi has upgraded its mobile app with new banking features and enhanced biometric security options. Available for the iPhone, the Citi Mobile…

News Roundup: Trustech 2016, Financial Biometrics, Connectivity

News Roundup: Trustech 2016, Financial Biometrics, Connectivity

Last week at FindBiometrics we brought Financial Biometrics Month to a close with an expert webinar and a roundup of November’s featured topic. In the meantime the industry news was focused on Trustech 2016, border control, smart cards, mobile integrations and much more. Here’s a look back on last week’s top stories in global identity…

Apple Pay Comes To Spain Via Banco Santander

Apple Pay Comes To Spain Via Banco Santander

Banco Santander has now enabled Apple Pay support in Spain. In so doing, it holds claim to being the first Spanish financial institution to offer Apple’s mPayment platform. It actually enabled Apple Pay in the UK last year, and offered support to rival mPayment platform Android Pay toward the end of this past summer. It…

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…

Mastercard Brings Identity Check to Brazil and Mexico

Mastercard Brings Identity Check to Brazil and Mexico

“The biometric technology comes by way of Daon’s IdentityX platform, which was recently adopted for a similar mobile biometric authentication system specialized for the South Korean market.” Mastercard has launched its Identity Check solution in Brazil and Mexico. The system allows users to authenticate for mobile transactions via facial recognition, using their smartphone cameras, or…

US Customs and Border Protection Establishes E-Commerce and Small Business Branch

US Customs and Border Protection Establishes E-Commerce and Small Business Branch

The US Customs and Border Protection agency has established a new branch that will concern itself with online commerce. In a statement announcing the E-Commerce and Small Business Branch, the CBP asserted that e-commerce sales are anticipated to exceed a value of $4 trillion by 2020, and said that the new branch “will work to…

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…

Biometric Banking Pioneer Climbs FinTech Rankings

Biometric Banking Pioneer Climbs FinTech Rankings

“The bank’s app uses facial and voice recognition for customer authentication, a move that is likely helping to raise the company’s profile as a FinTech pioneer.” Online-only financial institution Atom Bank has moved up the Fintech 100 rankings. It has now climbed from 8th to 6th on the ranking compiled by H2 Ventures and KPMG…

Visa Decries EBA’s High-Friction eCommerce Authentication Proposals

Visa Decries EBA’s High-Friction eCommerce Authentication Proposals

“There’s still time for changes to the EBA’s proposal, and the organization has solicited feedback, and received it from the likes of the FIDO Alliance, whose members by and large concern themselves with technologies aimed at both improving security and reducing friction, such as biometric authentication.” Visa is decrying European regulatory efforts to improve security…

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…

News Roundup: The Year in Review is Upon Us

News Roundup: The Year in Review is Upon Us

Last week at FindBiometrics we launched our 2016 biometrics industry Year in Review Survey as Financial Biometrics Month continued with a look at emerging solutions in banking and payments. Meanwhile, the industry news had its fair share of fingerprint sensor smartphone integrations, contactless modality reports, and enterprise solution launches. Take a look back on the…

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: 3 Exciting FinTech Solutions of Tomorrow

Financial Biometrics Month 2016: 3 Exciting FinTech Solutions of Tomorrow

If you are looking to see examples of biometrics in action, authenticating the common person and actively protecting real sensitive data, the place to look is the financial services market. Mobile wallets have taken off, enabling consumers to pay with their fingerprints, corporate banking clients scan their vein patterns to make high risk transactions through…

VeriTran Offers Sensory Biometric Authentication Solutions to Clients

VeriTran Offers Sensory Biometric Authentication Solutions to Clients

VeriTran is now taking advantage of Sensory Inc. biometric technology for its clients. The company offers technology solutions to the retail and financial industries, with a particular focus on mobile tech. It claims dozens of clients, including one of Mexico’s biggest banks; and those clients will now have access to Sensory’s TrulySecure authentication technology. That…

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