Financial

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…

Momentum Continues in Financial Biometrics – Sign Up Now For Our Webinar

Momentum Continues in Financial Biometrics – Sign Up Now For Our Webinar

We’re about halfway through Financial Biometrics Month, and the industry’s momentum continues as we speed toward the Biometrics Beyond Payments webinar. In just the last couple of weeks, Citibank has expanded its embrace of biometric authentication beyond voice recognition for its call-in centers and is now leveraging Touch ID for fingerprint authentication on its mobile…

NEC Banks on Biometrics for Singapore FinTech Festival Showing

NEC Banks on Biometrics for Singapore FinTech Festival Showing

NEC is going to show off some of its latest innovative technologies at this week’s Singapore FinTech Festival. Its facial recognition technology will underpin some of the major items on the docket. NEC plans to showcase how this technology can be used for mobile authentication – an application of increasing interest to a number of…

News Roundup: European Biometric Initiatives

News Roundup: European Biometric Initiatives

Last week at FindBiometrics we examined the rise of selfie authentication in biometric FinTech as we continued our November-long featured focus on finance. The industry news, meanwhile, was filled with fingerprint innovations, biometric smart card news, border control, European biometrics initiatives and much, much more. Here’s a look back on the top stories in identity management…

‘Sandbox’ Environment Fosters FinTech Innovation in Hong Kong

‘Sandbox’ Environment Fosters FinTech Innovation in Hong Kong

“…two banks have now applied to use it for the trialing of biometric authentication technologies for use in securities trading.” A new effort by Hong Kong authorities to help foster innovation in the territory’s banking sector is starting to pay off. Dubbed a ‘sandbox’ by regulators with the Hong Kong Monetary Authority, it’s essentially a…

Visa, BioConnect Working to Eliminate Password on Mobile

Visa, BioConnect Working to Eliminate Password on Mobile

Visa is working with BioConnect to fully replace PIN and password security on its mobile apps with multimodal biometrics, the company has announced. The aim is to enable a system that can leverage a number of different modalities, including fingerprint, iris, face, and voice recognition, in various combinations. If one of those modalities isn’t working…

NEC Bringing Biometric Retail Analytics Solution To NRF Big Show

NEC Bringing Biometric Retail Analytics Solution To NRF Big Show

NEC Smart Enterprise is a solution designed to analyze shopper demographics while also analyzing shoppers’ flow through the retail environment and associated measures. NEC is going to pitch its biometric shopper analytics solutions at this year’s National Retail Federation Big Show. Some elements of its showing might feel a little familiar to some attendees. NEC…

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…

ImageWare to Issue Q3 Update November 14

ImageWare to Issue Q3 Update November 14

Biometric identity solutions provider ImageWare Systems has set a date for its Q3 update. The company will post its results on November 14th, and CEO Jim Miller and CFO Wayne Wetherell will host a conference call that same day to discuss the results. In its previous quarterly update, the company reported revenues of about $1…

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…

IDEX Appoints Investor Relations Head Amid ‘Increasing Interest’ from Financial Market

IDEX Appoints Investor Relations Head Amid ‘Increasing Interest’ from Financial Market

IDEX has appointed a new Director of Investor Relations and Communications. Charlotte Knudsen joins the company from a previous stint as Norway-based Electromagnetic Geoservices’ Head of IR. She also held a corporate communications position at Crux Communications, and was a Hugin’s Business Manager before that. In a statement announcing Knudsen’s appointment, IDEX CEO Dr. Hemant…

News Roundup: November is Financial Biometrics Month

News Roundup: November is Financial Biometrics Month

Last week at FindBiometrics we kicked off Financial Biometrics Month 2016 while in-display fingerprint sensors made headlines. Contactless biometrics were in the news too, as we talked automated driving tests, contactless modalities, and the places consumers are still in need of strong authentication. Here’s a look back on last week’s top stories in global identity management:  –Register…

BFSI Biometrics to See CAGR of Almost 20 Percent Through 2020: Technavio

BFSI Biometrics to See CAGR of Almost 20 Percent Through 2020: Technavio

Technavio expects strong growth for the BFSI biometrics market. In a new report, the market research firm predicts growth of almost 20 percent for the next three years. In a report synopsis, Technavio highlighted the proliferation of smartphone fingerprint sensors as a factor in the BFSI biometrics market, and indeed, many companies have embraced Apple’s Touch ID…

WATCH: Samsung SDS America Addresses FinServ Biometrics Concerns

WATCH: Samsung SDS America Addresses FinServ Biometrics Concerns

On November 2, 2016, our sister site Mobile ID World and Samsung SDS America hosted the online biometric FinServ event of the year, FinServ in the New Age of Identity: Addressing Your Biometrics Concerns. Bringing together leading experts in biometrics and financial services, the 45 minute webcast started with a market overview conducted by Javelin…

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…

FinTech Webinar to Continue Money20/20 Momentum

FinTech Webinar to Continue Money20/20 Momentum

With the recent Money20/20 expo in Las Vegas having further stoked the financial services industry’s excitement over biometric authentication and security, a new webinar is going to help clarify exactly what’s going on as these sectors intersect. Entitled ‘Biometrics Beyond Payments: Multi-Factor Security and the Fight Against Fraud‘, the event will take place on Wednesday,…

Bitcoin Exchange Gets Biometric Authentication

Bitcoin Exchange Gets Biometric Authentication

A cryptocurrency exchange service is taking advantage of biometrics to foster a sense of security among users. The service, Coinbase, facilitates the trade of the Bitcoin and Ethereum digital currencies. The company says that because the value of these currencies is determined by the free online market, there’s a heightened risk of fraud, and as…

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