FinTech

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…

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…

‘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…

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…

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…

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,…

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…

Apple Pay Support Dramatically Expands in Russia

Apple Pay Support Dramatically Expands in Russia

Apple Pay’s base of support in Russia has dramatically expanded today, letting more Russians order products and services through their iPhones and verifying them with secure Touch ID fingerprint recognition. While the mPayment platform launched in the country almost a month ago, it was supported at launch only by Sberbank and Mastercard. Now, as MacRumors…

FIDO Celebrates Money20/20 Success

FIDO Celebrates Money20/20 Success

The FIDO Alliance is celebrating what it calls “a busy (and productive!) four days” at last week’s Money20/20 conference in a new blog post. For the authentication standards consortium, the big news was its announcement that it would work with EMVCo to develop a new authentication specification specifically for mPayments and digital wallets, a collaborative…

News Roundup: Biometrics and Identity at Money20/20

News Roundup: Biometrics and Identity at Money20/20

Last week we were in Las Vegas for Money20/20, where biometrics were bigger than ever before. As such, FinTech was the name of the game last week, but it wasn’t the only game in town. News concerning mobile fingerprint sensor integrations, government applications, and more, filled out the headlines in an exciting week for biometrics. Here’s…

Is Samsung Pay Coming to Canada Next Week?

Is Samsung Pay Coming to Canada Next Week?

Canadians will soon be scanning their fingerprints – and eventually their irises – for Samsung Pay transactions, reports AndroidCentral. To be clear, it hasn’t been officially announced by Samsung. The news came via a Twitter user who asked Samsung when the service would launch in Canada, and took a screenshot of a reply indicating that it…

Biometrics Panel Sells Out at Money20/20 – 1,000 FinTech Execs Attending

Biometrics Panel Sells Out at Money20/20 – 1,000 FinTech Execs Attending

Biometrics and Identity at Money 20/20 – Pt. 2 “The tremendous reception for FindBiometrics and Mobile ID World’s third annual biometrics panel at the world’s hottest FinTech show cements our position at the center of the financial biometrics and identity communities,” – Peter O’Neill, President, FindBiometrics and Mobile ID World On Monday at Money20/20 in Las…

Biometrics and Identity at Money20/20 – Pt. 1

Biometrics and Identity at Money20/20 – Pt. 1

This week FindBiometrics is in Las Vegas for Money20/20 2016 where biometrics are bigger than ever before. For three consecutive years we have hosted panel discussions at the major FinTech event, watching the audience steadily grow along with the number of biometrics vendors on the exhibition floor. On Monday, FindBiometrics president Peter O’Neill once again took…

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…

News Roundup: Meet Us At Money20/20

News Roundup: Meet Us At Money20/20

Last week at FindBiometrics we previewed what to expect at this week’s massive FinTech show, Money20/20. Meanwhile, the headlines were filled with fingerprint biometrics integrations, mobile eye-scanning technology, and even some controversy regarding biometrics and privacy. Here’s a look back on last week’s top biometrics news stories. Preparing For Money20/20 This week we are in…

NuData Warns of Security Threats as mPayments Grow

NuData Warns of Security Threats as mPayments Grow

NuData Security is calling attention to the digital security threats emerging with the rise of mobile payments in a new blog post. Citing a Cisco forecast, the company asserts that by 2020, 11.6 billion mobile devices will be online, and that growth tracks with mPayment adoption, with Forrester Research predicting that mPayments will total $90…

Online Money Transfer Service Embraces Biometrics

Online Money Transfer Service Embraces Biometrics

Online money transfer service Fonmoney is embracing sophisticated authentication technology including biometric identification in order to speed up its services. The online site is integrating HooYu, a platform that uses ID document verification, facial recognition, and digital footprint metrics to produce an identity score for online users. It’s a move that should help the company to…

Daon Americas President to Talk Biometrics at Money20/20

Daon Americas President to Talk Biometrics at Money20/20

Daon has announced that the president of its Americas division, Conor White, will participate in a prominent panel discussion on biometric technology at this year’s Money20/20 conference and expo in Las Vegas. It’s a high-profile session. Entitled “Biometrics Innovation & the New Password,” the panel discussion will feature other prominent speakers including Mastercard’s Ajay Bhalla, Safran…

Can Biometric Security Options Accelerate mPayment Adoption?

Can Biometric Security Options Accelerate mPayment Adoption?

Mobile payment adoption could be accelerated if businesses were willing to guarantee against mPayment fraud, according to a new study. Conducted by Oxford Economics and Charney Research on behalf of Ingenico ePayments and NTT DATA, the study will lead to a full report scheduled for publication in January, but for now NTT DATA has issued…

Biometric Security Is Key to mPayment Adoption: Javelin

Biometric Security Is Key to mPayment Adoption: Javelin

As consumer appetites for mobile payments increase, businesses are going to need to embrace security that reassures users while enabling better convenience than password- and PIN-based systems, suggests a recent report from Javelin Strategy & Research. – Join Javelin Strategy & Research, Samsung SDS America, and Mobile ID World for the biometrics webinar event of…

How Do Apple Pay and Samsung Pay Compare in Russia?

How Do Apple Pay and Samsung Pay Compare in Russia?

“Between the two, Samsung Pay has a bit of an edge.” The two most prominent mobile payment platforms are now available in Russia. Samsung Pay launched in the country at the start of the month, and Apple Pay made its debut early this week. Between the two, Samsung Pay has a bit of an edge. Like Apple…

Trustech Announces 2016 Event Program

Trustech Announces 2016 Event Program

The Cartes smart card exhibition has been rebranded under the Trustech umbrella, and will take place starting November 29th, organizers have announced. The event is expected to attract 18,000 attendees from around the world, and will feature big-name speakers including Tesla Motors co-founder and CTO J.B. Straubel and poker star Caspar Berry, among others. There will…

INTERVIEW: Samsung SDS America’s Approach to Biometrics

INTERVIEW: Samsung SDS America’s Approach to Biometrics

FindBiometrics President Peter O’Neill recently interviewed  Richard Lobovsky, VP of Financial Services Solutions, and Shankar Saibabu, Director of Financial Services Solutions Architecture, Samsung SDS America, Inc. The conversation is an in depth examination of Samsung SDS America’s approach to biometrics. It begins with a discussion of the company’s recently launched FIDO Certified biometric authentication solution. It goes on to…

Samsung Pay Receives Iris Scanning Upgrade

Samsung Pay Receives Iris Scanning Upgrade

“Consumers need only to look at their phone to confirm transactions, which could make mPayments an even easier way to pay.” With a new software update, iris-based transaction verification has arrived to the Samsung Pay mobile payment platform. It comes by way of Samsung’s Galaxy Note7 smartphone. While it isn’t the first mobile device to…

Iris Scanning May Be Next Wave Of Mobile Biometrics

Iris Scanning May Be Next Wave Of Mobile Biometrics

Despite its massive recall, Samsung’s Galaxy Note7 smartphone could help to pioneer the next wave in mobile biometrics—iris scanning. That’s a potential implication of a new forecast from ABI Research. Citing the high-profile Note7, the firm predicts that in 2o21, the number of smartphones shipping with iris scanning technology will come to nearly 300 million.…

Survey Data Shows Rising Interest in FinTech Biometrics Among Brits

Survey Data Shows Rising Interest in FinTech Biometrics Among Brits

Britons are developing a taste for biometric authentication, and trust banks more than ever to keep that data safe, according to new survey data from Visa. The findings are part of a larger, Europe-wide study conducted for Visa by Populus, with roughly 2,000 Brits offering their opinions this past spring. About 64 percent of respondents…

Apple Pay Finally Comes To The Web

Apple Pay Finally Comes To The Web

True to Apple’s promises, its mPayment platform is starting to emerge on the web. BigCommerce just recently announced its support, and, as AppleInsider reports, other online merchant networks—Shopify and Stripe—have also got on board. Website building platform Squarespace has also announced web support for its hosted merchants, and home decor site Wayfair is also accepting…

Daon to Develop Biometric Authentication Platform with Japanese Banks, NTT Data

Daon to Develop Biometric Authentication Platform with Japanese Banks, NTT Data

Two Japanese financial services companies have contracted Daon, together with NTT Data Corporation, to develop multimodal biometric authentication platforms. The agreements aim to have such systems go live for Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation (SMBC) in the spring of next year. SMFG plans to use Daon’s IdentityX Platform, which has…

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…

Japanese Bank to Let Customers Use Palm Vein Biometrics Instead of Cards

Japanese Bank to Let Customers Use Palm Vein Biometrics Instead of Cards

Japan’s Ogaki Kyoritsu Bank is getting ready to offer palm vein authentication to all of its customers across Osaka, Tokai, and Tokyo, reports The Asahi Shimbun. The bank first introduced the scanners at select ATMs back in 2012, largely in response to the March 2011 earthquake and tsunami. Many customers lost their usual identification documents…

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…

Financial Biometrics Credited For Mastercard’s High Innovation Ranking

Financial Biometrics Credited For Mastercard’s High Innovation Ranking

Mastercard has suggested that its efforts in digital money were a factor in improving its ranking on Forbes’ annual World’s Most Innovative Companies list. Mastercard is once again on Forbes’ annual list of the World’s Most Innovative Companies. And what’s more, it has moved up six spots from last year’s ranking, taking the 30th spot. In a…

Korean Watchdog Head Urges Strong Security for Data Amid FinTech’s Biometrics Boom

Korean Watchdog Head Urges Strong Security for Data Amid FinTech’s Biometrics Boom

As the financial services community grows increasingly interested in biometric technologies, the head of South Korea’s Financial Supervisory Service (FSS), the sector’s national watchdog, is urging business leaders to be mindful of security issues, reports Yonhap News Agency. Speaking at a conference hosted by the Korea Institute of Finance, FSS Governor Zhin Woong-seob emphasized the need…

Cardiac Biometrics Startup Nominated for FinTech Innovation Award

Cardiac Biometrics Startup Nominated for FinTech Innovation Award

Irish biometrics startup B-Secur has been nominated in the category of Best Innovation in Financial Services at this year’s Dot IE Net Visionary Awards, organized by the Irish Internet Association. The company specializes in cardiac biometrics for authentication applications and has secured strong financial backing from investors excited about its technology. In a profile from early…

Japanese Bank Developing Facial Biometric Payments System

Japanese Bank Developing Facial Biometric Payments System

“It’s a concept similar to a fingerprint scan-based system currently being explored by the Japanese government that would allow tourists to make biometric payments during the Tokyo 2020 Olympics…” One of Japan’s biggest banks, Sumitomo Mitsui Financial Group, or SMFG, is exploring the use of facial recognition as a substitute for payment cards, reports The Yomiuri…

Gov’t, FinTech Backing Could Help Fingerprint Payments Take Off In Japan

Gov’t, FinTech Backing Could Help Fingerprint Payments Take Off In Japan

The Japanese startup developing the biometric payment technology to be used during the 2020 Olympics in Tokyo is hoping to reach a much broader market. Called Liquid Inc., the company is working on a system that would link a user’s payment account information directly to her fingerprint, thereby allowing her to confirm a purchase with…

Hong Kong Gets Apple Pay

Hong Kong Gets Apple Pay

Apple Pay launched in Hong Kong yesterday, mere hours after it went live in France. The mobile payments service arrives in Hong Kong with the support of Visa, Mastercard, American Express, and domestic banks Bank of China, DBS, Hang Seng Bank, HSBC, and Standard Chartered. The service also launches with the support of 40 major…

Samsung Pay Will Launch in Brazil Next Week

Samsung Pay Will Launch in Brazil Next Week

“With Samsung Pay having launched in Australia, Singapore, and Spain in just the last couple of months, the mPayment service seems to be enjoying some momentum in its international expansion efforts.” Samsung Pay will launch in Brazil next week, Samsung has announced. The mPayment platform will go live in the country on July 19th. Brazil…

New Partnership Extends Reach of Touch ID ATM Access System

New Partnership Extends Reach of Touch ID ATM Access System

More Americans will soon get biometric ATM access thanks to a new partnership between FIS and Payment Alliance International. The latter is America’s largest private provider of ATM processing and equipment services, with tens of thousands of ATMs across the country. With its new agreement with FIS, PAI will bring the FIS Cardless Cash solution…

Apple Pay Has Launched in Switzerland

Apple Pay Has Launched in Switzerland

Apple Pay has launched in Switzerland. It’s the seventh country in which the mPayment service is now in operation, joining Australia, Canada, China, Singapore, the UK, and the US. Apple Pay arrives in Switzerland with the support of MasterCard and Visa, and payment cards issued by BonusCard, Cornèrcard, and Swiss Bankers. Domestic merchants supporting Apple Pay include Avec,…

News Roundup: Law Enforcement, Cold Cases, Controversy

News Roundup: Law Enforcement, Cold Cases, Controversy

Last week at FindBiometrics we looked back on the trends we observed at this year’s Mobile World Congress (MWC) Shanghai while bringing you two interviews with industry leading experts. The industry news was filled with headlines concerning national ID, mobile fingerprint biometrics, and voice controlled smart glasses, as controversy was brewing in the law enforcement space. Here…

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…

INTERVIEW: Rich Agostinelli, CEO, Crossmatch

INTERVIEW: Rich Agostinelli, CEO, Crossmatch

FindBiometrics president Peter O’Neill recently spoke with Rich Agostinelli, CEO, Crossmatch. The conversation begins with recognition of the company’s 20th anniversary and an overview of Crossmatch’s efforts to reorganize into two distinct business segments. The interview then goes on to deal with Crossmatch’s involvement in two extremely important vertical markets right now—FinTech and refugee ID programs—before concluding…

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…

Pages