A public bank in Taiwan is upgrading its security capabilities with edge AI facial recognition technology from Kneron. The agreement came about thanks to Kneron’s arrangement with its systems integration partner, Tung-I Information Service (TIIS). The deal specifically concerns Kneron’s Facial Recognition Solution, which will be deployed for attendance management and access control at the…
Unisys has released the results of its 2019 Asia Pacific Banking study, finding that customers in the Philippines place the most trust in banks as an institution. They also considered security to be the single most important factor when choosing where to bank. Digging into the numbers, 63 percent of respondents named security as a…
The Women’s Micro Bank and the UN’s Pacific Financial Inclusion Programme are rolling out a new biometric banking system to make financial services more accessible to women in rural Papua New Guinea. The system is essentially a network of kiosks dubbed Mama Access Points – or MAPs – each of which is equipped with a…
Money20/20 USA brought the biometrics industry to Las Vegas this week, where digital ID and strong authentication were so integral to the conversations, panels and exhibitions that it truly felt like an important milestone in identity. For years, FindBiometrics has been helping to facilitate the biometrics presence at the Money20/20 conference, so it always serves…
FindBiometrics President Peter O’Neill recently spoke with Will Summerlin, Founder and CEO, Pinn. The interview begins with an overview of the company’s background, as well as the authentication challenges it was founded to address, and Summerlin provides some insight into the company’s security offerings. The conversation shifts to talk of the rise in behavioral biometrics, their…
When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…
“Our goal is to help design a new banking model, using our biometric authentication technology to bring the unbanked into the financial services system. Additionally, over time, improve their circumstances, making it possible to open a bank account, apply for credit, and achieve a level of financial stability.” – Lori Cohen, CMO, Veridium Veridium has been…
“The technology replaces passwords and security questions, operating as the bank’s customers speak with its service representatives.” The Czech Republic’s biggest bank is now the country’s first to use voice authentication for customers, thanks to Nuance Communications. The company has announced that Česká spořitelna is now using its Security Suite solution to verify customers’ identities when…
“Our partnership with Tradelink continues to make a significant impact in the financial and banking industry throughout Hong Kong.” – Tom Grissen, CEO, Daon Daon is celebrating another successful deployment of its biometric authentication solution in collaboration with its Hong Kong partner, Tradelink. The companies have developed a password replacement solution for customers of Dah…
Goode Intelligence is predicting some serious growth for biometric technology in the banking sector. In a new report entitled “Biometrics for Banking: Market & Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition,” the market research firm predicts that by the end of 2020, 1.9 billion bank customers around the world will be using…
This year’s Money20/20 Europe is a wrap, and as always, the event offered a lot to take in. At its new home in the RAI in Amsterdam, Money20/20 Europe attracted more than 5,000 attendees from over 1,500 companies as well as major media attention, and covered innovations in a wide range of areas, from AI…
“The development comes about a year after Veridium upgraded the VeridiumID platform to support biometric authentication through mobile apps, and about a month after it enabled VeridiumID support for Citrix Cloud and other Azure Active Directory apps.” A major Swiss bank is going to use VeridiumID across its entire enterprise environment. In a statement announcing…
“…Itsme is designed to let citizens sign up with biometric registration, and to then connect with government services online for things like tax payments and accessing pension subsidies, perform online banking, and access services from their MNOs.” Gemalto is taking the opportunity of this week’s Money20/20 Europe event to celebrate its success with a mobile…
With consumers getting more and more familiar with mobile facial recognition technology thanks to commercial products like Apple’s face-scanning iPhone X, and increasingly doing things like banking and shopping online, various financial services organizations are showing interest in customer verification solutions like that of FacePhi. The company’s system is designed to use a standard mobile…
![INTERVIEW: Pat Patel, Content Director, Money20/20 [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/M2020EU18-Big-Top-e1528128533356.jpg)
We’re off to Amsterdam for Money20/20 Europe 2018, where we will be reporting from live next week, covering all the keynotes, panels and biometric FinTech announcements out of Europe’s most exiting financial industry conference. In preparation for this year’s event, FindBiometrics Managing Editor Peter Counter caught up with Pat Patel, Content Director for Money20/20. The conversation…
The biometrics industry as a whole has enjoyed considerable growth in recent years, and not least in the financial services sector. More and more banking and other financial transactions are being done online, and fraudsters have followed suit, launching ever-more sophisticated attacks. As the risk of digital fraud and theft has escalated, many organizations have…
Singapore’s OCBC bank is teaming up with Touché on a pioneering naked payments initiative. Touché first announced its biometric payments system at the beginning of last year. It’s designed to link fingerprint biometrics to credit card information, essentially replacing the physical card with a biometric scan at the point of sale. It’s a groundbreaking new…
“…a citizen can walk up to an MOM ATM and scan their finger, and then the ATM will match their biometrics to their Aadhaar profile, and any associated bank accounts.” Indian citizens can now withdraw cash from ATMs with a simple fingerprint scan, and no need for a physical banking card. The biometric ATMs come…
In cooperation with Mastercard, the National Bank of Kuwait will lead the first biometric payment card trial in the GCC, an economic bloc that also includes Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Oman. The news comes amid a flurry of activity concerning biometric payment card pilots in the region. In the middle…