banking

INTERVIEW: Christian Fredrikson, President and CEO, Fingerprint Cards

INTERVIEW: Christian Fredrikson, President and CEO, Fingerprint Cards

Fingerprint Cards is a prolific biometric technology vendor, with its fingerprint sensors shipping on 300 smartphone models. But mobile fingerprint scanning is only part of the equation for the company that aims to be a leading biometric company – FPC became a multimodal biometrics provider last year with the acquisition of Delta ID, and the…

Bank of Cyprus Biometric Cards Use FPC Sensors

Bank of Cyprus Biometric Cards Use FPC Sensors

The Bank of Cyprus’s pioneering biometric bank cards initiative is using fingerprint sensors provided by Sweden-based Fingerprint Cards, the latter has announced. It’s a project spearheaded by Gemalto, which announced near the start of this month that Bank of Cyprus customers would be among the first in the world to benefit from biometric payment card…

Gemalto to Launch Biometric Dual Interface Payment Cards for Bank of Cyprus

Gemalto to Launch Biometric Dual Interface Payment Cards for Bank of Cyprus

Gemalto is going to provide biometric payment cards for the Bank of Cyprus, the company has announced. The payment cards will feature embedded fingerprint sensors, and will support chip-based and contactless payments. Bank of Cyprus customers will be able to enroll their biometrics for their new payment cards at bank branches, and will thereafter be…

Countingup Embraces Biometrics With HooYu

Countingup Embraces Biometrics With HooYu

“…it uses facial recognition and ID document validation, and also leverages other authentication mechanisms including address and digital footprint checks, to help ensure that businesses are complying with KYC and AML regulations.” A new financial services app for small businesses and entrepreneurs in the UK is embracing biometrics and other sophisticated identity verification technologies from…

With VisionLabs Stake, Sberbank Takes First Step Toward Multimodal Biometric Platform

With VisionLabs Stake, Sberbank Takes First Step Toward Multimodal Biometric Platform

“In a statement announcing the deal, Sberbank asserted that its aim is to ultimately incorporate facial, voice, and retina recognition in its biometric identification platform…” A major Russian bank is looking to build a multimodal biometric authentication platform, and has taken the first step in that direction with a new partnership with VisionLabs. Sberbank has…

Financial Biometrics Month: Evolving Multimodality in Mobile Banking

Financial Biometrics Month: Evolving Multimodality in Mobile Banking

Today’s biometric banking arena is a multifaceted and complex space, especially when observed from the consumer touch-points. Branches, ATMs, call centers, online portals, and mobile apps all offer the biometric experience in terms of security and convenience, thanks to fingerprint, voice, vein pattern, iris, and behavioral recognition technologies. Indeed, as or the writing of this…

Biometrics Come To COMBANK Via Fiserv

Biometrics Come To COMBANK Via Fiserv

Commercial Bank of Ceylon (or ‘COMBANK’), a major Sri Lankan bank, is about to get an IT upgrade from Fiserv, the latter has announced. The bank will implement Fiserv’s DigitalAccess platform. The new digital banking solution will support multiple local languages including Sinhala, Tamil, Bengali, and Divehi. As for functionality, it will allow customers to…

BBVA Embraces Samsung Pass For Biometric User Authentication

BBVA Embraces Samsung Pass For Biometric User Authentication

BBVA has become the first Spanish bank to embrace Samsung Pass for user authentication, allowing customers to log into their accounts with Samsung’s biometric technology. Samsung first announced its Samsung Pass platform ahead of the launch of its Note7 smartphone, envisioning it as a master key for online banking and other digital services that would…

New Biometric Banking Solution to Enter Pilot Trial in December

New Biometric Banking Solution to Enter Pilot Trial in December

A new biometric authentication solution for mobile banking applications is about get go into a pilot test. The solution, CardLok, comes from New York-based Ipsidy. It’s a multi-factor biometric authentication platform designed specifically for use by financial institutions. It’s going to be trialed this December by Miami-based Intercredit Bank, N.A., which will offer it to…

Kony Announces One-Stop-Shop for Digital Banking Solutions

Kony Announces One-Stop-Shop for Digital Banking Solutions

Kony, a developer of apps for the enterprise, has announced a new curated selection of digital banking solutions aimed at helping clients get the services and capabilities they need more quickly. Called the Kony Digital Banking Marketplace, the platform offers solutions from a range of partner companies. Jumio’s Optical Character Recognition technology is featured, for…

NFC and Biometrics Facilitate Digital Bank Branch in Brazil

NFC and Biometrics Facilitate Digital Bank Branch in Brazil

A new digital-focused bank branch in Brazil is going to be a showcase for sophisticated technology from Diebold Nixdorf. The Saque e Pague branch will not feature live tellers, offering in their place digital services facilitated by NFC communication and biometric authentication technologies. At the same time, two-way video assistance will be available for more complex…

OCBC Bank Embraces Face ID For Mobile Login

OCBC Bank Embraces Face ID For Mobile Login

Apple’s iPhone X has only just hit store shelves, and a new banking app that takes advantage of its new Face ID authentication system has already arrived. Singapore’s OCBC Bank has announced OCBC OneLook, a new authentication system compatible with its OCBC Mobile Banking, OCBC OneWealth, OCBC Business Mobile Banking and OCBC Pay Anyone mobile apps.…

Bank Independent To Offer Enacomm’s Voice Authentication

Bank Independent To Offer Enacomm’s Voice Authentication

Enacomm is bringing voice-based authentication to customers of Bank Independent, a financial services organization with 28 branches across northern Alabama. The solution’s announcement arrives on the heels of a new report from a Frost & Sullivan analyst lauding the benefits of voice-based authentication security when deployed in appropriate contexts. For its part, Enacomm claims its…

ConnexiCore To Offer Enacomm’s Biometric Banking Solutions

ConnexiCore To Offer Enacomm’s Biometric Banking Solutions

A new partner is going to help promote Enacomm technology in the financial services market. The company has announced that ConnexiCore, a consultancy specializing in that area, will offer Enacomm’s Virtual Personal Assistant (VPA) and Enacomm Financial Suite (EFS) solutions to its bank and credit union clients. Given Enacomm’s history as an early adopter of…

Indonesian Bank Deploys NICE Voice Recognition in Call Centers

Indonesian Bank Deploys NICE Voice Recognition in Call Centers

Indonesia’s Permata Bank has become the country’s first domestic bank to implement voice-based authentication for its customers, thanks to NICE technology. The bank is using NICE Real-Time Authentication, a system designed to identify customers calling into the organization through the voice biometrics evident in their natural speech, enabling passive and unobtrusive authentication. It’s a system…

HSBC Embraces FacePhi Technology For Facial Recognition

HSBC Embraces FacePhi Technology For Facial Recognition

“In a statement announcing its partnership with HSBC, FacePhi emphasized that Euromoney magazine recently named HSBC the “World’s best bank”, suggesting that its embrace of biometric technology has helped to burnish its profile.” HSBC customers will soon be able to log in to their mobile apps via facial recognition, thanks to a new partnership with…

U.S. Bank Customers Can Pay Bills By Voice Command Using Alexa

U.S. Bank Customers Can Pay Bills By Voice Command Using Alexa

“To enable the feature, customers must have an Amazon Echo, Echo Dot, or Amazon Tap speaker, as well as an Amazon account and the Alexa smartphone app.” U.S. Bank has launched a new function for customers who own Amazon Alexa devices allowing them to check balances and make payments by voice command. The nationwide launch…

Mexico’s Banking Authority Announces Biometric Authentication Requirement

Mexico’s Banking Authority Announces Biometric Authentication Requirement

“The move is likely to spur a regional biometrics industry that is already highly active in the financial services sector.” Mexico’s National Banking and Security Commission (CNBV) has issued a new regulation requiring all banks in the country to implement fingerprint scanners for clients within the next 12 months, reports Riviera Maya News. Banks will…

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