“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…
HSBC has become the latest financial services organization to let iPhone X users login to their corporate accounts using Face ID, the device’s sophisticated 3D facial recognition system. The bank’s support for Face ID comes after Discover enabled Face ID login for its cardholders in December, and Singapore’s OCBC enabled Face ID authentication a month…
“FacePhi’s solution is designed to leverage a standard smartphone camera to capture a user’s facial biometrics and match them against their identity documents.” FacePhi has sealed its 22nd contract, the company has announced, with a new client in Bancro Macro of Argentina. The bank has incorporated FacePhi’s biometric onboarding solution with the help of Compusistem,…
“Seeking to seize the opportunity, HID Global has announced that it will demo its solutions at Expo Seguridad Mexico, a major security exhibition slated to run from April 24th to 26th in Mexico City.” HID Global is looking to put its biometric solutions front of mind for financial institutions in Mexico as they prepare for the…
“The company’s IdentityX platform, which supports fingerprint, facial, and voice recognition on smartphones and tablets, has proven widely popular across the financial services landscape as business is increasingly being transacted through mobile devices…’” Daon is celebrating the success of a biometric authentication solution based on FIDO Alliance standards to customers of a Hong Kong bank,…
Another new client has come around to the BIO-key solution for IT security: The company has announced that a community bank is embracing its ID Director for Windows solution for access to internal assets. In a statement announcing the new deal, BIO-key did not name the bank in question, but said that it has “hundreds…
“The company said that Nordea’s internal security upgrade is “a critical first step” in a larger enterprise transformation…” Nordic bank Nordea is replacing passwords with biometric security for its internal assets, with Veridium announcing that the effort will revolved around its 4 Fingers TouchlessID and VeridiumAD solutions. In a statement, Veridium explained that Nordea employees…