banking

HID Global Seeks to Seize Opportunity of Mexico’s Biometric Banking Regulations

HID Global Seeks to Seize Opportunity of Mexico’s Biometric Banking Regulations

“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…

Daon Builds on Success in Hong Kong Banking Sector

Daon Builds on Success in Hong Kong Banking Sector

“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,…

Bank Embraces BIO-key Security After Passwords Compromised

Bank Embraces BIO-key Security After Passwords Compromised

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…

Nordic Bank Embraces Veridium Biometric Security for Sensitive Assets

Nordic Bank Embraces Veridium Biometric Security for Sensitive Assets

“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…

Arya Gets Support for Fingerprint Recognition and Face ID

Arya Gets Support for Fingerprint Recognition and Face ID

Mobile banking platform Arya now supports fingerprint and facial recognition. Developed by VSoft Corporation, Arya is meant to offer an open platform that can be leveraged by various financial services organizations to enable easy, straightforward banking services on end users’ mobile devices. Accordingly, VSoft sought out an intuitive, easy-to-use means of authentication security, and found…

FacePhi Reports 307% Profit Increase for 2017

FacePhi Reports 307% Profit Increase for 2017

“FacePhi says it now has 21 banks among its client roster, including two of the world’s biggest institutions, HSBC and ICBC.” Spain-based mobile biometrics specialist FacePhi saw a 307 percent increase in profit last year, the company has announced. FacePhi’s business revolves around the financial services sector, where its technology has been embraced for mobile…

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.…

Pages