UK-based TSB Bank is set to become the first bank in Europe to embrace mobile iris scanning for mobile app login. The login feature for the bank’s mobile app starting this September, allowing users of Samsung Galaxy S8 and S8+ smartphones to access their accounts via iris scan. In announcing the new login feature, the…
“Barclays, HSBC, Orange, OT-Morpho, the Open Identity Exchange, and the UK Government Digital Service are all involved.” A consortium of some of the biggest names in FinTech and digital security is getting ready to trial a cross-national banking project in the European Union. The aim is essentially to develop and test a secure and convenient…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Banking With a Selfie in Argentina ICBC, the largest bank in the world by asset volume, recently embraced facial recognition based security at its Argentinian subsidiary. The biometric security comes via…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. The Obstacle of Technophobia A new research report from HSBC, Trust in Technology, asserts that the biggest obstacle facing the mainstream adoption of biometrics in FinTech is consumer technophobia based on…
India’s Supreme Court has weighed in on the government’s controversial plan to link tax filing to Aadhaar, the country’s national biometric ID program. The central government had sought to link Aadhaar to the Permanent Account Number (PAN) cards that are currently used to file taxes, arguing that they are highly vulnerable to fraud on their…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID and finance. It is powered by FindBiometrics and Money20/20. LG Pay Launches in South Korea After years of speculation and waiting, a new mobile payments platform entered the pay-with-your phone market in South Korea last week. LG Pay, the long-rumored…
ICICI, India’s biggest private sector bank, has launched a new mobile app for remittance transfers that features biometric security. The app is called Money2India, or M2I, and is aimed at non-resident Indians (NRIs). It’s designed to let users perform money transfers in just a few clicks for frequent transactions, and it also allows for bill…
New survey data suggests a growing appetite for biometric authentication in banking and payments. The data comes by way of EyeVerify and its recent online poll of 1,002 American adults, published in a new report entitled The Retail Banking Biometrics Confidence Report. Seventy-nine percent of respondents said they wanted to be able to use biometric…
The UK’s Lloyds Banking Group has partnered with Microsoft to enable secure login for customers using Windows Hello biometric authentication. While the bank was relatively slow to come around to the Apple Pay mobile payment platform in 2015, it’s evidently eager to be at the forefront of new security technologies like the biometric authentication capabilities…
The Indian government’s tax agency has announced that individuals who opened bank accounts between July of 2014 and August of 2015 will need to link their accounts to their Aadhaar numbers. The move represents another significant expansion of India’s biometric national ID program which is increasingly being used for authentication in the country’s financial services…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID and finance. It is powered by FindBiometrics and Money20/20. Samsung Pay Launches in UAE Samsung Pay has come to the United Arab Emirates. Initially arriving via an early access program, Mastercard quickly announced its support for Samsung’s contactless mobile wallet in the…
Japan’s Sumitomo Mitsui bank is getting ready to launch a mobile biometric authentication app developed in collaboration with NTT Data Corporation and Ireland-based Daon. The work was first announced last autumn, with the organizations planning to leverage Daon’s Identity X Platform, a multimodal biometric authentication system that has seen other successful mobile deployments in partnership…
Greenfield, Wisconsin-based PyraMax Bank is ready to embrace biometric customer authentication with the help of FinTech consultancy Fiserv. It’s part of a larger collaboration between the organizations, with PyraMax having selected Fiserv to upgrade its retail banking with its DNA account processing platform. Along with DNA, Fiserv will bring to the table its Verifast: Palm…
“…with the remarkable success of its IdentityX deployment in the mobile app of American bank USAA, Daon has gone on to work with heavyweights like Mastercard and has become one of the most notable success stories of the mobile biometrics revolution.” Daon‘s mobile biometrics technology has found its way into a big new deployment in the…
Almost half of USAA’s mobile users are taking advantage of biometric authentication to log in on their phones, reports San Antonio Business Journal. The technology comes by way of Daon and its IdentityX platform, offering users the choice to authenticate via fingerprint scan, or facial or voice recognition. USAA, a bank focused on serving the…
Mobile biometric technology is more than just unlocking your smartphone with your fingerprint, face, or iris. Many of the same innovations that have made biometrics flexible and affordable enough to integrate into consumer-facing hardware have also allowed for strong biometric identity to become a more prominent aspect of vertical markets on a global scale. This week,…
“The accreditation comes at a time of growing interest in biometric authentication technologies among banks around the world, and of increasing activity in Brazil’s IT security sector.” Industry consultancy UL says that its São Paulo lab has received accreditation from the country’s leading association of banks for its expertise in biometrics. The accreditation means that UL…
Unisys has announced a new digital banking platform meant to facilitate a broad range of services via mobile device or desktop, and featuring biometric security. Called Elevate, the platform is targeted at financial institutions seeking to offer cutting-edge digital and mobile banking technology to their customers, enabling everything from paying bills to applying for mortgages. The solution…
Dubai-based bank Emirates NBD is taking advantage of biometrics to better serve branch visitors, reports Finextra. The bank is equipping specially-assigned customer service agents with tablet devices equipped with biometric identification technology that will allow them to identify customers with respect to the data connected to their Emirates Identity Authority Cards. The aim is to…
A new bank in Pakistan, MCB Islamic Bank Limited, is going to offer customers biometric self-service with Diebold Nixdorf technology. The bank says each of its new branches across the country will feature the technology. In a statement announcing the move, MCB Islamic Bank explained that its goals include “expanding access to financial services and reaching…
Synaptics’ VFS7500S fingerprint authentication solution has become the first such device to receive full certification from China’s Banking Card Test Center (BCTC). The certification could open important paths for Synaptics in the China market. The BCTC was established by China UnionPay (CUP), the country’s major domestic bank network. In announcing the BCTC certification, Synaptics asserted…
With the help of Diebold Nixdorf, Saudi Arabia’s Al Rajhi Bank has introduced a self-service terminal that uses biometric technology to authenticate the individuals. The kiosks’ authentication process entails a simple fingerprint scan; once complete, individuals can have new debit cards printed, as well as check books, statements, and remittances. They can even get started opening…
“The launch of the system in India follows recent deployments in the Philippines and Malaysia…” Citibank has brought its voice-based authentication system to India, the bank has announced. The system identifies customers calling the bank’s phone lines via voice biometrics, rather than through security questions or PINs. The aim is to improve the customer experience…
Customers of Japan’s Sumitomo bank may soon be able to pay with their faces. NEC Corporation has announced that it has teamed up with Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation (SMBC), and Sumitomo Mitsui Card to trial contactless payment systems based on facial recognition over the coming weeks. One trial has already…
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…
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…
“But new technologies are emerging that could provide alternative options to people like Mr. Wu.” Multiple banks in China denied an armless citizen a loan because he wasn’t able to provide fingerprints, according to a BBC report. Twenty-five-year-old educator Wu Jianping lost his arms as a child after suffering a serious electrical shock. He’s still able…
“The system continuously monitors behavioral metrics including a user’s finger size and the pressure of the user’s touch to enable passive authentication…” An Israel-based bank has become the first in the world to embrace behavioral biometrics as a password replacement on mobile devices. Leumi Card, a credit card subsidiary of Bank Leumi, has been trialing…
A UK bank serving more than 14 million customers has been testing BioCatch’s behavioral biometrics technology and is getting ready to expand its use. NatWest has been trialing the tech with some of its business customers since the start of the year, and it’s evidently going well. In a statement, NatWest Chief Administrative Officer Simon…
While the first big wave of personal biometric finance was the fingerprint biometrics enabled mobile wallet, the world of commerce, especially mobile commerce, has diversified in terms of modality and application. One of the biometric modalities that has gained a great deal of traction in mobile finance is facial recognition, but from the way it…
“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…
Bank customers are growing increasingly interested in iris scanning authentication, according to digital banking platform developer Intelligent Environments. Citing its own recent survey data, the company says that 60 percent of its respondents said they would consider using iris scanning, compared to 33 percent who said the same in 2014. Other biometric technologies are on the…
November is Financial Biometrics Month at FindBiometrics, so for the next four weeks we will be examining strong authentication and identity tech in commerce. To kick things off, we have compiled a primer to serve as a snapshot of the biometrics in financial landscape. Read on to get up to speed on the world of…
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…
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…
ImageWare has teamed up with banking digitization specialist Aurionpro, which will integrate its GoVerifyID biometric authentication platform into its Digital Branch DX — multi-service Kiosk. It’s a move that could help GoVerifyID reach a number of new customers, with Aurionpro planning to offer the companies’ combined solution to its own customers. Aurionpro’s headquarters are split…
The Money20/20 conference kicks off today in Las Vegas, with digital security and biometric solutions in particular expected to once again be hot topics. Digital security companies are planning some big showings, of course. STC Group, represented in the US by SpeechPro, will show off its OnePass multimodal authentication system and its VoiceKey voice recognition…
Another South Korean bank has signed on for iris-based authentication for customers via Samsung’s Galaxy Note7 smartphone. According to a new report from Yonhap News Agency, the support is coming soon, with an unnamed bank official telling the news agency that “[l]ast-minute preparations have been underway to link our mobile banking services to the iris-recognition capability” of the…
Last week at FindBiometrics we continued to explore the world of law enforcement biometrics while acquisitions, both speculative and real, brought some excitement to the industry news. Fingerprints, facial recognition, and iris biometrics all made headlines, while an interview gave insight into the one of the newest big names in biometrics. – Sign up now…
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…
As concerns rise over mobile banking malware, Nok Nok Labs is highlighting the advantages that its authentication strategies—and those of the FIDO Alliance—offer in combating related fraud. Written in response to a Wall Street Journal feature on such security issues, a new blog post by Todd Thiemann on Nok Nok Labs’ website points out FIDO’s approach…
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…
“…an AI virtual assistant is now available to chat with customers through the USAA website.” USAA, a financial services organization catering to current and former members of the US armed forces, has announced some sophisticated new technology that should help to make life a little easier for its customers. One such offering is a new…
Citibank has become the first bank in Malaysia to launch a voice recognition system for customer authentication, reports the New Straits Times. It’s part of Citi’s ambitious plan to become the first bank to enable such a system throughout the entire APAC region, having already deployed the technology in Taiwan, Hong Kong, Singapore, and Australia. Speaking…
Standard Chartered bank has announced ambitious plans to roll out biometric authentication systems for clients across Africa, Asia, and the Middle East over the coming months. One of those systems is fingerprint-based login on mobile devices. With touch login already live in the UAE and India, Standard Chartered says biometric authentication via iOS or Android…
Excitement is building for Samsung’s Galaxy Note7 device in its home country of South Korea. Officially unveiled at launch events around the world last Tuesday, the device has already garnered over 200,000 preorders. As The Korea Herald reports, that’s double the preorders that came in for Galaxy S7 smartphones launched earlier this year. That could…
Two South Korean banks are already preparing to take advantage of the iris scanning capability of Samsung’s latest flagship mobile device. KEB Hana Bank and Woori Bank have announced that they will allow customers to access mobile accounts via the Galaxy Note7’s iris scanning feature. Many banks already support mobile biometric authentication via fingerprint scan,…
“The voice authentication system acts as a replacement for passwords and security questions, and thus should help to cut down call times.” Barclays is enabling voice authentication for all customers calling in to its phone lines. It’s an expansion of a pilot project first undertaken in 2013, when Barclays became the first bank in Europe…
Last week at FindBiometrics law enforcement and banking made up the bulk of the headlines. We saw new biometric smartphone integrations, a major new team up for The FIDO Alliance, and much more. Here is a look back on last week’s’ top stories in global identity management. Civil ID Civil ID made the news last week…