biometric banking

FacePhi Tech Powers CaixaBank’s Biometric ATM

FacePhi Tech Powers CaixaBank’s Biometric ATM

“The CaixaBank ATM solution is designed to analyze a customer’s face with a 16,000-point scan, pointing to a high level of accuracy.” Spain’s CaixaBank has launched biometric ATMs that leverage facial recognition for user access. The system has been unveiled in 20 ATM terminals at four branches in Barcelona. CaixaBank customers have the option of…

Women’s Micro Bank Brings Biometric Kiosks to Papua New Guinea

Women’s Micro Bank Brings Biometric Kiosks to Papua New Guinea

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…

Japanese Bank Plans to Deploy Face-Scanning ATMs

Japanese Bank Plans to Deploy Face-Scanning ATMs

“Seven Bank’s aim is to use the biometric technology for customer verification, and even to enable new customers to open bank accounts using the ATM.” An online-focused Japanese bank is preparing to introduce facial recognition at its real-world ATMs, reports The Japan Times. Seven Bank’s aim is to use the biometric technology for customer verification,…

1.9B Bank Customers to Use Biometrics by 2021: Goode Intelligence

1.9B Bank Customers to Use Biometrics by 2021: Goode Intelligence

Biometric security has been booming in the financial services sector in recent years, and a new report from Goode Intelligence suggests that upwards trend is going to continue. Entitled “Biometrics for Banking: Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023,” the report predicts that by 2020, more than 586 million bank customers will be…

Bahraini Bank to Launch Biometric ATMs Early Next Year

Bahraini Bank to Launch Biometric ATMs Early Next Year

Bahrain’s Eazy Financial Services is about to make biometric banking a reality in the region thanks to a new partnership with Ithmaar Bank, with the organizations announcing that Ithmaar customers will soon be able to access ATMs with a simple fingerprint scan and PIN entry – and no need for a physical bank card. It’s…

Iris-Scanning Tablets Enable Aadhaar-based Banking

Iris-Scanning Tablets Enable Aadhaar-based Banking

Axis Bank is staking a claim to being the first financial services institution in India to implement iris-based Aadhaar authentication on a ‘micro ATM’, a term for portable terminals used to enable account access. Axis Bank has embedded iris recognition technology into a tablet device to enable to the functionality as part of its efforts…

BBVA Banks On Biometric Mobile Enrollment

BBVA Banks On Biometric Mobile Enrollment

“The system operates through the BBVA mobile app, and the bank says that 27 percent of its new customers have used it to join the bank.” Spain-based BBVA has become the latest financial services provider to embrace selfie-based biometric enrollment. The technology was developed more or less in-house, by Veridas, a tech company that spun…

New Diebold Nixdorf-Mastercard Solution Could Feature Biometric ATMs

New Diebold Nixdorf-Mastercard Solution Could Feature Biometric ATMs

Diebold Nixdorf and Mastercard are deepening their partnership with the announcement of a new collaboration focused on the development of a new banking-as-a-service solution. At the project’s outset, its details are a bit vague. In a statement, the companies said they will offer “an industry-defining, managed solution” for banking and retail that will be based…

Financial Biometrics Month: The Benefits of Biometric Banking

Financial Biometrics Month: The Benefits of Biometric Banking

The Concept Biometrics exploded onto the consumer financial market in a big way with payment tech – in 2014 Apple Pay and fingerprint sensor authenticated PayPal transactions saw to that – but when it comes to everyday users scanning their body and handling money, buying things is only, at best, half of the story. Biometric…