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…
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…
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…
“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…
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…
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…