financial services

IDEMIA and Zwipe Team up on Simplified Biometric Card Solution

IDEMIA and Zwipe Team up on Simplified Biometric Card Solution

“… IDEMIA and Zwipe say that their solution will be distinguished by its relatively small number of components, with things like the Secure Element and the microcontroller all embedded in a single chip mounted on a flexible Printed Circuit Board.” IDEMIA and Zwipe have teamed up on a biometric payment card solution that they are…

House Hearing Sees FIDO Standards Venerated as Solution to Financial ID Challenges

House Hearing Sees FIDO Standards Venerated as Solution to Financial ID Challenges

The FIDO Alliance received considerable praise during last week’s House hearing on Identity in Financial Services. Speaking before the US House of Representatives Committee on Financial Services on behalf of the Better Identity Coalition, Venable LLP’s Jeremy Grant identified three main challenges facing modern financial institutions, and argued that FIDO standards offer potential solutions to…

Swiss Investment Firm Commits to €4M in Backing for FacePhi

Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued…

New Daon Appointment May Hint at Stronger Government Focus

New Daon Appointment May Hint at Stronger Government Focus

A former tech executive with some pretty substantial government experience is Daon‘s new President of Emerging Markets. In the tech world, John Sanders may be best known as a co-founder of Reveal Imaging Technologies, which he led as VP from 2003 to 2010. More recently, he served as CEO of Pramantha Solutions, a government-focused data…

Japanese Bank Begins Deployment of Biometric ATMs Featuring NEC Tech

Japanese Bank Begins Deployment of Biometric ATMs Featuring NEC Tech

“… Seven Bank has revealed that it has been working with facial recognition specialist NEC to develop these new ATMs, and that it will begin to replace current ATMs with the new models starting this month.” Tokyo-based customers of Japan’s Seven Bank will soon have sophisticated new ATMs at their disposal, thanks to technology from…

Fiserv Launches Biometric Self-Serve Kiosk for Banks

Fiserv Launches Biometric Self-Serve Kiosk for Banks

“It’s a self-service system for bank customers that can be deployed in a lobby or even in a drive-thru setup, enabling end users to check balances, make withdrawals, transfer funds, and more.” Fresh off its announcement that a Pennsylvania-based Federal Credit Union has deployed its Verifast biometric authentication solutions, Fiserv has announced a new product…

HSBC Leverages Behavioral Biometrics to Fight Fraud

HSBC Leverages Behavioral Biometrics to Fight Fraud

“HSBC will apply the ARIC platform to fight fraud specifically in the areas of insurance and retail…” HSBC has become the latest financial services organization to adopt Featurespace‘s behavioral biometrics-driven anti-fraud technology. Featurespace only just announced its Adaptive Behavioral Biometrics solution this past June. Part of the company’s ARIC anti-fraud platform, the technology is designed…

Neoris Selects FacePhi Biometrics to Aid in Digitization Projects

Neoris Selects FacePhi Biometrics to Aid in Digitization Projects

“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…

Federal Credit Union Adopts Palm Vein Authentication, Care of Fiserv

Federal Credit Union Adopts Palm Vein Authentication, Care of Fiserv

Pennsylvania’s Merck Sharp & Dohme Federal Credit Union is now using biometric technology from Fiserv to authenticate both customers and employees. There are three particular product solutions in play. Verifast Branch is being used to authenticate credit union members; Verifast SSO is the authentication solution used by Merck Sharp & Dohme employees for internal computer…

Bank ABC Turns to Jumio for Digital Onboarding

Bank ABC Turns to Jumio for Digital Onboarding

Bahrain’s Bank ABC has partnered with Jumio, deploying the latter’s Identity Verification platform to facilitate customer onboarding on its digital banking channels. Jumio’s facial recognition technology will allow new customers to open a Bank ABC account without needing to visit a physical branch location. To use Jumio Identity Verification, prospective Bank ABC clients will need…

NICE Actimize Adds Buguroo to X-Sight Marketplace

NICE Actimize Adds Buguroo to X-Sight Marketplace

The online security specialist Buguroo is the latest addition to NICE Actimize’s rapidly expanding X-Sight Marketplace. The Marketplace was set up to offer approved products and solutions that will help reduce the threat of financial crime for providers of financial services. The listing of Buguroo comes only days after Facebanx was added to the X-Sight…

Gartner Names Group-IB as a Representative Vendor in Fraud Detection

Gartner Names Group-IB as a Representative Vendor in Fraud Detection

Singapore’s Group-IB has been listed as a Representative Vendor in Gartner’s 2019 Market Guide for Online Fraud Detection. The cybersecurity specialist was specifically recognized for its Secure Bank/Secure Portal platform, which has been deployed by a number of different banks and online retailers who collectively serve more than 70 million customers. Secure Bank/Secure Portal is…

Facebanx Gets Listed on NICE Actimize’s X-Sight Marketplace

Facebanx Gets Listed on NICE Actimize’s X-Sight Marketplace

NICE Actimize is putting together an X-Sight Marketplace that will consolidate a range of products and services that can help companies reduce financial crime. New solutions will be listed once they have been vetted by NICE Actimize, making it easier for enterprise-level customers to shop for and add new security features to ensure regulatory compliance.…

Diebold Nixdorf Integrates IoT and Biometric Tech into New Line of ATMs

Diebold Nixdorf Integrates IoT and Biometric Tech into New Line of ATMs

Diebold Nixdorf has released a new line of ATMs that leverage mobile tech and biometrics to deliver a more personalized self-service experience. The DN Series is currently in a pilot phase with 18 financial institutions in 13 different countries, including BNL Gruppo BNP Paribas. “The self-service channel continues to play a crucial role in financial…

Element Provides Mobile Biometric Onboarding for Indonesian Bank

Element Provides Mobile Biometric Onboarding for Indonesian Bank

Element will be providing biometric authentication services for Bank Central Asia (BCA) in Indonesia. Through the partnership, BCA will deploy Element’s facial recognition technology for customer onboarding and authentication, leveraging mobile technology to increase people’s access to secure financial services.     “By 2025, a projected 284 million Indonesians are estimated to have 410 million smartphone…

ABCorp is NEXT Biometrics’ Latest Partner For Fingerprint Payment Cards

ABCorp is NEXT Biometrics’ Latest Partner For Fingerprint Payment Cards

“[ABCorp] will work with NEXT Biometrics to develop biometric cards, the latter’s key focus area as the fingerprint-scanning payment card market begins to take shape.” NEXT Biometrics has attained another major new partner in its biometric cards efforts: The company has teamed up with ABCorp. Headquartered in Connecticut, ABCorp is involved in the design and…

Mitchel Lenson Joins BioCatch Board of Directors as an Independent Member

Mitchel Lenson is the newest member of the BioCatch Board of Directors. The former Deutsche Bank executive has been appointed as an independent member of the board, where he will offer financial guidance as the company looks to expand its business internationally.  “Mitchel brings broad experience in the application of technology within the banking sector,…

OneSpan Secure Agreement Automation Makes it Easier to Open Digital Accounts

OneSpan Secure Agreement Automation Makes it Easier to Open Digital Accounts

OneSpan has launched a comprehensive onboarding platform designed for financial institutions. The cloud-based solution is called Secure Agreement Automation, and it automates the entire account opening process to reduce costs and improve the end-user experience. Secure Agreement Automation runs on open APIs, and unites multiple services under one software umbrella, including eSignature, workflow and end-to-end…

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