financial services

Money20/20 Europe Focuses on Transformation and Innovation

Money20/20 Europe Focuses on Transformation and Innovation

This year’s Money20/20 Europe conference kicked off today, and it’s already shaping up to be one of the biggest industry events of the year. One indication of this is the number of speakers lined up to take the stage: More than 350 industry leaders will deliver talks throughout Money20/20 Europe’s keynotes, seminars, and sessions. And…

Unisys to Discuss Embedded Banking at FinTech Americas

Unisys to Discuss Embedded Banking at FinTech Americas

The Unisys Corporation’s Maria Allen is heading to the 2019 FinTech Americas conference to participate in a panel discussion that will delve into the benefits offered (and the challenges posed) by embedded banking innovations. “Advances like embedded banking enable digital banking services to be delivered in real time, when and where the customer needs it,”…

[UPDATED] The Biometrics Industry Speaks at Money20/20 Europe 2019

[UPDATED] The Biometrics Industry Speaks at Money20/20 Europe 2019

FindBiometrics is reporting live from Europe’s biggest financial industry conference, bringing you audio interviews with biometrics thought leaders. Money20/20 Europe kicked off Monday at Amsterdam’s RAI Convention Centre, and FindBiometrics was there to report on the festivities. The financial industry event, which this year boasts over 70 hours of content featuring more than 350 speakers,…

Visa Looks to Biometric Authentication with New LATAM and Caribbean Partnership

Visa Looks to Biometric Authentication with New LATAM and Caribbean Partnership

“We want Visa cardholders to feel absolutely confident that their funds and personal data are safe whenever and wherever they use their Visa cards.” – Alessandro Chiarini, CEO, Fortress Identity Delaware-based Fortress Identity has announced a new partnership with Visa that will see the company’s technology used to protect Visa cardholders in Latin America and…

Nuance: Automated Tools Will Make Financial Services More Efficient

Nuance: Automated Tools Will Make Financial Services More Efficient

Nuance Communications has shared the results of its second annual survey of financial services professionals, finding that employees in the financial sector are increasingly searching for automated tools that will help them do their jobs more efficiently. The survey incorporated feedback from more than 63,000 people, and highlighted workplace documentation and customer service as potential…

BIO-key Sees Trend Taking Shape with Latest Financial Services Clients

BIO-key Sees Trend Taking Shape with Latest Financial Services Clients

“Both financial services organizations have embraced BIO-key’s PIV Pro fingerprint readers and ID Director software for employee authentication, using the biometric technology to regulate access to sensitive IT assets.” BIO-key has two new clients in the financial services sector, and the company’s leadership believe it’s a sign of more good things to come. The company…

Verint Provides Anti-Fraud ID Solution for VyStar Credit Union

Verint Provides Anti-Fraud ID Solution for VyStar Credit Union

The Vystar Credit Union is upgrading its contact center security with Verint’s anti-fraud technology. The latter’s Identity Authentication and Fraud Detection platform uses behavioral biometrics and voice biometrics to analyze the speech and navigation patterns of people calling into the contact center and assess the validity of a call before it ever reaches a VyStar…

Unisys Study Highlights the Importance of Data Security for Hong Kong Banking Customers

Unisys Study Highlights the Importance of Data Security for Hong Kong Banking Customers

A new report from Unisys suggests that data security is crucial for Hong Kong banking customers. The regional study looked at people’s banking preferences in Australia, the Philippines, Australia, New Zealand, and Hong Kong, and found that the majority (61 percent) of those in Hong Kong cited safety as their primary criteria when searching for…

Jumio and Monzo Renew Award-Winning Partnership

Jumio and Monzo Renew Award-Winning Partnership

“As Monzo continues to grow, we know that Jumio will scale with our business, helping Monzo create the best-possible experience for our banking customers while fighting financial crime,. – Natasha Vernier, Head of Financial Crime, Monzo Jumio has renewed its award-winning partnership with Monzo. The two parties first teamed up back in 2017, with Jumio…

IDEX On Verge of Big Fingerprint Biometrics Deal with IT Provider

IDEX On Verge of Big Fingerprint Biometrics Deal with IT Provider

IDEX may have some big news in the pipeline: The company has announced that it expects to win a contract with a global IT solutions provider serving the financial services market. The deal hasn’t yet been finalized, but in a statement announcing the development IDEX was able to provide a few early details. The company…

New Board Member Brings Sage Experience in Financial Services to V2verify Board

New Board Member Brings Sage Experience in Financial Services to V2verify Board

Omaha-based voice biometrics specialist V2verify is welcoming a new Board member, and the appointment may signal a strengthening focus on the financial services sector. The new appointee, Grant Gregory, was a co-founder of DoubleClick Inc., a digital marketing agency that was acquired by Google in 2008. Perhaps more to the point, though, is that Gregory…

Unisys: Filipinos Trust Banks, but Remain Wary of Behavioral Biometrics

Unisys: Filipinos Trust Banks, but Remain Wary of Behavioral Biometrics

Unisys has released the results of its 2019 Asia Pacific Banking study, finding that customers in the Philippines place the most trust in banks as an institution. They also considered security to be the single most important factor when choosing where to bank. Digging into the numbers, 63 percent of respondents named security as a…

OneSpan: Most Financial Institutions Still Rely on Outdated Password Security

OneSpan: Most Financial Institutions Still Rely on Outdated Password Security

In recent years, more and more financial institutions have turned to biometric technology to improve security and customer service, incorporating solutions that range from voice banking software to facial recognition scans at ATMs. However, a new report from OneSpan suggests that it will take a considerable push to make the full transition to biometric authentication…

Alhamrani and ShoCard Team Up to Bring Biometric ATMs to Saudi Arabia

Alhamrani and ShoCard Team Up to Bring Biometric ATMs to Saudi Arabia

Alhamrani Universal is hoping to use blockchain and biometric technologies to eliminate the need for PIN entry at its ATMs. The company is Saudi Arabia’s largest provider of ATMs, and has announced a new partnership with ShoCard to introduce facial recognition software to verify user identities regardless of their chosen banking partner. “The ShoCard solution…

Japan’s Largest Bank Deploys Nok Nok Labs’ S3 Authentication Suite for Online Customers

Japan’s Largest Bank Deploys Nok Nok Labs’ S3 Authentication Suite for Online Customers

“Thanks to MUFG Bank’s embrace of Nok Nok Labs’ S3 Authentication Suite, customers can now access mobile services using biometric authentication on their Android and iOS devices.” Japan’s largest bank is now offering online customers enhanced authentication security thanks to Nok Nok Labs and its partner Hitachi. Thanks to MUFG Bank’s embrace of Nok Nok…

NEC Corporation Supplies Taiwanese Bank with Biometric ATMs

NEC Corporation Supplies Taiwanese Bank with Biometric ATMs

Taiwan’s E. Sun Commercial Bank is partnering with NEC Corporation to make ATM transactions more secure. The new ATMs are equipped with NEC’s NeoFace facial recognition technology, and can create a unique customer profile for anyone using the machine. So how does it work? When someone first inserts a cash card, the ATM will take…

BioCatch Explains How Behavioral Biometrics Reduces Friction in Digital Transactions

BioCatch Explains How Behavioral Biometrics Reduces Friction in Digital Transactions

Financial security is important. It can also be frustrating when a transaction gets declined while you’re using your own credit card. According to BioCatch, false declines – that is, legitimate transactions that are flagged as potentially fraudulent – have a footprint 13 times bigger than the cost of fraud itself, a number that reflects the…

Argus TrueID Announces the Acquisition of Biometric Identity Solutions

Argus TrueID Announces the Acquisition of Biometric Identity Solutions

Argus TrueID has announced the acquisition of another Australian biometric services provider. Queensland-based Biometric Identity Solutions is now under the Argus TrueID umbrella thanks to a deal that reflects Argus’s current mergers and acquisitions strategy. Argus TrueID provides identity and security solutions for industries ranging from banking to criminal justice. It is also one of…

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