Financial

Green Bit Lauds Financial Sector’s Embrace of Biometrics

Green Bit Lauds Financial Sector’s Embrace of Biometrics

“The banks and the industry are suffering significantly – as are customers – with the amount of fraud that happens with cards and PINs. But a fingerprint can’t be forged.” – Sergio Rainero, COO, Green Bit With banks increasingly adopting biometric technologies to protect against fraud, Green Bit is highlighting its DactyID20 solution’s applications in the…

Biometrics Are Key to Visa’s Future of Security Roadmap

Biometrics Are Key to Visa’s Future of Security Roadmap

Visa has laid out a Future of Security Roadmap for the Australian market, and sophisticated technologies including biometrics are going to play an increasingly important role. Covering the 2017 to 2020 period, the Roadmap is framed around the rapid growth of e-commerce, which Visa says has grown 35 percent over the last two years. At…

BC-Based Firm Seeks Patent for Biometric Bitcoin Security Solution

BC-Based Firm Seeks Patent for Biometric Bitcoin Security Solution

British Columbia-based Hill Top Security is pursuing a patent for a biometric security system for cryptocurrencies, and Big Wind Capital is pursuing a major stake in Hill Top, the firms have announced. Hill Top’s solution is called UxToken, and it’s designed to offer “[b]iometric-enabled, GPS trackable crypto-currency private key safe storage,” according to a statement from…

Countingup Embraces Biometrics With HooYu

Countingup Embraces Biometrics With HooYu

“…it uses facial recognition and ID document validation, and also leverages other authentication mechanisms including address and digital footprint checks, to help ensure that businesses are complying with KYC and AML regulations.” A new financial services app for small businesses and entrepreneurs in the UK is embracing biometrics and other sophisticated identity verification technologies from…

TRUSTECH Panel Highlights Opportunities and Challenges in Biometric Payment Card Market

TRUSTECH Panel Highlights Opportunities and Challenges in Biometric Payment Card Market

“Of course, there are still obstacles that need to be overcome. Biometric enrollment, for example, needs to be easy for the consumer…” Major players in the biometrics industry should cooperate more to help drive consumer adoption of biometric payment cards: That’s one of the key takeaways from a panel discussion on the technology at this…

Private Placement to Boost Zwipe Payment Card Effort

Private Placement to Boost Zwipe Payment Card Effort

Zwipe is banking on a big new private placement to help fund its push into the emerging biometric payment cards market. Valued at NOK 35 million, or about $4.3 million, the new shares were sold to both current and new investors. In a statement announcing the move, Zwipe CEO Kim Humborstad called it an acknowledgement…

INTERVIEW: Hemant Mardia, CEO, IDEX ASA

INTERVIEW: Hemant Mardia, CEO, IDEX ASA

FindBiometrics President Peter O’Neill recently spoke with Dr. Hemant Mardia, CEO of IDEX. The conversation begins with an in-depth discussion of the biometric smart card market, in which IDEX is a significant player, providing fingerprint sensors for the biometric Mastercard. The interview then broadens to the larger picture in mobility, namely: how IDEX sees its role…

IDEX Announces Expansion of Partnership with IDEMIA

IDEX Announces Expansion of Partnership with IDEMIA

IDEX has announced an expansion of its partnership with IDEMIA on biometric payment cards. The partnership first emerged a year ago, when IDEX teamed with Safran Identity & Security, which has since merged with Oberthur Technologies to form what is now IDEMIA. The companies’ technologies were used in Mastercard’s pioneering trials of biometric payment cards…

With VisionLabs Stake, Sberbank Takes First Step Toward Multimodal Biometric Platform

With VisionLabs Stake, Sberbank Takes First Step Toward Multimodal Biometric Platform

“In a statement announcing the deal, Sberbank asserted that its aim is to ultimately incorporate facial, voice, and retina recognition in its biometric identification platform…” A major Russian bank is looking to build a multimodal biometric authentication platform, and has taken the first step in that direction with a new partnership with VisionLabs. Sberbank has…

Financial Biometrics Month: Evolving Multimodality in Mobile Banking

Financial Biometrics Month: Evolving Multimodality in Mobile Banking

Today’s biometric banking arena is a multifaceted and complex space, especially when observed from the consumer touch-points. Branches, ATMs, call centers, online portals, and mobile apps all offer the biometric experience in terms of security and convenience, thanks to fingerprint, voice, vein pattern, iris, and behavioral recognition technologies. Indeed, as or the writing of this…

Biometrics Come To COMBANK Via Fiserv

Biometrics Come To COMBANK Via Fiserv

Commercial Bank of Ceylon (or ‘COMBANK’), a major Sri Lankan bank, is about to get an IT upgrade from Fiserv, the latter has announced. The bank will implement Fiserv’s DigitalAccess platform. The new digital banking solution will support multiple local languages including Sinhala, Tamil, Bengali, and Divehi. As for functionality, it will allow customers to…

UnionPay Showcases Face-Based Naked Payments System at SFF 2017

UnionPay Showcases Face-Based Naked Payments System at SFF 2017

UnionPay, China’s major financial services organization, unveiled multiple new technologies for commerce at this month’s Singapore FinTech Festival (SFF), including a naked payments system based on facial recognition. Called FacePay, the system links a user’s face biometrics to their payment accounts, allowing them to make purchases just by presenting their face to a compatible POS…

BBVA Embraces Samsung Pass For Biometric User Authentication

BBVA Embraces Samsung Pass For Biometric User Authentication

BBVA has become the first Spanish bank to embrace Samsung Pass for user authentication, allowing customers to log into their accounts with Samsung’s biometric technology. Samsung first announced its Samsung Pass platform ahead of the launch of its Note7 smartphone, envisioning it as a master key for online banking and other digital services that would…

Central Bank of Nigeria Plans for Biometric ATMs

Central Bank of Nigeria Plans for Biometric ATMs

The Central Bank of Nigeria (CBN) is planning to replace PINs with biometric scans at ATMs, suggest comments made at this year’s Nigeria Electronic Fraud Forum. The news was broken by Dipo Fatokun, the event’s Chairman, who suggested that the biometric authentication will result from the implementation of a Bank Verification Number for individual consumers.…

Nations Trust Bank Uses Daon’s Biometric Tech In Two New Apps

Nations Trust Bank Uses Daon’s Biometric Tech In Two New Apps

“…both apps get the same sophisticated capabilities through Daon’s IdentityX platform, allowing users to log in via facial, fingerprint, or voice recognition.” Daon‘s flagship biometric authentication platform is being used in another bank’s mobile banking app, this time in Sri Lanka: Nations Trust Bank has announced that the technology is being used for user authentication…

Veridium Teams with Blockchain Banking Startup to Trial Biometric Platform in Sub-Saharan Africa

Veridium Teams with Blockchain Banking Startup to Trial Biometric Platform in Sub-Saharan Africa

Veridium has teamed up with a South Africa-based digital financial services platform to work on a pilot program that could extend access to financial services to many of the unbanked individuals in sub-Saharan countries. Like another startup that trialed a digital banking platform in Africa earlier this year, Humaniq, Veridium’s new partner, Wala, seeks to…

New Biometric Banking Solution to Enter Pilot Trial in December

New Biometric Banking Solution to Enter Pilot Trial in December

A new biometric authentication solution for mobile banking applications is about get go into a pilot test. The solution, CardLok, comes from New York-based Ipsidy. It’s a multi-factor biometric authentication platform designed specifically for use by financial institutions. It’s going to be trialed this December by Miami-based Intercredit Bank, N.A., which will offer it to…

Smart Vending Machines to Incorporate EyeLock Iris Scanning Tech

Smart Vending Machines to Incorporate EyeLock Iris Scanning Tech

EyeLock’s iris recognition technology will be integrated into a high-tech vending machine thanks to a new partnership with ViaTouch Media. The latter’s ‘Vicki’ vending machine will be unveiled to partners and potential investors at a private event this Thursday, and will subsequently be showcased at January’s Consumer Electronics Show. The machine uses an interface similar…

iPhone X Face ID Spoofed By Composite Mask

iPhone X Face ID Spoofed By Composite Mask

A team of hackers say that the iPhone X’s flagship facial recognition system can be hacked. All you need is about $150, a 3D scanner, a 3D printer, makeup, some paper, and unrestrained access to the victim’s face. Vietnam-based Bkav say they used these materials to put together a composite mask that was then used…

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