FinTech

NEXT Biometrics Teams with Another Aadhaar-Focused POS Specialist

NEXT Biometrics Teams with Another Aadhaar-Focused POS Specialist

Another partnership with a POS specialist is poised to extend NEXT Biometrics‘ presence in the Aadhaar market. The company has teamed up with New Delhi-based MobiOcean, which will integrate NEXT Biometrics’ fingerprint sensor technology into a POS solution designed to facilitate Aadhaar Enabled Payment System applications for merchants and government authorities. Aadhaar is India’s wide-ranging…

NEXT Biometrics Partners with M-Tech Innovations for Biometric Smart Cards

NEXT Biometrics Partners with M-Tech Innovations for Biometric Smart Cards

“…we are in the process of building a sustainable network with leading players in the smart card ecosystem to commercialize biometric dual interface technology in the banking sector and beyond.” – Alain Faburel, Chief Sales and Marketing Officer, NEXT Biometrics NEXT Biometrics has another partner in the emerging biometric payment cards market: The company has…

BioCatch Explains How Behavioral Biometrics Can Stop Vishing Fraud

BioCatch Explains How Behavioral Biometrics Can Stop Vishing Fraud

These days, voice phishing – or vishing – is an increasingly lucrative scam. It’s also becoming more difficult to identify. Successful scammers are able to pose as a legitimate representative of an organization like a government or a bank, right down to the phone number and company logo in the call log. Thankfully, behavioral biometrics…

The 2018 FindBiometrics Year in Review

The 2018 FindBiometrics Year in Review

Welcome to the 2018 FindBiometrics Year in Review. In December 2018 we polled nearly 200 biometrics industry experts on the biggest identity tech trends of the year, and throughout January we explored the results in our featured articles section. From the rise of facial recognition and the excitement of biometric FinTech, to the importance 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…

Fingerprint Cards are Driving French Fintech Innovation

Fingerprint Cards are Driving French Fintech Innovation

The French bank Société Générale made headlines last October when it rolled out new payment cards with biometric fingerprint authentication. The pilot program demonstrated the country’s ongoing commitment to financial innovation and smart card technology, a trend that dates back to the first chip-based cards in 1988. Fingerprint Cards is similarly positioning itself at the…

IDEMIA, Onfido Join Forces On Selfie Authentication

IDEMIA, Onfido Join Forces On Selfie Authentication

“…Onfido’s incorporation of document reading and its 2D face scanning system’s wide-ranging compatibility could enable IDEMIA to better meet the financial services sector’s growing KYC and AML needs.” IDEMIA is enhancing its selfie-based authentication offerings through a new partnership with Onfido. The latter has established itself over the past several months as a leading provider…

Nuance Gets Another Bank Deployment for Voice Authentication Tech

Nuance Gets Another Bank Deployment for Voice Authentication Tech

“Once a customer has registered their voice into the system, the technology can match their voice on a live call to the biometric profile on file.” Nuance Communications has snagged another bank deployment for its voice biometrics technology. Its latest client is Kennebunk Savings, a community bank located primarily in Maine and with $1.25 billion…

NEXT Biometrics to Start Sampling Biometric Payment Cards in Early Q2

NEXT Biometrics to Start Sampling Biometric Payment Cards in Early Q2

“…independent market research has indicated that the biometric smart cards market could reach $800 million in 2022, with biometric payment cards accounting for 60 percent marketshare.” NEXT Biometrics will start sampling its dual interface biometric payment card in the first half of this year. More specifically, the company has asserted that sampling will begin “early…

Year in Review: Banking’s Branchless Future

Year in Review: Banking’s Branchless Future

Physical banks aren’t going anywhere anytime soon, but they are clearly becoming less necessary as more financial services business is conducted online and through mobile devices. And with that trend in mind, one of the more forward-looking results of the 2018 FindBiometrics Year in Review survey makes a lot of sense. Question 15 of the…

Canadian Bankers Association Calling for National Digital ID

Canadian Bankers Association Calling for National Digital ID

The Canadian banking sector’s leading business association is calling for the creation of a digital identity system for use in the nation’s financial services. Founded toward the end of 1891, the Canadian Bankers Association is an integral position in the discourse between the country’s banks and government authorities. And it has published a new video…

APAC Mobile Biometrics Market Undergoing ‘Strong Growth’: Frost & Sullivan

APAC Mobile Biometrics Market Undergoing ‘Strong Growth’: Frost & Sullivan

“Key driving factors include growing adoption in mobile banking applications, collaborative innovations, updating smart devices, and, of course, security concerns.” As the mobile biometrics revolution continues, the APAC market will play an important role in driving growth, suggests Frost & Sullivan. Announcing a new report focused on the APAC region, the market research firm asserts…

Year in Review: The Top Applications for Biometrics in 2018

Year in Review: The Top Applications for Biometrics in 2018

People in the biometrics industry were really into FinTech last year, suggest the results to the second question of FindBiometrics’ Year in Review survey for 2018. The question asked, “Which of the following areas of application for biometrics has been the most interesting to you in 2018?” and listed answers such as “Healthcare”, “Border Control”,…

How Will The Rise of Biometric Cards Affect Gemalto’s ICBC Contract?

How Will The Rise of Biometric Cards Affect Gemalto’s ICBC Contract?

“The company has been highly active in this emerging area [of biometric cards], having announced at the end of last year that a major Italian bank would be the latest to trial its new fingerprint-scanning payment card solution. “ China’s largest bank is sticking with Gemalto for its payment cards, with the latter announcing that…

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,…

Mobile Biometric Payments On the Ascent in Latest Goode Forecast

Mobile Biometric Payments On the Ascent in Latest Goode Forecast

“This trend is part of the larger mobile biometrics boom, with Goode Intelligence forecasting in its report that mobile biometric payments will amount to $1.67 trillion per annum by the end of the forecast period.” Mobile payments are going to keep climbing as the mobile biometrics boom continues to unfold in the world of financial…

Citi Trialing Fingerprint and Face Login for Business Clients

Citi Trialing Fingerprint and Face Login for Business Clients

Select business clients of Citi Treasury and Trade Solutions will soon be able to access their CitiDirect BE accounts using fingerprint or facial recognition on their smartphones. Offered in 95 countries, CitiDirect BE is aimed at enterprise clients, offering online access to investment, trade, and cash services. As such, the platform sees some big volumes,…

ACI Worldwide Embraces BioCatch Security for UP Payments Risk Management Platform

ACI Worldwide Embraces BioCatch Security for UP Payments Risk Management Platform

“As online and mobile banking proliferates, fraudsters are consistently finding new ways to infiltrate banks’ systems, creating havoc for consumers and businesses alike. By using behavioral data to distinguish between a genuine customer and a fraudster – whether human or non-human – we are able to detect fraudulent activity in real-time and protect consumers.” – Avi…

Major Irish Bank Deploys Nuance’s Voice Authentication System

Major Irish Bank Deploys Nuance’s Voice Authentication System

“…he move was also a response to enthusiasm that customers demonstrated for the biometric authentication technology used in AIB’s mobile app.” One of Ireland’s biggest banks has implemented voice recognition technology from Nuance Communications for customer authentication. Thanks to the newly implemented system, Allied Irish Banks customers who register for voice authentication can confirm their…

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