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…
“…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…
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…
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…
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…
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…
“…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…
“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…
“…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…
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…
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…
“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…
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”,…
“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…
“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,…
“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…
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,…
“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…
“…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…