“Forty-three percent of the respondents expressed dissatisfaction with online login procedures, which gives banks the opportunity to leverage new authentication technologies like biometrics to improve the customer experience.” A new report from Fiserv suggests that modern consumers are starting to demand better digital banking experiences. In a survey of 1,000 financial services customers in the…
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…
“We are pleased that FutureCard has selected our biometric technology, and to see our outstanding T-Shape and software platform in the hands of more and more customers around the world.” – Thomas Rex, SVP Business Line Smartcards, Fingerprints Fingerprints (FPC) has another new partner in the fast-emerging biometric payment cards market: United Arab Emirates-based FutureCard…
BioCatch has elaborated on the nature of its new partnership with Entersekt, taking to its blog to explain how the two companies are working together to improve the mobile banking experience. The company noted that while digital banking apps need to be just as engaging as consumer apps, they also face higher scrutiny and need…
“TAG Systems is one of most prominent card manufacturers in the Nordics and a first mover and leading supplier to European challenger banks. I am confident that this collaboration will further strengthen Zwipe’s position in the growing biometric payment marketplace.” – André Løvestam, CEO, Zwipe Norway-based fingerprint biometrics specialist Zwipe is solidifying its position in…
“With this new funding, we can protect more businesses, in more countries—and in more ways—from the effects of fraud,” – Husayn Kassai, CEO, Onfido Onfido has raised $50 million in its latest round of investor funding, led by SBI Investment and Salesforce Ventures. Other contributors to the round included M12 (formerly Microsoft Ventures), FinVC, and…
Veridium has become the latest biometrics specialist to join Mastercard Start Path, the financial services giant’s startup accelerator program. It’s an impressive feat. Only about 40 startups are admitted to the program each year, and Veridium says it was part of an applicant pool of almost 2,000. Criteria for selection include demonstrated commercial traction, seed…
“Shanghai Basewin Technology has started integrating NEXT Biometrics’ NEXT NB 2023 fingerprint sensor modules into its solutions, with initial volumes having already been shipped.” NEXT Biometrics has partnered with another China-based Point-of-Sale specialist focused on India’s Aadhaar market. Shanghai Basewin Technology Co. has a particular niche in the POS industry as a developer of original…
When it comes to convenience, there’s no debating the utility of contactless payment cards. It can be irritating to insert a card into a machine and type in a four-digit PIN every time you need to make a transaction, especially if you’re only buying a two-dollar cup of coffee. Unfortunately, the contactless process does have…
“Adding BioCatch’s technology to the mix will enhance [Entersekt Secure Platform’s] value, with up to 2,000 parameters coming into play to verify end users based on their behavioral patterns.” BioCatch has teamed up with South Africa-based FinTech specialist Entersekt, with the latter integrating its behavioral biometrics technology into its Entersekt Secure Platform. The platform already…
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 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…
“WizCard provides card manufacturers seamless integration of additional features into standard smart cards.” – Alain Faburel, Chief Sales and Marketing Officer, NEXT Biometrics NEXT Biometrics is teaming up with Taiwan-based WizCard to develop biometric smart card technologies, the companies have announced. The partnership will leverage each company’s respective strengths. NEXT Biometrics is, of course, a…
“And when a transaction is deemed suspicious, FSS Secure3D supports step-up authentication using fingerprint or facial recognition, or One Time Passcodes.” Mumbai-based Financial Software and Systems, or FSS, has announced a new secure payments solution that leverages behavioral analytics and biometrics for user authentication. Called FSS Secure3D, the solution is designed to be compliant with…
IDEX Biometrics has announced multiple changes in its executive-level leadership structure. Two of the changes stem from the creation of a new position within the company – Chief Innovation Officer. Fred Benkley, who previously served as IDEX’s Chief Technology Officer, has stepped into this role; and consequently Anthony Eaton, previously the VP of Systems Engineering,…
NICE has found another customer for its Real-Time Authentication (RTA) platform, announcing a new partnership with a domestic bank in Vietnam. The bank operates 25 branches and 30 transaction offices in the country, although the name of the financial institution was not revealed as part of the announcement. RTA is a voice recognition solution geared…
In the past couple of years, biometric payment cards have emerged as an exciting, potentially transformative new trend in the payments industry. However, new technology can still be intimidating, especially for organizations that don’t understand how biometric payment cards are supposed to work. That’s why the Secure Technology Alliance has released a report to educate…
“Participants in the pilot will need to register their biometrics at a physical bank branch, but NatWest says it’s exploring ways to enable remote biometric registration.” A major UK bank is about to become the latest to trial biometric payment card technology from Gemalto: NatWest has announced that it will pilot the technology with 200…
“Our F.CODE solution is recognized as a reliable security system based on biometrics.” JCB’s biometric cards received two prizes during the Cards and Electronic Payments International Asia (CEPI) Summit and Awards, taking home Best Security Initiative and Best NFC Security Initiative at the 5th annual conference at the end of 2018. The cards are based…