FinTech

Money20/20 Europe Moving to Amsterdam

Money20/20 Europe Moving to Amsterdam

The Money20/20 Europe conference is moving to Amsterdam next year, organizers have announced. The move is primarily aimed at accommodating growth. Money20/20 Europe launched last year in Copenhagen, bringing almost 4,000 visitors to the Bella Center, and organizers appear to be expecting an even bigger number for this year’s event. Amsterdam’s RAI venue offers a…

Financial ID Briefing: Technophobia, Selfie Finance, Copenhagen

Financial ID Briefing: Technophobia, Selfie Finance, Copenhagen

The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. The Obstacle of Technophobia A new research report from HSBC, Trust in Technology, asserts that the biggest obstacle facing the mainstream adoption of biometrics in FinTech is consumer technophobia based on…

Google Wallet Update Brings Fingerprint Authentication Option

Google Wallet Update Brings Fingerprint Authentication Option

Google Wallet is finally going to get support for fingerprint scanning in a new update. As Android Police notes in its breakdown of code in Google’s new Android application package for developers, the fingerprint scanning feature will arrive along with a change to the PIN system currently in place: At the moment, the Google Wallet…

BioConnect Integrates FacePhi Facial Recognition Solution

BioConnect Integrates FacePhi Facial Recognition Solution

“Both companies will showcase their joint solution at the upcoming Money20/20 Europe expo, with Douglas and Mira scheduled to participate in an expert panel discussion on multimodal biometrics in FinTech, which will be hosted by FindBiometrics President Peter O’Neill.” BioConnect is integrating FacePhi‘s facial biometrics technology into its eponymous multimodal authentication platform, the companies have…

Report: 90 Percent of Consumers Believe Biometric Security is More Effective Than Passwords

Report: 90 Percent of Consumers Believe Biometric Security is More Effective Than Passwords

Mastercard and researchers from the University of Oxford’s Department of Computer Science have teamed up to help financial services executives deliver biometric security to their customers. The effort is based on research pointing to an important obstacle: While consumers appear ready to embrace biometric security, bank executives are somewhat at a loss as to how…

Money2India App Features Biometrics For Convenience

Money2India App Features Biometrics For Convenience

ICICI, India’s biggest private sector bank, has launched a new mobile app for remittance transfers that features biometric security. The app is called Money2India, or M2I, and is aimed at non-resident Indians (NRIs). It’s designed to let users perform money transfers in just a few clicks for frequent transactions, and it also allows for bill…

FinTech Partnership Aims to Establish Naked Payments Network in Middle East

FinTech Partnership Aims to Establish Naked Payments Network in Middle East

Bahrain-based FinTech solutions provider Eazy Financial Services has teamed up with NCR Corporation to work on a pioneering naked payments solution for the region. The idea is to establish a ‘Biometric Payment Network’ in which users’ fingerprints are linked to bank accounts. Users would sign up by enrolling their fingerprints with participating banks, and would…

Could FinTech Applications Boost Wearable Tech Adoption?

Could FinTech Applications Boost Wearable Tech Adoption?

“The developments tie in well with a recent market forecast from Goode Intelligence, which predicted that while mobile devices will continue to lead the charge with respect to biometric authentication, wearable biometric authentication devices will pick up steam over the next few years and make up a growing proportion of the combined market…” There has been…

Money 20/20 Europe to Tackle Biometrics, VR, IoT, and More

Money 20/20 Europe to Tackle Biometrics, VR, IoT, and More

“Biometric technology is also expected to once again be a major topic of discussion, with FindBiometrics President Peter O’Neill returning to host an expert panel discussion entitled The power of choice: Why multimodal biometrics are taking over FinTech.” The organizers of Money20/20 Europe have revealed the event’s full agenda and its keynote speakers. The latter…

Naked Payments Pioneer Uses Fujitsu Tech

Naked Payments Pioneer Uses Fujitsu Tech

A Chicago-based payments technology specialist is looking to pioneer naked payments – that is, payments made without the use of cards, phones, or any other physical device – and is using Fujitsu technology to make it happen. Called Keyo, the company has licensed the use of PalmSecure, Fujitsu’s palm vein scanning system, for use in…

News Roundup: Physical Access and Everyday Biometrics

News Roundup: Physical Access and Everyday Biometrics

Last week at FindBiometrics we opened the door on Physical Access Biometrics Month with a webinar announcement and a primer on the topic, while fingerprints made headlines with smartphone integrations and more. The industry news was filled with company expansions and acquisitions, reports on everyday biometrics, and big FinTech stories. Take a look back on last week’s top…

EyeVerify Poll Shows Growing Appetite For Biometric FinTech

EyeVerify Poll Shows Growing Appetite For Biometric FinTech

New survey data suggests a growing appetite for biometric authentication in banking and payments. The data comes by way of EyeVerify and its recent online poll of 1,002 American adults, published in a new report entitled The Retail Banking Biometrics Confidence Report. Seventy-nine percent of respondents said they wanted to be able to use biometric…

Visa Moves Toward a Future of Ambient Authentication

Visa Moves Toward a Future of Ambient Authentication

Visa is moving gradually toward a future of “ambient authentication” for payments, reports International Business Times. That means passive authentication mechanisms that will largely go unnoticed by the consumer — behavioral biometrics like how a user interacts with a keyboard or a screen, but also patterns related to how often and how long she charges a…

Galaxy S8 Facial Recognition Not Ready For Payments: Report

Galaxy S8 Facial Recognition Not Ready For Payments: Report

Samsung won’t use facial recognition to confirm Samsung Pay payments anytime soon, reports The Korea Herald. While Samsung’s newest flagship smartphones, the Samsung Galaxy S8 and S8+, use the technology together with iris scanning for device unlocking, a source from within the company reportedly told the newspaper that the facial recognition technology will not be…

News Roundup: Biometrics Boom at ISC West 2017

News Roundup: Biometrics Boom at ISC West 2017

Last week at FindBiometrics we reported our ISC West 2017 coverage right from the exhibition floor where we interviewed the big names in biometric access control. Behavioral Biometrics Month kicked off with a primer as we announced the expert panel for our upcoming webinar. And the industry news was otherwise filled with fingerprints, border control,…

Samsung Pay Coming to UAE in Early Access Program

Samsung Pay Coming to UAE in Early Access Program

Samsung Pay is coming to the United Arab Emirates, announcing an “early access” program for the country. With Samsung having recently completed an “early access” program for India, this appears to be Samsung’s new way of announcing the coming arrival of its mobile payment platform for a given market. In India’s case, the early access…

News Roundup: Mastercard Embraces Behavioral Biometrics

News Roundup: Mastercard Embraces Behavioral Biometrics

Last week at FindBiometrics we brought Mobile Biometrics Month to a close as we prepared to head to Las Vegas for this week’s ISC West conference and exhibition from which we will be reporting live. There was a ton of news activity in the realm of fingerprints, Samsung launched its multimodal Galaxy S8 handset, and…

Apple Gains Support For Mobile Wallet in US, China, and Australia

Apple Gains Support For Mobile Wallet in US, China, and Australia

Apple has extended support for its biometrically secured wallet among financial institutions in the US, China, and Australia. Apple Pay got its biggest additional boost in the US, with a number of banks and credit unions coming on board, including names like Barksdale Federal Credit Union and Lyons National Bank. Santander also found its way…

Is Selfie Authentication Coming to Samsung Pay?

Is Selfie Authentication Coming to Samsung Pay?

Samsung’s next flagship smartphone will not only use facial recognition for device unlocking, but will also link it to transaction verification on Samsung Pay, reports Bloomberg Technology. The news follows recent reports indicating that Samsung was planning to complement the forthcoming Galaxy S8 smartphone‘s iris scanning functionality with facial recognition, in an effort to improve…

News Roundup: Mobile Biometrics Evolution

News Roundup: Mobile Biometrics Evolution

Last week at FindBiometrics Mobile Biometrics Month 2017 continued as innovations in facial recognition dominated the news. We interviewed major industry personalities too, while border control rounded out the headlines and the industry prepared for the upcoming CeBIT and ISC West conferences.   Here is a roundup of last week’s top stories in global identity…

Samsung Pay Officially Launches in India

Samsung Pay Officially Launches in India

“The platform arrives in the country at an awkward time. IDFC Bank has just launched its Aadhaar Pay mobile app, allowing merchants to accept payments on their smartphones without the need for customers to use their own smartphone or even a payment card.” Samsung has officially launched its mPayment platform in India. The development arrives…

News Roundup: The Launch of Aadhaar Pay

News Roundup: The Launch of Aadhaar Pay

Last week at FindBiometrics we continued to take a deep dive into the evolving world of connectivity and biometrics with our Mobile Biometrics Month 2017 coverage. The industry news was filled with more fingerprint innovation as we posted our recent interview with FPC CEO Christian Fredrikson, and the week’s headlines were rounded out with the…

Are Voice Recognition Based Payments The Next Step in FinTech Convenience?

Are Voice Recognition Based Payments The Next Step in FinTech Convenience?

PayPal may be looking into voice recognition to enable more digital commerce use cases in the near future, if a new post-MWC blog post offers any hints. Looking back on last week’s event — for which we featured extensive firsthand coverage — PayPal Head of Global Initiatives Anuj Nayar notes two dominant trends. One is the Internet…

Ireland Becomes 14th Apple Pay Country

Ireland Becomes 14th Apple Pay Country

Apple Pay has launched in Ireland, making it the 14th country in which Apple’s biometrically secured mPayment service is available. It arrived with the support of Ulster Bank and KBC, as well as the Boon app, which lets users pay with Apple Pay using digital prepaid cards. Merchant partners include Applegreen, Centra, Guinness Storehouse, and…

Aadhaar Pay Goes Live in India

Aadhaar Pay Goes Live in India

“The service is going live just as Samsung launches its mPayment service in the country…” Aadhaar Pay is now active in India, care of IDFC Bank. The system operates through a mobile app on the merchant side. When a customer wishes to pay for something, she needs only to select the bank on the touchscreen, enter…

Taiwan’s Financial Supervisory Commission Grants Banks Apple Pay Approval

Taiwan’s Financial Supervisory Commission Grants Banks Apple Pay Approval

Taiwan’s financial regulator, the Financial Supervisory Commission, has granted approval to seven major banks to offer Apple Pay – Apple’s biometrically secured mobile wallet – to their customers, paving the way for the service to launch in the state. The banks concerned are Union Bank of Taiwan, First Commercial Bank, CTBC Bank, Taishin International Bank,…

FindBiometrics Will Once Again Bring Biometrics to Money20/20 Europe

FindBiometrics Will Once Again Bring Biometrics to Money20/20 Europe

“…FindBiometrics President Peter O’Neill will host the track session “The power of choice: Why multimodal biometrics are taking over FinTech”, with big-name participants…” The organizers of Money20/20 Europe have announced the event’s agenda, and FindBiometrics will be right in the middle of the action. Like many successful endeavors, the event will start with a good…

Mobile Biometrics Month 2017: The Primer

Mobile Biometrics Month 2017: The Primer

March is Mobile Biometrics Month 2017 at FindBiometrics, and what a time to take an in-depth look at one of the most rapidly evolving areas of identity and authentication technology. To get things started on the right foot, we have put together the following primer to provide you with a snapshot of mobile biometrics today.…

Mastercard Study Shows Consumer Interest in Biometric mPayments Security

Mastercard Study Shows Consumer Interest in Biometric mPayments Security

“According to the report, 43 percent of the consumers analyzed in the study “expressed interest in biometrics and other forms of authentication” to improve digital payments security, and 51 percent of those conversations were driven by advancements in facial and fingerprint recognition.” Together with PRIME Research and Synthesio, Mastercard has been listening in on some…

Naked Payments Platform Arrives in Indonesia

Naked Payments Platform Arrives in Indonesia

Japan-based naked payments pioneer Liquid Inc. is bringing its fingerprint-based payments service in Indonesia. As Bangkok Post reports, the platform arrives via a partnership with domestic conglomerate Salim Group, which runs businesses ranging convenience stores to car dealerships. They’re going to start registering users’ fingerprints immediately, with plans to install fingerprint readers in Salim stores…

Georgia FinTech Award Recognizes Palm Vein Scanning Solution

Georgia FinTech Award Recognizes Palm Vein Scanning Solution

“The system uses Fujitsu’s palm vein scanning technology to identify vascular patterns in a given subject and is based on near-infrared light, allowing for a secure and non-intrusive means of biometric authentication.” Fiserv, a FinTech specialist, has won the inaugural Technology Association of Georgia (TAG) FinTech ADVANCE Award. The award was bestowed to the company…

News Roundup: Aadhaar Versus Fraud

News Roundup: Aadhaar Versus Fraud

Last week at FindBiometrics Healthcare Biometrics Month continued as we took a look at how strong authentication and identity management can be applied outside of the realm of patient ID. The industry news, meanwhile, was filled with border control, FinTech, and automotive biometrics, while India’s government made moves to address Aadhaar fraud. Here is a look…

Year in Review: Mobility and FinTech By Way of Events

Year in Review: Mobility and FinTech By Way of Events

Mobility and finance have long been major areas of excitement, innovation, and adoption in biometrics, and that trend held strong in 2016. From the get go, this year has seen substantial momentum in both areas of biometric application, and for good reason: mobility, biometrics, and financial services are positively linked. As innovations in mobility allow…

Financial Biometrics Month 2016: The Roundup

Financial Biometrics Month 2016: The Roundup

Financial Biometrics Month 2016 has come to an end at FindBiometrics. All November long we shone a spotlight on the exciting, dynamic and always evolving world of biometric FinTech. Weekly featured content, industry news coverage, and an expert webinar panel all helped paint a picture of the current state of biometrics-enabled commerce and shed some…

News Roundup: The Biometric Smart Card Boom

News Roundup: The Biometric Smart Card Boom

Last week at FindBiometrics things were gearing up for Trustech 2016 where the biometric smart card is slated to make a big impression. Meanwhile we continued to countdown to this week’s Financial Biometrics Month webinar as mobile biometrics integrations, law enforcement, and connected identity rounded out the industry news. Here is a look back on last…

NEC Banks on Biometrics for Singapore FinTech Festival Showing

NEC Banks on Biometrics for Singapore FinTech Festival Showing

NEC is going to show off some of its latest innovative technologies at this week’s Singapore FinTech Festival. Its facial recognition technology will underpin some of the major items on the docket. NEC plans to showcase how this technology can be used for mobile authentication – an application of increasing interest to a number of…

‘Sandbox’ Environment Fosters FinTech Innovation in Hong Kong

‘Sandbox’ Environment Fosters FinTech Innovation in Hong Kong

“…two banks have now applied to use it for the trialing of biometric authentication technologies for use in securities trading.” A new effort by Hong Kong authorities to help foster innovation in the territory’s banking sector is starting to pay off. Dubbed a ‘sandbox’ by regulators with the Hong Kong Monetary Authority, it’s essentially a…

Visa, BioConnect Working to Eliminate Password on Mobile

Visa, BioConnect Working to Eliminate Password on Mobile

Visa is working with BioConnect to fully replace PIN and password security on its mobile apps with multimodal biometrics, the company has announced. The aim is to enable a system that can leverage a number of different modalities, including fingerprint, iris, face, and voice recognition, in various combinations. If one of those modalities isn’t working…

NEC Bringing Biometric Retail Analytics Solution To NRF Big Show

NEC Bringing Biometric Retail Analytics Solution To NRF Big Show

NEC Smart Enterprise is a solution designed to analyze shopper demographics while also analyzing shoppers’ flow through the retail environment and associated measures. NEC is going to pitch its biometric shopper analytics solutions at this year’s National Retail Federation Big Show. Some elements of its showing might feel a little familiar to some attendees. NEC…

Citibank Deepens Commitment to Biometric Authentication With Touch ID

Citibank Deepens Commitment to Biometric Authentication With Touch ID

“A number of banks around the world have embraced Touch ID for mobile login, but Citibank has become the first to use such biometric authentication to enable mobile stock trading.” Citibank customers in Hong Kong can now log into their mobile banking apps via the iPhone’s Touch ID fingerprint scanning system. A number of banks…

BFSI Biometrics to See CAGR of Almost 20 Percent Through 2020: Technavio

BFSI Biometrics to See CAGR of Almost 20 Percent Through 2020: Technavio

Technavio expects strong growth for the BFSI biometrics market. In a new report, the market research firm predicts growth of almost 20 percent for the next three years. In a report synopsis, Technavio highlighted the proliferation of smartphone fingerprint sensors as a factor in the BFSI biometrics market, and indeed, many companies have embraced Apple’s Touch ID…

FinTech Webinar to Continue Money20/20 Momentum

FinTech Webinar to Continue Money20/20 Momentum

With the recent Money20/20 expo in Las Vegas having further stoked the financial services industry’s excitement over biometric authentication and security, a new webinar is going to help clarify exactly what’s going on as these sectors intersect. Entitled ‘Biometrics Beyond Payments: Multi-Factor Security and the Fight Against Fraud‘, the event will take place on Wednesday,…

FirstBank Banking App Combines Touch ID, Digital Certificates

FirstBank Banking App Combines Touch ID, Digital Certificates

Coloradan financial services company FirstBank has launched its updated iOS app featuring fingerprint-based authentication. The system was developed in collaboration with mobile security specialist Entersekt and represents the culmination of a partnership first announced in February of this year. It allows FirstBank customers to log into their mobile apps by scanning their fingerprints on the…

Apple Pay Support Dramatically Expands in Russia

Apple Pay Support Dramatically Expands in Russia

Apple Pay’s base of support in Russia has dramatically expanded today, letting more Russians order products and services through their iPhones and verifying them with secure Touch ID fingerprint recognition. While the mPayment platform launched in the country almost a month ago, it was supported at launch only by Sberbank and Mastercard. Now, as MacRumors…

FIDO Celebrates Money20/20 Success

FIDO Celebrates Money20/20 Success

The FIDO Alliance is celebrating what it calls “a busy (and productive!) four days” at last week’s Money20/20 conference in a new blog post. For the authentication standards consortium, the big news was its announcement that it would work with EMVCo to develop a new authentication specification specifically for mPayments and digital wallets, a collaborative…

News Roundup: Biometrics and Identity at Money20/20

News Roundup: Biometrics and Identity at Money20/20

Last week we were in Las Vegas for Money20/20, where biometrics were bigger than ever before. As such, FinTech was the name of the game last week, but it wasn’t the only game in town. News concerning mobile fingerprint sensor integrations, government applications, and more, filled out the headlines in an exciting week for biometrics. Here’s…

Is Samsung Pay Coming to Canada Next Week?

Is Samsung Pay Coming to Canada Next Week?

Canadians will soon be scanning their fingerprints – and eventually their irises – for Samsung Pay transactions, reports AndroidCentral. To be clear, it hasn’t been officially announced by Samsung. The news came via a Twitter user who asked Samsung when the service would launch in Canada, and took a screenshot of a reply indicating that it…

Biometrics Panel Sells Out at Money20/20 – 1,000 FinTech Execs Attending

Biometrics Panel Sells Out at Money20/20 – 1,000 FinTech Execs Attending

Biometrics and Identity at Money 20/20 – Pt. 2 “The tremendous reception for FindBiometrics and Mobile ID World’s third annual biometrics panel at the world’s hottest FinTech show cements our position at the center of the financial biometrics and identity communities,” – Peter O’Neill, President, FindBiometrics and Mobile ID World On Monday at Money20/20 in Las…

Biometrics and Identity at Money20/20 – Pt. 1

Biometrics and Identity at Money20/20 – Pt. 1

This week FindBiometrics is in Las Vegas for Money20/20 2016 where biometrics are bigger than ever before. For three consecutive years we have hosted panel discussions at the major FinTech event, watching the audience steadily grow along with the number of biometrics vendors on the exhibition floor. On Monday, FindBiometrics president Peter O’Neill once again took…

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