Onfido to power KYC for Arro Money
Identity verification firm fuels know your customer checks.
Biometrics
Veridium to power biometrics for Nordea
Bank will use VeridiumID to replace tokens with biometric authentication for access to data.
BehavioSec boosted by $17.5m funding
Behavioural biometrics company now has total funding of almost $26 million.
Infographic: the future of identity
Nifty infographic based on the IBM Security Future of Identity Study.
Mastercard eyes biometric totality by 2019
Banks issuing Mastercard-branded cards will have to offer biometric authentication.
Jumio teams with Byteball to bring KYC to ICO issuers
When the gold rush is on, perhaps it’s better to sell picks and shovels to the miners.
Visa pilots new biometric payment card
With Mountain America Credit Union and Bank of Cyprus for a new EMV dual-interface card.
Bank of Cyprus pilots fingerprint activated payment card
Removes the need for a four-digit or longer PIN entry.
Yes Bank and Nearby Tech bring cardless ATM services to India
With the aim to become the payments enabler for India.
Ghana government to leverage Entrust Datacard to issue national ID cards
Helping the Ghana government to issue national identity cards to its citizens in real time.
Daon forges strategic partnership with North African tech vendor Gemadec
Extending services to customers in North Africa and French-speaking African countries.
JCB tests multipurpose biometric authentication
in collaboration with Universal Robot and the National Institute of Advanced Industrial Science and Technology.
Meed leverages ID verification tech from Jumio to serve the underbanked
Identity verification tech provider Jumio has teamed up with California-based fintech Meed.
Best Innovation Group brings Enrichment to credit union with Amazon Alexa
Enrichment FCU has rolled out Best Innovation Group’s financial interaction voice experience Amazon Alexa skill.
BS/2 and VisionLabs fool fraud with faithful facial recognition tech
BS/2, a Lithuanian banking technology company, and VisionLabs, a face recognition software provider, have teamed up to fight financial crime by offering contactless identification for self-service terminals. The duo will offer an integration solution – using BS/2’s ATMeye.iQ, a self-service video surveillance and fraud prevention system, and VisionLabs’ LUNA face recognition platform. The solution uses […]
BehavioSec’s behavioural biometrics right match for Crossmatch
BehavioSec has partnered with identity management firm Crossmatch in a deal that will add keystroke capture to Crossmatch’s composite authentication platform, DigitalPersona, reports David Penn at Finovate (Banking Technology’s sister company). “We selected BehavioSec’s platform because they are singularly focused on behavioural biometrics and have well-established and proven technology that already serves more than 35 million end […]
Maybank brings facial and voice recognition to its Maybank2u app
Malaysia’s largest bank, Maybank, has unveiled its facial and voice recognition authentication for its customers accessing their Maybank accounts using its Maybank2u app.
Top fintech stories this week – 24 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Fujitsu and Sensory are the face of biometrics for Mizuho
Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking. Mizuho is the first customer of the Fujitsu and Sensory partnership and it will be using TrulySecure. This solution’s features include the option to fuse voice and face biometrics recognition together; and it works with Android, iOS, Linux and […]
European Association for Biometrics conference: easing the digital journey
Customers are impatient and friction leads to lost sales – a key takeaway from last week’s seminar on the use of “Biometrics in Banking and Payments” organised by the European Association for Biometrics. Researched flagged by Michael Sass, VP market product management, security solutions Europe at Mastercard, highlighted the potential impact on revenue; abandonment rates […]
Nations Trust Bank launches lifestyle app FriMi with Daon’s biometrics tech
Sri Lanka-based Nations Trust Bank has launched a new mobile payments and lifestyle app, FriMi, using Daon’s biometric authentication platform, IdentityX.
Veridium and Wala bring blockchain power to Africa’s unbanked
Biometrics firm Veridium has teamed with Wala, a blockchain-powered financial services platform, as they target the unbanked and underbanked population in Africa. The duo will collaborate on a pilot programme in sub-Saharan Africa to demonstrate their digital model offering “zero-fee banking”. This pilot is funded by a grant awarded to Veridium from the Digital Financial […]
EyeLock docks with ViaTouch for iris-powered payments
Iris-based biometric authentication specialist EyeLock has signed an agreement with ViaTouch Media that will integrate EyeLock’s technology within ViaTouch’s smart-shelf vending solution, Vicki. David Penn at Finovate (Banking Technology‘s sister company) reports that EyeLock CEO Jim Demitrieus says the agreement was the culmination of years of working with firms from a variety of industries to bring embedded […]
UK banks join the iPhone X Face ID rush
Customers of TSB and Tesco Bank are now able to use facial recognition technology, Face ID, for mobile banking app and make payments. The new technology is exclusive to Apple’s iPhone X. Carlos Abarca, TSB’s chief information officer, says: “Providing customers with biometrics logon to their mobile banking, such as Face ID, means all of […]
ICICI Bank sets the tone for voice-based payments in India
ICICI Bank has unveiled India’s first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in the country. With the new feature in its Money2India (M2I) app, an NRI customer can make a remittance to existing payees in India with a voice command to Apple’s virtual voice assistant, Siri. […]
Biometrics: a question of standards and yet more questions
Watching the recent of smartphone launches, I am taken aback by just how much smartphone manufacturers have led to the normalisation and acceptance of biometrics by consumers.
OCBC Bank first in Singapore to launch face ID recognition for mobile app
OCBC Bank’s retail and business banking customers can now log into the bank’s app via a selfie, if they use Apple iPhone X. The bank says it’s the first in Singapore to offer such biometric tech.
BioCatch to power behavioural biometrics for Samsung SDS America
Behavioural biometrics and threat detection firm BioCatch is working with Samsung SDS America to combat fraud that occurs after a user has logged in.
Kony to launch digital banking solution leveraging Daon biometrics
Enterprise application and mobility solutions company Kony unveiled a new digital banking platform and suite of apps.
What does the new iPhone X mean for mobile banking?
Mobile banking is nothing without mobiles, and as Apple leads the way in innovation it provides opportunities for banks to do things differently too. So, with the launch of the iPhone X, what is next for mobile banking in a world that can’t get enough of phone upgrades?
Juniper: Apple Users Likely to Reject Facial Recognition
A new survey conducted by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction among consumers, the consultancy says.
BioConnect on Where to Start with Biometrics Investment
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
Fintech Trends: the Expected, Unexpected and What’s Next at FinovateFall
Get a sneak peek at what trends will shape the discussion at FinovateFall, including a few things you might not expect.
Walmart taps Google for omnichannel commerce play
Google and Walmart are teaming up to take on Amazon (and Alexa) with voice-activated commerce and more plans for 2018, reports Banking Technology‘s sister publication Paybefore. Starting in late September, the retail giant will be working with Google to offer hundreds of thousands of items for voice shopping via Google Assistant – the largest number […]
FIS, Equifax Want You to Say Goodbye to Passwords
FIS, a global financial services technology company, has joined forces with information specialist Equifax to create OnlyID, a digital authentication solution that enables consumers to make secure transactions across multiple online accounts without passwords.
Barclays enables voice payments with Siri
Barclays says it’s the first UK high street bank that lets mobile banking customers make a payment by asking Siri. The payment, which relies on TouchID for authentication, can be completed without opening the Barclays mobile banking app, reports Banking Technology‘s sister publication Paybefore. The Siri integration enables payments to existing payees or mobile contacts. […]
Samsung’s Bixby AI expands to more countries
Look out Siri and Alexa, but Samsung says its artificial intelligence (AI) powered Bixby’s voice system has now expanded to more than 200 countries and territories. In addition to South Korea and the US, it is now available in the UK, Australia, Canada and South Africa, among others. As reported in March, Samsung unveiled the […]
Samsung to power biometric authentication pilot for Bank of America
Samsung will launch a pilot programme that enables Bank of America (BofA) customers to log into their mobile banking app by taking a picture of their eye, reports Finovate (Banking Technology‘s sister company). According to a report from American Banker’s Penny Crosman, half of BofA’s customers are using fingerprint authentication to log into their app, […]
TSB goes dotty for iris scanning tech
The buzz for biometrics gets bigger with TSB now eyeing up the launch of iris scanning tech to let users login into bank accounts by glancing at their phone. According to the BBC, some TSB customers will be able to do this from September when the bank introduces iris recognition to its mobile banking app. […]
Nets and Sthaler team up for finger-vein enabled payments
London-based biometric tech vendor Sthaler is working with Nordic payments provider Nets to introduce finger-vein enabled payments to the consumer market in Europe.
