Latest Biometrics News: Finextra Research

How is biometrics transforming banks’ security?

Finextra sat down with digital identity verification platform Veridas to learn more about how biometrics is taking over the cybersecurity industry. CEO and co-founder of Veridas Eduardo Azanza spoke on new developments in the field and the emerging technology’s potential to revolutionise security.

07 July 2023

Company update/crime

Novobanco selects Feedzai for fraud detection

Feedzai, the world’s first RiskOps platform for financial risk management, has partnered with Portuguese bank Novo Banco S.A. (Novobanco) to further enhance the bank’s customer experience, improve its digital journey and provide best in class fraud protection.

26 June 2023

News/security

Cops arrest man for taping photos to a dummy to trick mobile banking facial recognition

Brazilian police have arrested a man accused of taping photos of victims’ faces onto dummies to trick mobile banking facial recognition technology and then take out loans.

23 June 2023

Company update/security

SmartMetric to embed AI into biometric credit card

SmartMetric, Inc. (OTC: SMME) While the company is close to releasing its advanced premium fingerprint biometric activated credit card the company’s engineers are now working on adding embedded AI into the card’s electronics.

05 June 2023

Company update/identity

IProov achieves UK digital ID certification

iProov, the world leader in facial biometric authentication technology, today announced it has achieved certification against the UK Government’s Digital Identity and Attributes Trust Framework (DIATF), co-created by identity stakeholders and the Department for Science Innovation and Technology (DCIT).

01 June 2023

Company update/security

Facephi secures UK certification

Facephi takes another step forward in the UK market and attains certification as an IDSP provider within the UK Digital Identity Certification Scheme.

31 May 2023

News/crypto

Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

26 May 2023

News/payments

Amazon One rolls out age verification so you can buy beer with just your palm

Amazon has added age verification capabilities to its palm reading technology, enabling eligible shoppers to buy alcohol with a wave of their hand - without having to dig into their wallets for ID.

25 May 2023

News/payments

Kuwait International Bank rolls out biometric cards

Kuwait International Bank has become the first lender to commercially roll out a biometric payments card using technology from Norwegian outfit Zwipe.

24 May 2023

Company update/security

Idex Biometrics expands in Asia with Doelpay link-up

IDEX Biometrics expands its presence in Asia by partnering with DoelPay, an innovative payments solution provider, to tap into the burgeoning market for biometric cards in Bangladesh.

23 May 2023

Company update/security

Idex Biometrics expands in Southeast Asia with MCS

IDEX Biometrics and MCS Microsystems (MCS) are partnering to develop next generation multi-application biometric smart cards.

16 May 2023

News/regulation

EU Parliament in favour of tougher rules for AI Act

The European Parliament lawmakers reached agreement on a strict set of rules on AI use in the EU to rein in AI systems and ensure transparency and security.

12 May 2023

Company update/security

Wultra and iProov to bring biometric tech to Czech banks

iProov, the global leader in biometric authentication, today announced a partnership with Wultra, the leading digital banking security provider in the Czech Republic. The partnership enables Wultra to provide iProov’s biometric solutions suite as part of its portfolio of digital banking solutions.

10 May 2023

News/regulation

ECEX ensures AML compliance with facial recognition at currency exchage machines

Currency exchange machines featuring facial recognition technology have been installed in a variety of airports and travel hubs across Europe in a bid to clamp down on money laundering.

05 May 2023

Company update/security

Permira Growth buys mintority stake in BioCatch

BioCatch, the pioneer of behavioral biometrics intelligence and a global leader in digital fraud detection, today announced that Permira Growth Opportunities has acquired a significant minority stake in the company from existing investors, making it the third largest shareholder in the company, following Bain Capital and Maverick Capital.

03 May 2023

News/crypto

Citi Digital Money Symposium: Global standardisation of cryptoassets is critical

Citi’s Digital Money Symposium brought together experts and businesses in the industry to explore trends and future developments in the digital money market.

31 March 2023

Company update/security

G+D unveils biometric tech

Although banks have mastered the use of passwords, customers increasingly look for more seamless but still secure ways to access their digital services.

28 March 2023

News/payments

JP Morgan pilots biometric payments with US merchants

JP Morgan is set to pilot biometric payments with retailers in the US, enabling shoppers to make purchases by scanning their palms or faces.

23 March 2023

News/identity

Trust:Live 2023: Evolving digital identity, intelligence and innovation

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

15 March 2023

News/regulation

Open finance prioritised in UK’s new Data Protection and Innovation Bill

The UK’s Department for Science, Innovation, and Technology has proposed a revised version of the Data Protection and Digital Innovation Bill.

10 March 2023