Latest Biometrics News: Finextra Research

Spain blocks Sam Altman's Worldcoin venture

Sam Altman’s cryptocurrency outfit Worldcoin has been told by Spain to stop collecting and using people's personal data.

08 March 2024

News/payments

NextGen Nordics 2024: 40+ banks registered to attend

NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.

01 March 2024

News/payments

Biometric card pioneer Zwipe backs out of payment card market

Biometric card company Zwipe is backing out of the payments market following disappointing uptake of its fingerprint-powered contactless cards.

31 January 2024

News/identity

Mastercard bids to kill passwords with new biometric service

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.

26 January 2024

News/security

Revolut faces US class action suit over biometric data collection

Revolut is facing a class action lawsuit in Illinois alleging the UK fintech giant has unlawfully collected, used and stored customers' biometric data.

10 January 2024

News/security

EBL to launch 'world-first' biometric metal card

Eastern Bank in Bangladesh is launching what it claims is the world's first biometric metal card for premium customers.

21 December 2023

News/payments

Mastercard and NEC team on in-store biometric payments

Mastercard is working with NEC Corporation to push the use of facial recognition technology for instore payments in Asia Pacific.

15 November 2023

News/security

American Express to pilot biometrics at the online checkout

American Express is to pilot the use of facial and fingerprint recognition for authenticating users at online checkouts.

05 October 2023

News/payments

Mercedes transforms car into payment device

Mercedes-Benz is joining forces with Mastercard to introduce embedded in-car payments at the point of sale.

25 September 2023

News/regulation

French privacy watchdog questions Worldcoin data collection legality

France's privacy watchdog says that the legality of Worldcoin's biometric data gathering "seems questionable," according to Reuters.

28 July 2023

News/identity

Sam Altman's Worldcoin project launches

Worldcoin, Sam Altman's project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world.

24 July 2023

News/payments

Amazon rolls out palm payment tech to 500+ Whole Food Market stores

Amazon is rolling out its palm payment technology to all of its 500+ Whole Foods Market stores in the US.

24 July 2023

News/security

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

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

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

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

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

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