Latest Biometrics News: Finextra Research

Nets pilots pay by face

With the tagline ‘Hungry? Face it’, Nets has launched a pilot programme testing facial recognition at a cafeteria in Denamrk.

09 December 2019

News/security

NatWest tests biometric payment fob

NatWest is issuing a payment fob linked to a customer's fingerprint that will allow contactless payments of up to £100 to be made without the use of a bank card or mobile phone.

04 December 2019

News/security

Cornèrcard launches biometric credit card

Switzerland's Cornèrcard has teamed up with Gemalto and Visa to launch the country's first credit card featuring a biometric fingerprint reader.

21 November 2019

News/Biometrics

Barclays beefs up corporate VeinID scanner

Barclays has rolled out an improved version of its biometric finger vein scanner, which enables corporates to complete banking transactions without the need for PINs and passwords.

20 November 2019

News/Biometrics

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

06 November 2019

News/Biometrics

SCA – no more kicking the can down the road

With the EBA announcing a revised deadline for migration to Strong Customer Authentication (SCA) of December 31st 2020, how have industry players reacted and what now needs to happen make the transition a success?

18 October 2019

News/security

Bank cautions customers against using Samsung fingerprint reader

South Korea's KaKao Bank has told customers to switch off the fingerprint recognition option on Samsung Galaxy S10 phones because a security flaw lets unregistered prints unlock the handsets.

18 October 2019

News/Biometrics

NatWest to trial biometric credit card

NatWest is to begin a three-month trial of biometric fingerprint credit cards with 150 customers.

09 October 2019

News/Biometrics

Ten Thai banks to trial biometrics

Thailand's central bank is set to launch a test-use of biometric technology and has announced that ten institutions will participate.

07 October 2019

News/Biometrics

New York Mets introduces biometric payment kiosks

The New York Mets has installed AI and biometric powered self-checkout kiosks at its Citi Field stadium, enabling fans to pay for their brews and snacks using just a touch of their finger.

27 September 2019

News/security

Sibos 2019: Cyber-attackers operate like serial killers

Riffing on the risks involved with thriving in a hyper-connected world, Sibos 2019 in London explores the dangers of cyber attacks and how they can have a contagion effect across broader financial systems and impact financial stability.

25 September 2019

News/Biometrics

Emirates NBD opens app-only business bank

Emirates NBD is following the successful roll out of its millennial-focused digital banking offshoot Liv. with an equivalent mobile-only offering for small businesses.

25 September 2019

News/security

Lloyds sets the Rat on fraudsters

Lloyds Bank has rolled out a fraud prevention system, dubbed 'the Rat', that uses behavioural analysis to spot crooks and freeze them out of victims' accounts before they can make off with any money.

24 September 2019

News/security

Cyber-crime best tackled by international co-operation

Joining day two of the World Conference of Banking Institutes, Ian Dyson - Commissioner of the City of London Police addresses the challenges of cyber-crime in this period of digital disruption. In addition to the uncertainty surrounding Brexit and the potential no-deal outcome, the question of balancing privacy with data protection remains a critical priority for financial institutions in 2019.

18 September 2019

News/Biometrics

Deutsche Bank dives into 'Blue Water Fintech Space'

Deutsche Bank is looking to tap into China's burgeoning startup and innovation ecosystem with the opening of its first innovation hub, 'Blue Water Fintech Space', in Shanghai.

11 September 2019

News/payments

Amazon to let Whole Foods shoppers pay with a wave

Amazon is testing biometric technology that will let Whole Foods shoppers pay for their groceries by waving their hands, according to the New York Post.

05 September 2019

News/Biometrics

Telia and OP bank run public demo of payments by face

Finnish telco Telia and local bank OP Financial have been showcasing the potential of 5G to deliver payments by face, installing the technology in an ice cream truck in Helsinki's Vallila neighbourhood.

22 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

News/Biometrics

White hat hackers expose huge biometric security breach

Privacy researchers at vpnmentor have uncovered a huge data breach in security platform Biostar 2, a centralised biometric access control system used by UK police forces and major banks.

14 August 2019

News/Biometrics

Shinhan Card tests Face Pay

Korea's Shinhan Card group has begun testing a facial recognition-based payment system within the company's canteen and onsite convenience store.

07 August 2019