Latest Biometrics News: Finextra Research

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

News/payments

Sydney could use facial recognition for public transport payments

Sydney's commuters could soon ditch their contactless cards and pay for journeys with their faces, predicts the New South Wales transport minister.

15 July 2019

News/ai

NatWest introduces selfie-powered current account opening

NatWest customers can now open a current account within minutes on their phones simply by taking a selfie.

20 June 2019

News/Biometrics

Money 20/20 Europe 2019 Q&A: Rabobank’s Nico Strauss and Signicat’s John Erik Setsaas

Following their panel on why KYC is seen as a necessary evil, Finextra spoke to Nico Strauss, Tribe Lead B2B services at Rabobank and John Erik Setsaas, VP of Identity and Innovation at Signicat about how KYC could be used for social good, why digital identity is crucial for vulnerable groups like migrants and the impact of PSD2.

12 June 2019

News/ai

Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

News/Biometrics

Payment firms raise fears over EU security rules

A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants.

04 June 2019

News/Biometrics

Brits wary of new banking tech, despite high demand

Brits expect their banks to deliver the latest technology to them but are less likely to rush to use it, suggests a survey from ING.

15 May 2019

News/devops

Microsoft Build 2019: What stands out for fintech developers?

Thousands of developers, software engineers and students gathered at Microsoft Build 2019 to learn about the latest advances across technologies critical to the future of banking, such as artificial intelligence, blockchain, the Internet of Things and Mixed Reality for cloud or edge computing.

10 May 2019

News/Biometrics

DBS retrains call centre staff for digital future

Singapore's DBS has retrained more than 500 call centre employees for the digital age, creating new roles in areas such as social media, voice biometrics and live chat.

08 May 2019

News/Biometrics

Mastercard trials biometric cards in Mexico

Mastercard is teaming up with prepaid specialist Edenred and the Mexican state of Sonora to trial the use of cards with embedded fingerprint sensors for benefit programme disbursement.

07 May 2019

News/devops

Stripe buys Touchtech ahead of new EU online authentication rules

Stripe is gearing up for new EU-wide ecommerce transaction authentication rules by buying Irish biometrics specialist Touchtech Payments. Terms of the deal were not disclosed.

17 April 2019

News/Biometrics

Banks have been the catalyst for Nordic digital identity success

In conversation with Finextra Research, Arkwright’s Frank Wunderlich and Signicat’s John Erik Setsaas discuss their new report which highlights how the Nordic region can now act as a blueprint for digital identity success and how banks are crucial for this positive result.

09 April 2019

News/payments

Manchester to be test bed for finger vein payments

Manchester has been chosen as the global launch city for finger vein payments system, Fingopay.

01 April 2019

News/ai

Money 20/20 Asia Q&A: Onfido’s Husayn Kassai on fixing identity services

Husayn Kassai, CEO and co-founder of Onfido, spoke to Finextra Research at Money 20/20 Asia in Singapore about the broken identity verification process, the role of machine learning in this space and the benefits of a pan-Asian KYC plan for identity services.

27 March 2019