Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Citi Australia claims to have almost eliminated online fraud; now testing voice biometrics

Citi has slashed online fraud rates to "almost zero" in Australia by using two factor authentication, a system it is now preparing to roll out to its mobile banking customers, according to country chief executive Roy Gori.

15 October 2010

News/Biometrics

US firm pilots biometric vending machines

A US firm has begun testing biometric vending machines that enable customers to make purchases using their thumbprint, according to local press reports.

12 August 2010

News/Biometrics

Voice Commerce gets EU trademark for 'Trust Centre' in financial services

Voice Commerce has secured an EU trademark for the use of 'Trust Centre' - the term used to describe its voice biometric signature storage platform - in financial services.

07 July 2010

News/Biometrics

Poland's BPS unveils biometric cash machine

In a European first, Polish bank BPS has unveiled an ATM that uses Hitachi's finger vein authentication technology to identify customers.

13 May 2010

News/Biometrics

First United pilots ATM fingerprint authentication technology

US bank First United is set to pilot fingerprint authentication technology from Hawk Systems at six ATMs in the New York met area.

11 May 2010

News/Biometrics

Voice Commerce launches UK transaction authorisation platform

Voice Commerce has launched a platform that enables businesses in the UK to authenticate and authorise transactions using 'voice signatures'.

27 April 2010

News/Biometrics

Sagem to secure Android phone with m-banking friendly fingerprint ID

French handset manufacturer Sagem Wireless has revealed plans to launch a Google Android phone that incorporates fingerprint authentication technology that would help secure mobile financial services.

04 February 2010

News/Biometrics

Voice Commerce recruits RBS WorldPay's Tim Reynolds as CTO

Voice Commerce, a UK-based biometric payment verification vendor, has recruited RBS WorldPay executive Tim Reynolds as chief technology officer as it looks to capitalise on its recently achieved payment institution status.

20 January 2010

News/Biometrics

Bank Leumi introduces biometric password re-sets for online banking

Israel's Bank Leumi is introducing a password re-set feature for online banking customers that is operated by voice biometrics.

17 December 2009

News/Biometrics

NAB ponders voice biometrics for m-banking

National Australia Bank (NAB) is preparing to replace SMS pass codes with biometric voice verification to secure its mobile banking customers, according to CIO Magazine, New Zealand.

26 November 2009

News/Biometrics

Voice Commerce wins Payment Institution license from the FSA

Voice Commerce, the UK-based biometric payment verification group established by former RBS WorldPay founder Nick Ogden, has received authorisation from the Financial Services Authority to establish as a Payment Institution under the European Payment Services Directive (PSD).

11 November 2009

News/Biometrics

Indian counterfeit currency concerns spell bonanza for branch automation vendors

Branch automation vendors operating in India stand to gain from new central bank proposals to counter a recent surge in the circulation of counterfeit bank notes.

14 August 2009

News/Biometrics

Hitachi unveils biometric vending machine

Japanese electronics giant Hitachi has unveiled a vending machine that uses biometric authentication technology to enable customer to make payments simply by placing their finger over a scanner.

31 July 2009

News/Biometrics

NAB introduces voice biometrics for phone banking

National Australia Bank (NAB) has introduced biometric voice verification for its telephone banking customers.

10 June 2009

News/Biometrics

UK ID cards may get chip and PIN

The UK government is considering adding chip and PIN technology to its controversial new ID cards in a bid to combat identity fraud.

07 April 2009

News/Biometrics

US banks sign up for biometric project

The US-based Financial Services Technology Consortium has launched a project to investigate the use of biometrics for verifying customer IDs.

03 April 2009

News/Biometrics

Dutch supermarket fingerprint payments plan shelved

Dutch supermarket chain Albert Heijn has shelved plans to use fingerprint scanning technology as an alternative to card and cash payments at the check-out after a six month trial failed to dispel security concerns.

18 March 2009

News/Biometrics

UK Government to bring 'branchless banking' to developing economies

The UK Government is pledging £1.4 million to spur the development of biometric and mobile phone-based banking in emerging economies in Asia and Africa.

13 February 2009

News/Biometrics

Barclays pilots Microsoft Surface in new flagship concept branch

Barclays Bank has become the first bank in Europe to pilot Microsoft's Surface technology at a groundbreaking new branch in London that takes its inspiration from leading retailers such as Apple and Nike.

19 December 2008

News/Biometrics

Voice Commerce launches biometric payments system for TV advertisers

UK start-up Voice Commerce Group has launched a payments processing service for TV and IPTV advertisers that lets customers phone up and buy products by 'signing' for the transaction with their voice.

15 December 2008