Latest Biometrics News: Finextra Research

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

Company update/payments

Fingerprints and Flywallet developing wearable biometric payment & access products for Europe

World-leading biometrics company Fingerprint Cards AB (Fingerprints™) and Flywallet, a biometric wearables technology startup, are collaborating to develop and launch biometric wearable products for the European market.

27 February 2023

News/identity

Tony Blair and William Hague call for digital identity cards

Former British political party leaders Sir Tony Blair and Lord William Hague have heralded digital identity cards as part of the "technological revolution."

24 February 2023

News/identity

Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

Company update/identity

Carrefour implements PopID's facial verification for payments in UAE

In a first for biometric payments in the UAE, Network International, the leading enabler of digital commerce in the Middle East and Africa region, and Carrefour, owned and operated by Majid Al Futtaim in the UAE, announced today that they have implemented the Face Pay face verification platform for payments from consumer authentication service provider PopID.

10 February 2023

Company update/startups

Biometric ID and payments platform Wink secures $3 million Seed investment

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment.

06 February 2023

News/identity

LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

31 January 2023