financial services biometrics

Jumio and Mobiquity to Improve Onboarding for Banks, Retailers, Large Enterprises

Jumio and Mobiquity to Improve Onboarding for Banks, Retailers, Large Enterprises

Jumio and Mobiquity are teaming up to provide better onboarding solutions for banks, retailers, and other large enterprises. Mobiquity is a consultancy that designs digital products for major brands, and regularly partners with technology companies that offer solutions that can enhance those products. With that in mind, the partnership with Jumio will allow Mobiquity to…

China UnionPay Gives ‘Letter of Approval’ for Biometric Payment Card

China UnionPay Gives ‘Letter of Approval’ for Biometric Payment Card

“This LOA is a critical step to driving mass adoption in China. IDEX and our partners are now approved for deployment in the world’s largest market for payment cards.” Vince Graziani, CEO, IDEX Biometrics  IDEX Biometrics is celebrating another important step toward mass commercialization of biometric payment cards: the company says that a card featuring…

ABI Predicts COVID-19 will Lead to More Contactless Payment Cards

ABI Predicts COVID-19 will Lead to More Contactless Payment Cards

ABI Research is predicting that COVID-19 will accelerate the adoption of contactless payment cards. The firm now believes the number of cards issued in 2020 will exceed initial estimates by more than 110 million cards, a figure that will bring the total number of contactless payment cards in circulation to more than 2 billion internationally. …

IDEX Ramps Up Production to Meet Biometric Tech Orders

IDEX Ramps Up Production to Meet Biometric Tech Orders

IDEX Biometrics has revealed that it has received more than $700,000 in production orders through the first four months of 2020. The company is currently ramping up production to meet those obligations, and expects to ship the orders in the second and third quarters of the year. The components will be shipped to customers in…

ikigai Banking App Relies on TruNarrative for Identity Verification

ikigai Banking App Relies on TruNarrative for Identity Verification

TruNarrative will be providing identity verification and onboarding services for the ikigai wealth management and banking platform. ikigai’s app allows users to create a budget, monitor their spending, and make (and track) investments through a single interface. All of those services are offered at a £20 flat monthly fee, which distinguishes the UK-based ikigai from…

Zwipe Teams Up with Another Hong Kong Card Manufacturer

Zwipe Teams Up with Another Hong Kong Card Manufacturer

Zwipe is continuing to make inroads in the Asian market. The company has formed a partnership with Hong Kong’s Asia Credit Card (ACC) to develop a full portfolio of biometric payment services and products. The partnership will focus primarily on biometric payment cards. Zwipe is planning to launch its Pay ONE platform later this year,…

FacePhi Provides Biometric Onboarding for Uruguay’s Creditel

FacePhi Provides Biometric Onboarding for Uruguay’s Creditel

FacePhi has picked up a second financial customer in Uruguay. The facial recognition specialist has announced that it will be delivering the SelphID onboarding and authentication platform for Creditel, which is one of the largest credit providers in the country. SelphID utilizes document and facial recognition to compare a selfie to the photo on an…

Kangbuk Samsung Hospital Uses FacePhi Biometrics For Patient ID Verification

Kangbuk Samsung Hospital Uses FacePhi Biometrics For Patient ID Verification

FacePhi has been able to maintain all of its primary business operations in the midst of the COVID-19 pandemic. The facial recognition specialist has been able to advance all of its business and R&D initiatives, including the implementation of biometric authentication technology at the Kangbuk Samsung Hospital in Seoul, South Korea. The Kangbuk deployment came about…

IDEMIA, Zwipe and IDEX Biometrics Collaborate on New Smart Card Solution

IDEMIA, Zwipe and IDEX Biometrics Collaborate on New Smart Card Solution

IDEMIA and Zwipe have successfully produced the first samples of a new chip designed for biometric cards. The companies will now move forward with a pilot launch in the second half of 2020, ahead of mass production and a full commercial launch in 2021. Those cards will feature a fingerprint sensor from IDEX Biometrics. The…

FacePhi Partners with Santander Argentina

FacePhi Partners with Santander Argentina

Another Argentinian bank has chosen to adopt FacePhi’s SelphID onboarding solution. The facial recognition specialist has announced that it is teaming up with Santander Argentina and Compusistem, the latter of which is the technological partner for the bank. SelphID uses face and document recognition to compare a selfie to the photo on an official ID…

Aware Provides Knomi Authentication for Multiple Latin American Banks

Aware Provides Knomi Authentication for Multiple Latin American Banks

Aware, Inc. is expanding its presence in Latin America. The technology specialist is now providing biometric authentication for a slew of leading banks throughout the region. The company did not disclose the names or number of its current partners, but indicated that they had all integrated Aware’s Knomi authentication platform into their mobile banking apps.…

Jumio Provides Mobile Onboarding for CIMB Bank Philippines

Jumio Provides Mobile Onboarding for CIMB Bank Philippines

Jumio is providing secure identity verification and onboarding services for CIMB Bank Philippines. The all-digital bank will specifically be deploying Jumio’s portfolio of selfie-based authentication solutions, which will significantly reduce the amount of time mobile customers need to open new accounts. To that end, CIMB noted that it is the fastest-growing digital bank in the…

CULedger Celebrates Pilot of Biometric MyCUID Solution for Credit Unions

CULedger Celebrates Pilot of Biometric MyCUID Solution for Credit Unions

The Credit Union Service Organization (CUSO) CULedger has completed a successful pilot of its new MyCUID digital credential. MyCUID is compliant with the latest Know Your Customer regulations, and uses mobile biometrics to verify the identities of credit union customers. The platform leverages the biometric readers available on many modern smartphones, and can authenticate users…

Amex, Insurance Company Launch Activity-Based Rewards Credit Card

Amex, Insurance Company Launch Activity-Based Rewards Credit Card

American Express and Vitality — a life insurance and investment company — have teamed up to launch a new credit card that rewards users based on how physically active they are. The Vitality American Express Card — available to existing Vitality members with eligible policies — will offer cash-back rewards depending on how physically active…

Iovation Study Points to Importance of Mobile Security in Financial Services

Iovation Study Points to Importance of Mobile Security in Financial Services

“…just as younger consumers tend to show a higher preference for mobile banking, those in the 18-34 age range tend to prefer using the biometric authentication capabilities of those devices, whereas older survey respondents showed more of a preference for security questions.” Customers are increasingly accessing financial services on mobile devices, and providers need to…

Hearsay Systems Launches Biometric and PIN Security for Hearsay Relate App

Hearsay Systems Launches Biometric and PIN Security for Hearsay Relate App

Hearsay Systems has announced the launch of improved security for its Hearsay Relate app in the form of a multimodal approach featuring biometric and PIN-based authorization. Hearsay Systems is a provider of business solutions for financial services organizations through its various products and services, including Hearsay Cloud, Hearsay Social, and the Hearsay Relate app. Agents…

Money20/20 Driving Biometric FinTech Discourse in Las Vegas and Hangzhou

Money20/20 Driving Biometric FinTech Discourse in Las Vegas and Hangzhou

Money20/20 organizers have officially announced the return of their China-based event. First launched last year, Money20/20 China drew a crowd of over 2000 professionals from 53 countries. Now, organizers say that Money20/20 2019 will have capacity for more than 2500 people, and will feature over 300 speakers. Organizers have also revealed an ambitiously wide-ranging slate…