financial services biometrics

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…