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IDEMIA to provide biometric solutions to Singapore Changi Airport

News | Digital Identity, Security & Online Fraud | 07 Jun 2022

IDEMIA, an identity technologies provider, has announced that will provide biometric solutions to facilitate the passenger experience, in particular the immigration process, to Singapore Changi Airport, Terminals 1 and 2.

expansion, biometrics, identity verification, facial recognition, digital identity

Visa partners with PopID to launch facial verification payments

News | Digital Identity, Security & Online Fraud | 05 Apr 2022

Visa has teamed with UAE-based PopID to launch facial verification payment acceptance in the Middle East region.

facial recognition, Visa, partnership, biometric authentication

authID.ai secures USD 22.5 mln in new funding

News | Digital Identity, Security & Online Fraud | 22 Mar 2022

US-based identity verification company authID.ai has raised USD 22.5 million in financing for its expansion.

biometric authentication, facial recognition, fraud prevention, identity verification, digital identity

Asda launches digital self-ID tech for age verification at self-checkouts

News | Digital Identity, Security & Online Fraud | 09 Feb 2022

British supermarket chain Asda has announced its intention to implement automated age verification technology at self-checkouts in its branches nationwide.

partnership, facial recognition, identity verification, digital identity, identity method, checkout optimisation

BAXE launches DeFi ecosystem with facial authentication

News | Digital Identity, Security & Online Fraud | 09 Feb 2022

Australia-based fintech startup BAXE has partnered with France-based tech company IDEMIA and startup Haventec to launch a DeFi ecosystem with facial authentication.

partnership, facial recognition, DeFi, biometric authentication

Russian mobile network operator buys VisionLabs

News | Digital Identity, Security & Online Fraud | 17 Dec 2021

A subsidiary of Russia-based MTS has acquired Netherlands-based facial recognition company VisionLabs for USD 95.4 million.

facial recognition, acquisition, digital identity, biometric authentication, biometrics

Outseer's anti-fraud platform gets facial recognition capabilities

News | Digital Identity, Security & Online Fraud | 15 Oct 2021

US-based payment authentication company Outseer has enabled biometric onboarding and authentication for organisations using its Fraud Manager solution.

digital identity, identity verification, fraud prevention, facial recognition, account takeover, biometric authentication

NDB Bank implements video KYC solution

News | Digital Identity, Security & Online Fraud | 07 Jun 2021

National Development Bank (NDB Bank) has appointed software solutions partner, Axion Solutions, to implement Video Know-Your-Customer (vKYC) built by OneConnect.

banks, artificial intelligence, KYC, facial recognition, partnership, product launch

Sberbank to launch facial recognition service

News | Digital Identity, Security & Online Fraud | 26 Apr 2021

Russia-based bank Sberbank has announced rolling out a facial recognition service that will let customers pay for their groceries with just a glance.

Sberbank, facial recognition, product launch, partnership, banks

Juniper Research study estimates a growth of facial authentication in financial industry

News | Digital Identity, Security & Online Fraud | 14 Apr 2021

Juniper Research has unveiled a new study which suggests that the number of people using facial recognition software to authorise digital payments will double in the next few years. 

study, facial recognition, biometric authentication

As fraud soars, what's next for Buy Now Pay Later?

Voice of the Industry | Digital Identity, Security & Online Fraud | 06 Apr 2021

As Buy Now Pay Later (BNPL) market is on ascending path, Adam Desmond, Mitek stresses the importance of having the necessary fraud prevention measures in place to safeguard consumers

Mitek, BNPL, merchants, identity verification, KYC, AML, fraud management, facial recognition, digital identity

OCBC introduces facial biometrics for ATMs

News | Digital Identity, Security & Online Fraud | 19 Mar 2021

Singapore-based OCBC Bank has introduced facial biometrics for ATM services, which will allow users to access ATM services with just face recognition.

banks, facial recognition, ATM, biometrics, product launch, fraud prevention

DBS Bank supports SME open accounts in Singapore with selfie authentication

News | Digital Identity, Security & Online Fraud | 26 Feb 2021

Singapore’s DBS Bank has announced that small and medium-sized enterprises (SMEs) can set up a corporate account with the financial institution using selfie authentication.

bank account, biometric authentication, digital identity, SMEs, facial recognition

T-Money pilots facial recognition tech for touchless payments

News | Digital Identity, Security & Online Fraud | 26 Jan 2021

T-Money has trialled a pilot process to put in place and evaluate a system providing touchless biometric payment for public transportation in Korea using facial recognition tech. 

T-Money, trial, face biometrics, contactless payments, public transportation, facial recognition, Korea

FacePhi, Daegu Bank to collaborate in Korea's regulatory sandbox

News | Online & Mobile Banking | 19 Jan 2021

Spain-based biometric authentication company FacePhi has established further inroads into the APAC market through a new partnership with Korea’s Daegu Bank.

FacePhi , Daegu Bank, partnership, biometric onboarding, SelphID, facial recognition, IMBANK, mobile banking

FACEPOINT joins NICE Actimize's X-Sight Marketplace

News | Digital Identity, Security & Online Fraud | 15 Dec 2020

NICE Actimize has announced that FACEPOINT joined the X-Sight Marketplace, bringing its cutting-edge facial recognition tech for advanced KYC and watch list risk screening to the ecosystem. 

NICE Actimize, facial recognition, AML, KYC, risk screening, FACEPOINT, merger, data, risk mitigation

OneBanks, Co-op roll out kiosk banking concept in the UK

News | Online & Mobile Banking | 11 Dec 2020

New banking concept OneBanks has partnered with retailer Co-op to launch UK-based kiosk, according to thefintechtimes.com.

OneBanks, kiosk, banking, UK, CO-OP, traditional banks, brick and mortar, SME, facial recognition, cashless transaction

NEC to acquire Avaloq for USD 2.2 bln

News | Cryptocurrencies | 05 Oct 2020

Japan-based IT company NEC has announced the acquisition of Avaloq, a Switzerland-based large software provider to banks, for USD 2.2 billion, according to Financial Times.

 

NEC, Avaloq, Japan, Switzerland, software provider, acquisition, blockchain, facial recognition, security, privacy

FacePhi provides tech for remote pension payments in Argentina

News | Digital Identity, Security & Online Fraud | 30 Sep 2020

FacePhi has announced that its facial recognition technology is being used to enable senior citizens in Argentina to collect pensions remotely.

FacePhi , Argentina, biometrics, facial recognition, cybercrime, LATAM, banks

Up Romania rolls out facial-recognition payment system called PayByFace

News | Payments General | 17 Aug 2020

Financial solutions company Up Romania has announced the launch of PayByFace, a facial-recognition app.

Up Romania, Paybyface, facial-recognition payments, financial solutions, facial recognition, mobile app, payment card, selfie, PIN code, affiliated stores, biometric readers, consumer payment patterns, COVID19, pandemic