KYC bypass tools sold on Telegram to defeat biometric checks
Illegal hacking services designed to bypass Know Your Customer (KYC) facial biometric scans are being sold on Telegram channels to…
Financial Services
Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.
Nearly 40% of Gen Z report fraud losses as scams shift online: TransUnion
Gen Z is increasingly being targeted by online scammers: Nearly 40 percent of Gen Z consumers reported losing money to…
UK social engineering scams jump 62% as fraud tactics shift: BioCatch
While the United States is battling with credit card fraud and identity theft, UK consumers are being targeted by increased…
Kazakhstan adopts palm‑vein biometrics for banking in national deployment
Palm biometrics is getting a big boost in Central Asia as one of the world’s largest countries sees major implementation…
Ireland wants to make its welfare card more like a national ID
Ireland’s government wants to enable citizens to use Public Services Cards (PSC), currently distributed by the Department of Social Protection…
Cryptographic proof, biometric authentication solve KYC, white paper argues
Biometric authentication and verifiable digital credentials can provide the cryptographic foundation for fraud prevention and regulatory compliance financial institutions need,…
Mastercard in talks for digital financial inclusion project in Ethiopia
Officials of Ethiopia’s government-owned telecommunications company, Ethio telecom, recently held talks with a delegation from Mastercard on ways of reinvigorating…
iDenfy integrates reusable digital IDs to help businesses avoid onboarding fails
Businesses have long been dealing with a common behavioral issue when clients attempt their Know Your Customer (KYC) onboarding workflow:…
PNG expands mandatory digital ID to businesses taking gov’t contracts
The government of Papua New Guinea is making its national digital ID a mandatory form of authentication for all business…
Signzy integrates biometric KYC with Velocity FinCrime fraud, AML monitoring
Identity verification and regtech company Signzy has secured a deal to integrate its Know Your Customer (KYC) technology with Velocity…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection