Post Tagged with: "biometrics"

Is the Future of Finance Biometrics? Ant Financial Pays $70M to Find Out

Is the Future of Finance Biometrics? Ant Financial Pays $70M to Find Out

by September 14, 2016 at 11:18 am 0 comments

Financial technology may be evolving at a rapid pace, but well, so is financial crime — meaning that the security of online and mobile payments is a constantly developing area and nowhere more so than biometrics. This is obviously of interest to financial institutions across the globe, like the companyRead More

FinovateFall Day 1:  APIs, Biometrics, Big Data Analytics

FinovateFall Day 1: APIs, Biometrics, Big Data Analytics

by September 8, 2016 at 10:43 pm 1 comment

It’s that time of year again! Today, FinovateFall debuted in New York, where 39 fintech companies debuted their newest toys to a fintech-hungry audience. The technology presented ranged from the latest in biometrics, including voice and facial recognition, the latest in how to create insights for big data use–and more importantly,Read More

How Will Banks Secure the New Channels — Messaging, Video, Chatbots?

How Will Banks Secure the New Channels — Messaging, Video, Chatbots?

by July 21, 2016 at 12:50 pm 5 comments

The first video banking call crossing the Atlantic took place this week. A new virtual assistant (TouchAssist) and a new personal finance chatbot (Trim) both launched yesterday. Facebook Messenger recently reached 1 billion users — and 18,000 bots. There are more ways for customers to talk to banks than everRead More

Read My Lips (and Listen to My Voice) — Biometrics Goes Bimodal

Read My Lips (and Listen to My Voice) — Biometrics Goes Bimodal

by March 31, 2016 at 12:02 pm 1 comment

A Russian company wants to move users out of the password era with a combination of voice and facial recognition. SpeechPro, based in St. Petersburg, Russia, introduced its new authentication technology yesterday at FinDEVr in New York. Text-dependent systems like passwords are familiar and generally reliable, since they can be memorized and keptRead More

Nearly 10% of Mobile Banks Give Thumbs Up to Biometrics

Nearly 10% of Mobile Banks Give Thumbs Up to Biometrics

by March 23, 2016 at 11:54 am 1 comment

Passwords are broken, so why don’t banks do something about it? Oh wait, they are. A recent report by Celent indicates that 38% of banks with $100 billion or more in assets — there are 21 of them in the U.S. — offer fingerprint authentication. The most famous form ofRead More

Must Efficiency or Security Remain a Dilemma?

Digital Insight Announces Fingerprint ID for Android

by March 7, 2016 at 5:02 pm 1 comment

Digital Insight, acquired by NCR in 2013, announced today that Android Fingerprint ID would be incorporated into its mobile banking app in May. This feature allows mobile banking users to authenticate with fingerprints on Android devices. JPMorgan Chase, the nation’s largest bank, will likewise introduce fingerprint authentication for Android devices later this month.Read More

Biometrics Beats Blockchain at Bank Innovation 2016

Biometrics Beats Blockchain at Bank Innovation 2016

by March 2, 2016 at 12:06 pm 2 comments

SEATTLE – In the end, it came down to biometrics versus blockchain. Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event. They were: Asignio – authentication solution Autobooks – payments and accounting software for Fis Bankfacil – Sao Paulo-based securedRead More

U.S. Bank to Add TouchID to Its iOS App in March

U.S. Bank to Add TouchID to Its iOS App in March

by January 25, 2016 at 10:39 am 1 comment

U.S. Bank mobile customers: Get your thumbs ready. The fifth-largest bank in the nation will add TouchID biometric capabilities to its mobile app in March. U.S. Bank is a participant in Bank Innovation INV, Bank Innovation’s fintech accelerator that launched last week. The company made the disclosure as part of a notable iOSRead More

Wells Fargo to Roll Out Biometric Logins by June

Wells Fargo to Roll Out Biometric Logins by June

by January 13, 2016 at 11:53 am 4 comments

Wells Fargo & Co. will roll out biometric logins for its corporate customers in the first half of 2016, Bank Innovation has learned. The San Francisco-based bank will employ eyeprints, as well as face and voice recognition. Wells is doing this because new forms of authentication are desperately needed to secureRead More

Biometrics Get a Boost with MasterCard’s ‘Selfie Pay’ Test

Biometrics Get a Boost with MasterCard’s ‘Selfie Pay’ Test

by July 14, 2015 at 2:34 pm 0 comments

Would you like to authenticate a payment with a selfie? MasterCard hopes you do. The use case is simple. Swipe your card, and receive an alert on your smartphone asking you to show your face to prove you’re really you. MasterCard is currently testing this form of authentication with a smallRead More