Biometrics

Biometrics are the new weapons of war against online fraud and supporting financial services with biometric authentication and their KYC (Know Your Customer) procedures. ​ There are many different areas where biometrics are being deployed. For example in digital identity; an alternative to user names and passwords; protecting against ID theft; account takeovers and multiple accounts. ​ Mobile biometric authentication is helping to verify new and returning customers at the point of log-ins, payments and digital on-boarding.

Chris Brown CTO at Trusek AND Authentiq8 Me

Beyond Passkeys: Why Financial Services Need a Stronger Path to Passwordless

For years, the financial services industry has wrestled with the weaknesses of traditional authentication. Passwords remain a prime attack vector, while one-time codes (SMS, email, and even TOTPs) continue to frustrate users and drive up fraud and support costs. In response, big tech companies have promoted passkeys as the new passwordless standar...

15 September 2025 /security /identity

Chris Brown CTO at Trusek AND Authentiq8 Me

FIDO2 Was a Game-Changer—But It Can’t Be the Finish Line in Authentication

Fast IDentity Online 2 (FIDO2) was the second iteration of a standard released by the FIDO Alliance and World Wide Web Consortium (W3C). It was designed to replace passwords as a means of authentication on the internet with cryptographic logins using device biometrics or security keys. When FIDO2 came onto the scene in 2018, it promised to bring u...

09 September 2025 /security /identity

Slava Mehovich Founder at AKDev Group

𝗙𝗮𝗰𝗲 𝗜𝗗 𝘃𝘀. 𝗙𝗶𝗻𝗴𝗲𝗿𝗽𝗿𝗶𝗻𝘁𝘀

Biometric technologies such as Face ID and fingerprint scanning are actively discussed in the financial technology industry. Let's figure out which one is more reliable in the context of financial transactions. Face ID uses an infrared TrueDepth camera that projects more than 30,000 dots to create a 3D map of the face. The data is converted into a...

24 July 2025 /security /identity

Brian Mahlangu Head Digital Commercialization at Absa Bank

The Secure Fingerprint: Why Biometrics Have Become Essential for Corporate Clients

One morning, as I was preparing for a meeting with a corporate client, I remembered a recent incident that underscored the importance of reliable security. A close colleague’s company had been the target of a significant cyber attack, with unauthorized users somehow gaining access to their internal systems. Despite two-factor authentication, someo...

11 November 2024 /security /crime

Raktim Singh Senior Industry Principal at Infosys

Biometric in banking

Recent years have witnessed a significant increase in the level of banking inclusion. In 2022, around 70% of the population had access to a bank account, up from ~40% a decade earlier, according to the World Bank. This expansion is primarily attributable to the digital revolution. As of 2014, only 35% of the adult population worldwide could send or...

19 January 2024 /security /retail

Liudas Kanapienis CEO at Ondato

How can telcos ensure regulatory compliance across multiple AML and KYC jurisdictions?

Besides the technical challenges they face protecting their customers from digital risks, telcos also have a big job on their hands when it comes to maintaining regulatory compliance.l AML (Anti-Money Laundering) and KYC/KYB (Know Your Customer/Know Your Business) regulations are having a significant impact on telcos across various jurisdictions. ...

07 August 2023 /regulation /identity

Retired Member 

In-store, online & in-app – unifying payment authentication

Often, new technologies are lauded as the death of existing ones. This has been undoubtedly true in some areas. Think audio cassettes and CDs, Betamax and VHS, fax machines and email… and a host of other examples. Sometimes the market and product vendors can influence this decision but, mostly, consumers decide which technologies win based on the ...

14 April 2023 /payments /identity

Simon Horswell Fraud Specialist Senior Manager at Entrust

Why biometrics are a nonnegotiable in 2023

If companies are serious about protecting themselves from fraud, simple knowledge-based authentication services are no longer going to cut it. The world has become vastly more digital over the last three years. Spurred by the pandemic, thousands of companies moved services online, and as they did, fraudsters went with them. A report from the UK ...

27 March 2023

Aida Hosseini Global Marketing Manager at Fingerprints

Retail card issuers’ next step in differentiating their card portfolios

From the goods and services we buy to the stores we visit, brands make up a big part of a consumer’s decision-making process. And the same is true for our finances. Traditionally, consumer banking has been dominated by long-established, highly recognizable names. This has meant that many consumers adopted a ‘bank-for-life’, but this has changed. Mo...

09 February 2023 /payments /retail

Retired Member 

KYC API: How KYC as a service works

APIs provide rapid and scalable applications for banking, payments, and other businesses that require identity verification for AML and KYC compliance. In most countries, some firms are obliged by law to comply with AML and KYC. When such firms authenticate their consumers, APIs may provide a faster, simpler, and less expensive way to comply while ...

13 December 2022 /identity /crime