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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.
Biometric technology has only been taken seriously by many in financial services since the start of the pandemic, which made the remote onboarding of customers a necessity. Biometrics is already provi...
How we managed payments only few years ago is now going through a big change on every level. Not only are we seeing the expansion of digital platforms, but also new products like digital wallets and b...
Of the 333,000 items found on the London Transport network each year, around one in ten are mobile phones. And while we may not have all experienced losing this most treasured of items, we can empath...
Passwords have long been an archaic form of access security. A recent survey showed that one in 10 people would rather get a root canal or a filling than create a unique password for every online acc...
New official figures have revealed the extent of the threat posed by online fraudsters. The National Cyber Security Centre (NCSC) has removed more scams in the last 12-months than in the previous thre...
Banks have been dealing with a balancing act between “fast and frictionless” and “secure and accurate” for many years, with consumers long pushing to move away from traditional, friction-based means o...
Today, there is key requirement for remote digital onboarding and authentication practices, and that is biometric liveness detection. Biometrics provide a secure method for matching a person's face, v...
Last year Amazon announced the adoption of a game changer for payments; Amazon One, which allows shoppers to pay at stores by placing their palm over a scanning device when they walk in the door or wh...
In today's world of biometric authentication and digital identity, proving that someone is real is a serious challenge for online and mobile services. Deepfakes, 3D masks, and even fake photos of peop...
When it comes to choosing a biometric liveness detection vendor for remote digital onboarding or authentication, there are several factors to consider. Reliability, speed, the user experience and abov...
Biometrics will be in high demand in order for economies to function during the Covid-19 virus outbreak. Many onboarding practices with traditional banks involve the customers making a trip to the loc...
Strong customer authentication necessarily forms the backbone of any fintech application and it is common to make use of multi-factor authentication (MFA) to provide additional levels of security to p...