Latest Biometrics News: Finextra Research

French privacy watchdog questions Worldcoin data collection legality

France's privacy watchdog says that the legality of Worldcoin's biometric data gathering "seems questionable," according to Reuters.

28 July 2023

News/identity

Sam Altman's Worldcoin project launches

Worldcoin, Sam Altman's project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world.

24 July 2023

News/payments

Amazon rolls out palm payment tech to 500+ Whole Food Market stores

Amazon is rolling out its palm payment technology to all of its 500+ Whole Foods Market stores in the US.

24 July 2023

News/security

How is biometrics transforming banks’ security?

Finextra sat down with digital identity verification platform Veridas to learn more about how biometrics is taking over the cybersecurity industry. CEO and co-founder of Veridas Eduardo Azanza spoke on new developments in the field and the emerging technology’s potential to revolutionise security.

07 July 2023

News/security

Cops arrest man for taping photos to a dummy to trick mobile banking facial recognition

Brazilian police have arrested a man accused of taping photos of victims’ faces onto dummies to trick mobile banking facial recognition technology and then take out loans.

23 June 2023

News/crypto

Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

26 May 2023

News/payments

Amazon One rolls out age verification so you can buy beer with just your palm

Amazon has added age verification capabilities to its palm reading technology, enabling eligible shoppers to buy alcohol with a wave of their hand - without having to dig into their wallets for ID.

25 May 2023

News/payments

Kuwait International Bank rolls out biometric cards

Kuwait International Bank has become the first lender to commercially roll out a biometric payments card using technology from Norwegian outfit Zwipe.

24 May 2023

News/regulation

EU Parliament in favour of tougher rules for AI Act

The European Parliament lawmakers reached agreement on a strict set of rules on AI use in the EU to rein in AI systems and ensure transparency and security.

12 May 2023

News/regulation

ECEX ensures AML compliance with facial recognition at currency exchage machines

Currency exchange machines featuring facial recognition technology have been installed in a variety of airports and travel hubs across Europe in a bid to clamp down on money laundering.

05 May 2023

News/crypto

Citi Digital Money Symposium: Global standardisation of cryptoassets is critical

Citi’s Digital Money Symposium brought together experts and businesses in the industry to explore trends and future developments in the digital money market.

31 March 2023

News/payments

JP Morgan pilots biometric payments with US merchants

JP Morgan is set to pilot biometric payments with retailers in the US, enabling shoppers to make purchases by scanning their palms or faces.

23 March 2023

News/identity

Trust:Live 2023: Evolving digital identity, intelligence and innovation

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

15 March 2023

News/regulation

Open finance prioritised in UK’s new Data Protection and Innovation Bill

The UK’s Department for Science, Innovation, and Technology has proposed a revised version of the Data Protection and Digital Innovation Bill.

10 March 2023

News/identity

Tony Blair and William Hague call for digital identity cards

Former British political party leaders Sir Tony Blair and Lord William Hague have heralded digital identity cards as part of the "technological revolution."

24 February 2023

News/identity

Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

News/identity

LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

31 January 2023