Financial Services is the Theme in This Week’s Top Biometrics Stories Roundup

It’s a financial services-heavy roundup of the top stories on FindBiometrics this week, along with news of yet another new biometric offering tailored for the pandemic age.

Starting things off in the world of financial services, this week brought news of another integration of FacePhi’s selfie-based onboarding and authentication solution. This technology has proven highly popular among banks and other financial services providers; in this case, it has been embraced by Nubi, a Buenos Aires-based startup offering an online payments app:

Argentinian FinTech Startup Opts for FacePhi Biometric Authentication

The financial services sector also brought biometric payment card news this week, with IDEX Biometrics announcing that it had received an important new certification from China UnionPay. The latter’s Letter of Approval opens the door to a huge market opportunity, IDEX says:

Fingerprint Protected Payment Card with IDEX Biometrics Tech Scores LOA from China UnionPay

Meanwhile, a financial services giant – Mastercard – announced this week that it has joined the ID2020 Alliance. The latter is focused on building digital identity solutions for social and economic inclusion, and has actively explored the use of blockchain and biometric technologies to that end:

ID2020 Alliance Welcomes Mastercard to the Fold

… and readers also proved interested in some venture capital news, with California-based behavioral biometrics startup Deep Labs announcing that it had raised $16 million in funding:

Behavioral Biometrics Specialist Gets $16 Million in Funding

Finally, reader interest in biometric solutions for COVID-19 problems was demonstrated again this week in the popularity of an article about NEC’s efforts to tailor its renowned facial recognition technology for subjects wearing face masks:

NEC Announces Biometric Device to Identify People Wearing Masks

Stay posted to FindBiometrics next week as we continue to bring you the latest news and interviews from the exciting world of biometrics. To see the hottest stories of the week in mobile digital identity, visit our sibling site Mobile ID World.

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May 24, 2020 – by Alex Perala

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