Vietnam Busts AI-Powered Money Laundering Ring Using Fake Face Scans
Vietnamese authorities have dismantled a large-scale money laundering operation that exploited artificial intelligence to defeat biometric banking security.…
banking security
Articles tagged with banking security
BIO-key Expands African Presence with Mozambique Bank Security Deal
BIO-key International has partnered with technology provider Runlevel to deploy its identity and access management (IAM) solutions in Portuguese-speaking…
Vietnam to Restrict Corporate Bank Access Without Biometric Verification by 2025
Vietnam’s central bank has announced that corporate bank accounts will face digital service restrictions if they fail to complete biometric verification by…
ID Tech Digest – May 2, 2025
Welcome to ID Tech’s digest of identity industry news. Here’s what you need to know about the world of digital identity and biometrics today: FaceTec Names…
ebankIT Partners with Prove to Boost Digital Banking Security Worldwide
Digital banking solutions provider ebankIT has partnered with identity verification firm Prove to integrate Prove’s mobile-centric authentication technologies…
Russian Biometric Payment Transactions Surge to $331M as Adoption Grows
Russia’s biometric payment systems are experiencing rapid growth, with total transaction volume reaching 28 billion rubles ($331 million), according to a new…
Czech Startup Wultra Raises €3M for Post-Quantum Banking Security
Czech cybersecurity startup Wultra has secured €3 million (approximately $3.09 million USD) in a funding round led by Tensor Ventures, with participation from…
Vietnam Mandates Biometric Authentication for Online Banking by 2025
Vietnam is implementing a comprehensive biometric verification requirement for online banking transactions beginning January 1, 2025, expanding on its initial…
Banks Adopt Behavioral Biometrics as CFPB Cracks Down on Digital Payment Fraud
Financial institutions are increasingly implementing behavioral biometrics as a defense against rising digital payment scams. The technology analyzes user…
Kazakhstan to Launch National System for Biometric Authentication by Year’s End: PM
Kazakhstan plans to launch a centralized national system for remote biometric authentication, marking a significant advancement in the country’s digital…