Many fintechs are considering changes to make their UX as slick and polished as possible, especially in authentication.
BioCatch tracks the behavior of users on websites to gauge whether they are a real customer or a fraudster; they...
Amazon is currently in the early stages of building a new checkout terminal for coffee shops, fast-food restaurants and other...
Mastercard said all consumers will be able to use biometric identification when they shop and pay by April of next year; banks offering Mastercard branded cards will have to have biometrics alongside the typical PIN and password; the company cited consumers preference for this type of authentication and new regulations like PSD2 in Europe; Mark Barnett, president, Mastercard UK and Ireland, tells Banking Technology: “It will make the purchase much smoother, and instead of having to remember passwords to authenticate, shoppers will have the chance to use a fingerprint or a picture of themselves.” Source.
With apologies to Marc Andreesson who famously said several years ago that software is eating the world, I think that...
As rigid, password-based systems lead to more security breaches, they are quickly replaced by real-time biometrics, leading to a passwordless future.
Last week there was a call from 40 consumer advocacy groups that facial recognition technology should be banned, starting with...
This marks a first for a UK bank to launch a biometric fingerprint card; it is currently in pilot phase...
Lend Academy explores how biometrics technology is going to change the finance world, cutting down on cyber-hacks and data breaches; discusses thumb prints, voice interaction/ authentication, iris scanning and now face recognition with the new iPhone X; one technology with a lot of potential is behavioral biometrics; while we are still early there are still many interesting things happening in this space and it is an area to keep an eye on. Source
As consumers reel from yet another massive data hack, this time of Equifax, fintech leaders are looking to solve the problem to prevent future hacks from happening; Chris Skinner offers up a couple of solutions that corporates and financial services firms should implement; biometrics & touchID, though these are not hack proof, and blockchain technology; he points out the power and security of the blockchain in helping to keep personal data secure. Source.