Biometric options are expanding, adding more layers to secure financial services

Biometrics offer safer payments and financial services in some of next week’s top stories Biometric updatebetween Socure’s addition of risk analysis through its $136 million acquisition, Keyo’s palm biometrics were integrated by Al.Tech to secure transactions in the DRC, and Mastercard launched key payments in a new region. The range of technologies being applied against different fraud vectors also includes Herta biometrics, used by the EU’s EITHOS project to detect fakes, as well as age assurance and automatic border control measures that a pair of governments are looking into for contract opportunities.

The best biometrics news of the week

Microexpression analysis is a new front opened in the fight against deepfakes by a European consortium known as EITHOS. Herta Security brings its biometrics expertise to the group, which has placed deep fake detection software with police in three countries for testing ahead of its planned 2025 launch.

CE wants to contract the development an age verification app to preserve privacy for $4.3 million. Bids for the two-year contract are limited to suppliers with a million euro turnover and significant experience meeting short deadlines for million euro contracts. Offers are due by November 18.

An RFI published by the Netherlands asks what automated border control system “in the future”. options are available that can integrate biometric data and help manage passenger flows. The country is preparing for the eventual production launch of the EES and a possible procurement announcement at the end of February.

Socure has acquired a fraud risk detection provider $136 million purchase to implement combinatorial rules in third-party systems and build new capabilities into its end-to-end platform. Socure also won a client protecting against fraud in higher education and related financial aid.

Keyo forms partnerships with technology integrators to build biometric palm scanners into apps and bring them to market. Among them is Al.Tech, which has developed solutions to meet Democratic Republic of Congo application for biometric paymentsidentity verification and access control.

Mastercard launches payment gateways in the Middle East and North Africafollowing their launch in India. Starting with the UAE noon payments platform, the Payment Key Service will be offered as a more secure alternative to OTPs for online orders.

A think tank in Washington, DC says America has a digital verification divisiondue to the lack of documents held by low-income and marginalized people and the merging of biometrics for identity verification with surveillance and law enforcement. Login.gov has helped less than it is supposed to so far, but evidence from ID.me suggests that the situation could be improved by biometrics.

Panama introduced a National digital ID and wallet for identity verification to access public and private services online. The digital ID is available to both citizens and permanent residents and essentially digitizes the national identity card provided by Mühlbauer and partners. The Electoral Tribunal supervises the implementation.

A new bill before the UK Parliament would establish a dedicated office to work on digital ID, as well as a national digital verification service to operationalize the DIATF. says Julie Dawson of Yoti DAU opens up opportunities for digital ID to help both people and businesses. The bill would also apply consent requirements for pixel tracking and device fingerprinting.

On ConnectID’s first birthday in Australia, MD Andrew Black sees progress in the country’s digital identity landscape, but warns it could be stalled. Interoperability is keyand new NSW digital minister Jihad Dib says his digital strategy takes inclusion as another.

The Sovrin Foundation plans to close its MainNet registry on March 31, 2025, in part due to declining usage and the impact of an uncertain regulatory environment on investors. Resources were being diverted and challenges with governance and community involvement, according to a Post on LinkedIn.

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Article topics

biometric authentication | biometry | Digital ID | digital identity | the week under review