Tagged: Facial Recognition

Poland’s mPay Partners with iDenfy to use its Biometric Facial Recognition Software to Complete KYC Checks Needed for Mobile Payments

Poland’s mPay has teamed up with iDenfy to use its biometric facial recognition software, (selfie) liveness detection, and ID verification tech, in order to take care of its Know Your Customer (KYC) compliance checks for processing mobile payments. The mPay app allows users to conduct… Read More

SingPass, a Facial Recognition Solution for ID Verification, Will be Used by Singapore’s DBS Bank for Digital Onboarding

Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, has teamed up with the Government Technology Agency of Singapore (GovTech) to test out the SingPass face verification technology system. DBS Bank aims to attract… Read More

ID Verification Solutions Provider Trulioo has Developed New Facial Recognition and Document Authentication Software

Trulioo, a provider of global identity verification solutions, revealed on July 8, 2020 that it has developed  new document verification and facial recognition software. The new features will be added to EmbedID, a low-code developer tool that can work with the GlobalGateway API – which… Read More

Spain’s Retail Banking Group, Caixabank, Introduces Facial Recognition for ATM Withdrawals instead of Manual PIN Code Entry

Caixabank, a retail banking group in Spain, will be introducing facial recognition technology at 100 ATM locations across the country. The bank’s customers will be able to make withdrawals without having to enter their PIN codes. Facial recognition tech is also being used at the… Read More

Malaysia’s Telecommunications Firm Packet One Networks to Help the Financially Underserved after Acquiring Digital Banking License

C.C. Puan, the CEO at Packet One Networks (P1), a major wireless broadband provider focused on becoming an established mobile telecom by making access to the Internet a great experience for Malaysian residents, is planning to acquire a digital banking license. Puan remarked: “Getting the… Read More

Digital IDs: Tokyo-based Mizuho Bank to Test Online Customer Identification System based on Facial Recognition

Tokyo-based Mizuho Bank, the integrated corporate and retail banking division of Mizuho Financial Group (TYO: 8411; NYSE: MFG), the third largest financial services company in Japan, has initiated proof-of-concept (PoC) trials and testing of digital IDs that are based on device location and facial recognition…. Read More

Cryptocurrency Exchange Coinbase Tests Clearview AI’s Controversial Facial Recognition Software

Over two thousand firms have reportedly either tested or used facial recognition software solutions created by Clearview AI. The list of firms notably includes San Francisco-based crypto exchange Coinbase. BuzzFeed went through Clearview’s internal company documents and released its findings on February 28. The report… Read More

Nestle Grocery Store in Spain Introduces New Facial Recognition Payment System Designed By CaixaBank

A Nestle grocery store based in Spain has introduced a facial recognition payment system designed by CaixaBank and the institution’s Payment Innovation Hub alliance. Samsung, Global Payments, Visa, and Arval are members of the alliance. Nestle’s Face to Pay Market application can be downloaded from… Read More

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