Tag Archives: Identification

In the modern world, an increasing number of personal transactions are reliant on positive identification. But this can be a problem as traditional identification documents can be stolen or forged. …

Customer identification is a vital part of the financial services industry, and it is important that financial institutions choose the best customer identification system to protect themselves and their clients. …

With merchants always on the lookout for a sale, consumers continuously demanding easier and faster checkout experiences and financial institutions seeking new and more efficient ways to mitigate fraud risks, …

Over the last five years, mobile payments have grown, grown and grown some more. In 2017, wallet spending amounted to USD 1.35 trillion. In 2018, that figure rose to USD …

Mobile banking is a huge demand from banking customers as well as a major piece of many financial institutions’ marketing strategies. With that in mind, Juniper Research came up with …

There has been an exponential uptick in the number of platforms, applications and tools based on machine learning and artificial intelligence (AI) technologies in recent years. Here are 10 AI …

Consumers choose to use digital services for one main reason – it solves an issue. In Kazakhstan, however, the adoption of digital services has been somewhat lower than in other …

In recent years, the banking sector of Uzbekistan has been undergoing a number of reform efforts aimed at improving the availability and quality of financial services, something important for sustained …

Russia’s Central Bank and Rostelecom plan on using biometric data collected by financial institutions to fill out the Unified Biometric System (EBS). EBS, designed to facilitate the delivery of banking …

In Kazakhstan, biometrics as an identification tool is still a far-away dream. Currently, the existing state database of citizens is being used for biometrics in the country. Although 11 financial …

A pilot project on digital signatures has just been launched in Kyrgyzstan. Starting this month, reports from those engaged in foreign economic relations (i.e. importers and exporters) will only be …

The National Bank of Kazakhstan, together with the banking community, is implementing a number of new initiatives on the digitization of financial services such as its launch of the interbank …

Payments are a trending topic in the FinTech world. Here are 18 predictions for what’s in store for payments in 2019: APIs– every board room is discussing APIs, but the …

A lot happened in 2018 – everything from Facebook’s Cambridge Analytica scandal and the net neutrality debate to cryptocurrency’s volatility and Brexit negotiations. Many of these events will impact FinTech …

Biometric bank cards are quickly emerging as a possible new reality that could make their way to markets soon. The cards, which look and act much like traditional bank cards, …

The first FinTech lab in Uzbekistan was announced at the ‘Open Innovations in the Banking Section’ session of the International Press Club. The FinTech lab will focus on facilitating the …

Production and effective communication is vital for any financial company in the modern world. Communication apps such as WhatsApp offer easy communication solutions; however, it is important that financial companies …

As a broader range of banking services are becoming available on a variety of new platforms, consumers are increasingly using a combination of channels to conduct banking activities. The next …

Just how well-equipped are businesses at recognizing their customers’ identities online? What types of investments are they making in customer recognition? And to what degree are they able to accurately …

Biometric technology such as fingerprint and facial recognition have been heralded for years as a replacement for passwords. While this may be true in the distant future, there are a …