Biometrics for Banking and Financial Services
Securing customer’s and company data has always been a top priority within the financial sector.
For years, banks and financial companies have continued to improve their security measures so personal information that is divulged in order to set up accounts will have the utmost protection and will continue to keep fraudulent instances from happening.
With the expected increase in security, the financial institute has started to look into and invest in biometrics as an alternative form of passwords and PIN numbers.
With cost being one of the main reasons in holding companies back from implementing into all devices, companies have begun to increase the amount of pilot projects with online sites, ATM machines, phone applications and call centers, to grasp how customers would react to alternative methods of verification to ensure their savings, investments and personal information is protected.
At the first ever Biometrics in Banking and Financial Services Summit, IQPC will bring together leaders within the financial industry to discuss the next steps, challenges and case studies from experiences in integrating the cost efficient and futuristic technology to keep customer data safe while simplifying the process to access funds.
What are the Five Key Trends Happening in Biometric Adaption Across All Financial Services
1 – Biometrics set to replace PINs for ATM security in any one of these scenarios;
2 – Contactless mobile payments driven by mobile payment solutions offered by Apple, Google, Samsung, PayPal, Alipay and traditional payment scheme providers
3 – Rising Card-Not-Present (CNP) fraud tackled by mobile biometric user authentication and step-up transaction verification with support from EMVCo and 3D Secure 2.0
4 – Wearable payments to support biometric modalities that are fit for the device; including heartrate (ECG) and behavioral
5 – Multi-modal biometric authentication to become da-facto for mobile banking apps
Join the inaugural Biometrics for Banking and Financial Services Summit taking place June 27-29 in New York!
About the Biometrics Research Group
Biometrics Research Group, Inc. provides pro-prietary research, consumer and business data, custom consulting, and industry intelligence to help companies make informed business deci-sions.
We provide news, research and analysis to com-panies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, consulta-tion, workshops, executive conferences and our free daily BiometricUpdate.com news service.
Biometrics Research Group has positioned itself as the world’s preferred supplier of pure-play market research and consultancy services focused on the biometric marketplace, which particular focus on the law enforcement and national security sectors.
Our portfolio of white papers and full research reports is based upon high-quality quantitative analysis, allowing our clients to gain deeper understanding of the marketplace.
We customize our research design, data collec-tion, and statistical reporting using proprietary micro- and macroeconomic modeling and re-gression analysis.
Through integration of our research results with qualitative analysis from our BiometricUpdate.com news service, we provide actionable busi-ness analysis.
