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Mobile Biometrics in Financial Services

Mobile Biometrics in Financial Services

by Igor Mikhaylov2017-08-13

In recent years the financial services industry has seen important changes with the application of emerging technologies and the corresponding shift in user behaviours.

Biometric recognition is the automated recognition of individuals based on their physiological and/or behavioural characteristics. These characteristics (or traits) present properties that are distinctive (they are unique to individuals), and reasonably permanent (they do not change significantly over time).

Reliability, safety and accuracy of biometrics make them ideal for banking operations. The decision to deploy a biometric solution requires a deep understanding of its implications. These implications are multidimensional and include, security, privacy, and usability, and they should all be taken into account.

This topic is very well disclosed in this article.

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