Benefits of Relationship Banking: Evidence from Consumer Credit
The Benefits of Using Biometrics in Banking
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Transcript of The Benefits of Using Biometrics in Banking
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The Benefits of Using Biometrics in Banking
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How does biometric identification work?
Biometrics are automated methods of recognizing bank employees and customers through their physiological
characteristics such as fingerprints, finger and palm veins, iris patterns, and voice recognition.
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Benefits to Employees
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Biometrics benefits employees by providing more secure and
user friendly individual identification using unique
biometric characteristics. Major benefits include…
• Fast, secure, and user friendly authentication• A concrete audit trail of
transaction history• Fast branch banking• Encourages accountability and
productivity
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Benefits to Employees
Benefits to Customers
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Customers demand secure banking systems that protect their individual identities.
Biometric identification answers the call by providing banks the most accurate and
secure technology to identify customers. Major benefits of biometrics in banking to
customers include…
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Benefits to Customers
• Fast and secure banking transactions• Secure ATM customer identification• Secure mobile banking• Increased convenience and peace of mind
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Benefits to Banks
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Biometric identification technology is an integral and strategic part of financial service security platforms to prevent identity
theft and fraud. The major benefits of biometrics to banks include…
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• Reduction in security breaches• Fraud protection• Identity theft prevention• Secure mobile banking app authentication
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Benefits to Banks
1050 Crown Pointe Pkwy.Suite 850, Atlanta, GA 30338
USAPhone: (770) 393-0986
Fax: (678) 559-0219E-mail: [email protected]
www.m2sys.com
For more information on how to implement biometric ID in banking, please contact us!
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M2SYS@M2SYS
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