Will Biometrics Usher in a New Era in Banking
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Will Biometrics Usher in a New Era in Banking?
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Transcript of Will Biometrics Usher in a New Era in Banking
Will Biometrics Usher in a New Era in Banking?
In an era where virtual banking is the norm, user
security is paramount for banks owing to cyber threats
While banks offer several security measures – for
instance, physical keyboards can be replaced with virtual
keyboards while logging in…
Banks have provisioned two-factor
authentication to improve user security.
And yet, user security gets compromised many a times.
Since many users find remembering bank account related
information cumbersome…
…such users note down confidential information on a piece
of paper exposing themselves to further risks…
In order to overcome these challenges, banks
are increasingly inclined to biometrics..
Biometrics recognize individuals by their unique
physical characteristics. These include:
A. Facial Recognition
B. Iris Recognition
C. Fingerprint Recognition
D. Finger-vein Recognition
E. Key-tap recognition
F. Heart-beat Recognition
G. Voice Recognition
While external biometrics such as fingerprint is relatively easier to replicate,
internal metrics such as heartbeat and finger vein are almost impossible to
replicate making these near failproof.
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