Financial Services

Financial servicesFinancial Services

Aware offers solutions for user authentication on a mobile device using biometrics. Aware’s Knomi™ mobile biometric authentication framework allows banking customers to use their mobile banking apps to login and perform transactions without using passwords.

Financial Services Solutions

Omnichannel authentication without passwords: biometrics provide consistency, convenience, security

2019-02-28T11:05:55-04:00By |

Omnichannel customer engagement is about establishing a presence across multiple devices and digital channels and then making the experience across those disparate channels as seamless as possible. This is especially vital in retail and banking. Consumers want to interact with brands and financial services providers on their terms. They crave a convenient user experience, whether [...]

Aware Biometrics Blog makes Top 25 Biometric Blogs list

2019-03-15T12:52:20-04:00By |

Biometrics Blogs List. The Best Biometrics Blogs from thousands of Biometrics blogs on the web using search and social metrics. Subscribe to these websites because they are actively working to educate, inspire, and empower their readers with frequent updates and high-quality information. These blogs are ranked based on following criteria Google reputation and Google search ranking [...]

Biometrics for Identity Proofing in the Private Sector

2019-03-15T13:00:47-04:00By |

Before an employer officially hires new personnel, security protocols typically require them to verify their applicant’s claimed identity. This process is known as “identity proofing”. It ensures that the identity information supplied by the applicant is truthful and accurate, answering the question, “who are you?” and in doing so, establishing them as a trusted employee. [...]

Aware lands among Enterprise Security Magazine’s Top Ten Multifactor Authentication Solution Providers for 2018

2019-03-15T13:01:42-04:00By |

Passwords were conceived for the computing systems of the 1960s; they are insecure and inconvenient for users of today’s Internet-centric computing environment. No matter what we do to shore up their effectiveness, hackers devise new ways to defeat them. Phishing, interception, knowledge-based guessing, brute-force attacks, and large-scale data breaches make authentication based solely on passwords unacceptably vulnerable.

Mobile biometric authentication: A password-free future comes into focus

2019-04-01T14:07:36-04:00By |

Introduction If you looked into your Magic 8-Ball and asked, “Will I ever be able to stop using passwords for authentication?” it would certainly reply: “Outlook good.” And the outlook is good considering biometrics are making authentication simpler and more secure than ever. Passwords have never looked so retro. But if you asked us the same question, [...]

The Future of Biometrics in Banking Is by the Books

2019-03-26T13:09:07-04:00By |

Financial institutions in the European Union have long acted as fintech beacons for the rest of the world. Case in point, the chip-and-PIN card technology that the U.S. only started rolling out in 2014 has been in use throughout the EU since the mid-2000s. Now the EU is preparing to take its next leap forward [...]

Mobile Biometric Security in Digital Banking

2019-03-26T13:12:52-04:00By |

The financial sector is doing a better job preventing cyber security breaches and fraud than other industries. According to a report from the Identity Theft Resource Center and CyberScout, the banking, credit, and financial sector experienced fewer data breaches in 2016 than any other sector. That doesn't mean banks are clear of threats. Financial institutions [...]

How Biometrics Expand the Reach of Mobile Banking

2019-03-27T10:59:03-04:00By |

For financial institutions, mobile banking is a cost-effective way to reach new consumers. The technology offers financial inclusion and unprecedented convenience. The Nielsen Mobile Shopping, Banking and Payment Survey found 47 percent of consumers across the globe used their mobile phones to check their account balances at least once in the six months prior to March 2016. 42 percent said they had used their mobile devices to pay bills.

The State of Biometrics Solutions: Use Cases and Advances

2019-03-26T13:14:09-04:00By |

Global Market Insights estimated that the biometrics market will be worth $31 billion by 2023, with future growth driven by consumer-facing applications like mobile authentication. Consumer electronics, healthcare, banking, and even the home safety industry are integrating advanced biometrics capabilities into their products, services, and operations. This is in part because biometric technology is performing [...]

Why Biometrics Will Replace the Password for Mobile Banking

2019-03-26T13:13:34-04:00By |

Banks are starting to question just how effective passwords really are at protecting their customers’ accounts. Customers also increasingly view passwords as outdated and insecure, particularly for use on mobile devices. Tech pundits have speculated that biometrics will soon replace use of passwords on mobile devices and that the financial industry will be the leading [...]