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

Biometric Authentication Part III – Sorting Out the Options

2020-01-20T11:34:26-05:00By |

Biometrics are the heir to the password for the reign of secure authentication. There are good reasons for that; our biometrics are naturally unique to us and could hardly be more convenient. They will enable strong authentication to become a seamless, transparent process that make login easier and more secure. But there are different ways [...]

Biometric Authentication Part II: Convenience and Security

2020-01-20T11:34:32-05:00By |

In Part One of this series, we looked at the topic of government and commercial organizations being hacked. Gaining access to our personal information is the objective of these breaches, and despite massive investments in anti-hacking technology there seems no end in sight. With that vicious cycle in mind, perhaps it’s time to make the [...]

Biometric Authentication Part I: A New Consumer Paradigm

2020-01-20T11:34:37-05:00By |

2015, according to the Chinese zodiac calendar, was the year of the sheep. In reality, though, it turned out to be the year of the hack. T-Mobile. ScottTrade. Ashley Madison. Even the U.S. Office of Personnel Management (OPM). All were victims of cyber hacking in 2015, and the personally identifiable information (PII) of millions was [...]

What’s in a Name? FIDO Enables Trust Without Passwords

2020-01-20T11:34:43-05:00By |

“Fido” in Latin translates as “to trust”, but it more commonly evokes thoughts of man’s most loyal companion. Abraham Lincoln had a dog named Fido, and among the most recognized (non-fictional) dogs in history was named Fido. He was a street dog that became famous in Italy in the 1950s for unwavering loyalty to his [...]

Biometric Database Interoperability for Fraud Prevention in LATAM

2020-01-20T11:35:07-05:00By |

Latin America (LATAM) is one of the most culturally rich and diverse regions in the world; a melting pot that combines native traditions with a perpetual influx of people from all corners of the world. Unfortunately, the diversity of its identity is matched by that of its identity credentials, and the opportunities for fraud it [...]

Biometric KYC (Part III) – Registration of Prepaid SIM Cards

2020-01-20T11:35:13-05:00By |

Millions of people in many parts of the world buy prepaid SIM cards to purchase mobile telephony and data services on a pay-as-you-go basis, as opposed to a subscription and contract. The vast majority of users are attracted to this model of service for its low cost, flexibility, and convenience. But the potential anonymity afforded [...]

Biometric KYC (Part II) – Biometric Identity Proofing Gets Off the Ground for Onboarding

2020-01-20T11:35:23-05:00By |

Biometrics have been primarily the business of governments for many years, which—for applications like law enforcement, defense, and border control—applied biometric search to “identify” people, essentially verifying their claimed identity.

Today, biometric sensors are ubiquitous, and millions of people are using biometrics many times each day for authentication. It’s now hard to remember a time when the association of biometrics with criminality was reflexive; a notion that collection of my fingerprints—let alone a mugshot— represents accusation and inherent mistrust. This is a powerful paradigm shift for the industry not only in terms of market potential but for the change in how consumers view biometrics [...]

Biometric KYC (Part I) – Keeping Fraudsters Out of Your System

2020-01-20T11:35:28-05:00By |

Some form of identity theft is at the heart of most financially-motivated fraud. A proliferation of personally identifiable information (PII) available through social media and other public sources is easily accessible to aspiring fraudsters, while the anonymity of Internet commerce and communication gives them plenty of cover. Illicit call centers troll for private identity data [...]