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 Customers also increasingly view passwords as outdated and insecure, particularly for use on mobile devices.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 [...]
The number of identity fraud cases increased 16 percent between 2015 and 2016, according to Javelin Strategy & Research. The finance sector still struggles to combat fraudsters. Despite increased adoption of EMV cards and robust password creation policies, banking customers are still falling victim to fraudsters, and it's costing banks big. U.S. financial institutions alone [...]
Infographic Biometrics-as-a-Service (BaaS) solutions from Aware are an attractive alternative to traditional biometric software models. This technology allows organizations of all types - from governments to telecommunications companies - to quickly deploy and start using biometrics technology in their day-to-day identity management operations. In other words, with BaaS, you [...]
“The nice thing about standards is that you have so many to choose from.” -Andrew Tanenbaum. As the biometrics market continues to mature, two phenomena become increasingly apparent. First, more and more institutions choose to adopt biometrics as an enhancement to their business. Secondly, these institutions seek to make use of existing standards for data [...]
Mobile technology has revolutionized many industries, and biometrics is one of them. As biometric authentication on handsets has become ubiquitous, the impact of its adoption has impacted biometrics beyond consumer applications. The mass-market scale of biometric authentication is driving useful technology improvements into biometric enrollment for search. One example is sensors. It wasn’t that long [...]
Identity authentication based on biometric matching continues to grow along with consumer acceptance in both private and public sectors. Biometrics, the unique physical characteristics that all human beings have, include fingerprints and iris scans, as well as facial and voice matching. These modalities can all be used – to various extents – to clearly identify [...]
Biometrics have continued the inevitable migration from the desktop device to the mobile device. Both the mobile industry and the biometric industry have continued to strive for smaller and more capable devices. The past few years have seen the accelerated adoption of biometrics on mobile devices. Most recently, iris biometrics have been added to Samsung [...]
We often hear about the benefits and applications of “multimodal” biometrics; the use of different biometric modalities together (e.g. fingerprint and face) to increase the performance and enrollment flexibility of biometric search and match solutions. There are cases where going multimodal is an ideal solution, but others where it’s not an attractive option. The benefits [...]
Of all the things we do online, managing our passwords has to be our least favorite. The horror stories are told over and over again – password phishing, stolen identities, data breaches. Billions of dollars are spent every year by business, government, and consumers in an attempt to safeguard our most cherished belongings: our identities. [...]
Banks keep making banking easier, and that means cutting down on branch visits or eliminating them altogether by giving customers really great mobile apps. Perhaps more than any type of business, banking and financial services firms increasingly rely on the sophistication and ease-of-use of their mobile applications to attract new customers and keep them. They [...]
