Facial recognition, fingerprint, iris scans, and more These biometrics in banking are just the beginning. Explore the top use cases.
Biometrics in banking is the use of unique physiological or behavioral characteristics of individuals for authentication and security purposes in digital banking transactions and account access.
Biometrics in banking is the use of unique physiological or behavioral characteristics of individuals for authentication and security purposes in digital banking transactions and account access. These characteristics can include facial recognition, voice recognition, fingerprint scans, or retina recognition.
Why do Banks Need Biometrics? With the rise of advanced transactional technologies to combat fraud, conventional security measures are no longer adequate. As a result, integrating biometric technology into banking systems is paramount for protecting against data breaches and other security threats.
Biometrics and Contactless: The Ultimate EMV Card Experience In-Store
Biometrics for the EMV card offers more than just convenience.
The final element needed to migrate the entire card experience to contactless, regardless of the payment amount.
The fact that the card keeps its ISO form factor and can be used in contact mode is a long-term step ensuring that EMV payments will remain the only truly universal payment d.
Contact and Contactless Use Cases For Biometric Payment Cards
PIN replacement
How can biometric tools help prevent online fraud?
To help counteract these fraudulent actions, new and powerful biometric tools can provide additional layers of defense by evaluating whether users are human, testing the veracity of visual artifacts and manipulated recordings, and identifying anomalies that may be atypical of online consumer behavior.
How does biometric authentication work?
As we have said, biometrics uses those unique, non-transferable features of the human being, so the authentication of security systems consists in creating and saving a model or data map that represents the user exclusively and serves to confirm their identity when they request access, whether to physical or virtual spaces.
How is biometrics transforming banking & financial institutions?
Banking and financial institutions are using biometrics to bring customers a safer and more seamless experience at every customer touchpoint.
Watch this video to learn how HID's world-leading facial recognition technology is transforming the banking and financial industry! .
Identification For Social Security Benefits Cards
Another attractive value proposition for the fingerprint EMV card is that biometry is an identification method, while a PIN code is an authentication method.
Let us explain.
The cardholder can share a PIN with other persons but can't do that with biometric data.
Issuers can utilise biometric identification to ensure the genuine cardholder receives .
Is a basic biometrics system a good idea?
A basic biometrics system isn’t going to provide the level of protection required in today’s banking and finance landscape.
Banks today must ensure they can confidently verify and authenticate they are engaging with a legitimate customer and not inadvertently aiding a fraudulent actor.
Nine Pilots as of December 2020
Thales biometric payment cards have been widely deployed and tested in customer trials worldwide.
As of November 2020, pilots had been conducted in nine countries over 30 months, generating considerable positive feedback.
They mainly appreciated the extra convenience.
Since 2018, pioneering banks in Cyprus, Italy, and Lebanon have rolled out their .
The Thales Gemalto Biometric Payment Card: Key Features
No battery, no worry.
Why Biometrics in Banking?
Current and future biometrics for commercial use cases
