Wednesday, January 24, 2018
Financial institutions are no strangers to biometrics, but they’re showing new interest in this technology, for good reason. Passwords have long been known as a flawed method of authentication. Many people still use the same password on several websites, making it easy for cybercriminals to steal their identity. To counteract that, FIs leverage multi-factor authentication such as one-time passwords sent over SMS or email, but customers find the process onerous. In response, biometric authentication using facial, fingerprint and voice recognition, as well as other biometric techniques and technologies, is on the rise worldwide.
Share