Integration of Biometric Technology Into Consumers Daily Lives

Integration of Biometric Technology Into Consumers Daily Lives

Hakan Nordfjell

eBanking Specialist at Gemalto UK

Views 519

Integration of Biometric Technology Into Consumers Daily Lives

15.07.2016 01:30 pm

It’s encouraging to see more conversations take place around the role biometric sensors can play in authentication. Increased consumer demand for these services highlights the potential this technology has. With most of us having to remember an increasing number of passwords every day, biometric sensors offer a much simpler and convenient way for us to prove our credentials.

Where we see additional potential is around the area of ‘silent authentication’, where biometrics and behavioral data are analysed in the background and end users are not asked to participate directly. Factors such as location, habits and patterns, customer journeys (e.g. click speed, page sequence, typing, interaction with touch screen, etc.) can be measured to create a behavioural profile that is distinctive and unique to each user. Using this profile, all transactions can be analysed and associated with a risk score which represents the confidence the bank has in the identity of the user – allowing banks and other organisations to find the right balance between security and convenience. Silent authentication provides an extra layer of security with real-time risk-based analysis, which helps mitigate fraud without impacting user convenience

Latest blogs

Alan Koenigsberg Visa Business Solutions

Rising to the Global B2B Payments Challenge

In today’s fast-changing business environment, international organisations all over the world increasingly expect global access to finance in real-time. They also expect finance to be available in a way that works for them in any currency and Read more »

Alex Chen FIME

Transit Ticketing in APAC – key takeaways from Singapore

Last month, we visited Singapore for Global Mass Transit’s (GMT) annual Transit Ticketing & Fare Collection APAC conference. Rapidly becoming the event in the APAC transit industry’s calendar, this year’s show didn’t disappoint. Read more »

Faniel Thomas Moneyfarm

What You Need to Know About Stocks and Shares ISAs

Many of us are familiar with the tax-free benefits associated with a standard Individual Savings Account (ISA). However, a variant known as a stocks and shares ISA is becoming an increasingly popular alternative. What is the basic principle behind a Read more »

Simon Richards tekVizion

The parable of the breakfast cereal - and what banks' Ops teams can learn from it

There’s an iconic TV advert in the UK for a breakfast cereal, where even the ‘hero’ can’t eat more than two Shredded Wheat. It was even cited by David Cameron when he was Prime Minister, when he declared he wouldn’t seek a third term. Created in the Read more »

Martijn Groot Asset Control

How Machine Learning is Changing Data Management and Investment Processes for Active Managers

AI and Machine Learning techniques are finding their way into financial services. Ranging from operational efficiencies to more effective detection of fraud and money-laundering, firms are embracing techniques that find patterns, learn from them and Read more »

Related Blogs

Thomas Rex Fingerprints

Are biometrics pointing to opportunities for banks?

Innovation comes in many forms. It makes the world around us look better, work faster and be more useful for companies, consumers and communities. Biometric technology has been around now for some time, but recent technological developments are Read more »

Lina Andolf-Orup Fingerprints

Fingerprint On The Pulse: Biometrics On The Move In More Places Than One

We may be halfway through 2019, but as the year hurtles onwards, it’s important to pause and reflect on the latest and greatest news from Q2. With milestones surpassed – and fading into the distance – coupled with the ongoing adoption of biometrics Read more »

Lina Andolf-Orup Fingerprints

Finger on the pulse! 2019’s big biometric news so far…

It’s already Q2! It has been a momentous few months for biometrics, so it’s not surprising the year is passing so quickly. New products launched, new milestones reached, and new market trials initiated. Biometrics is expanding and advancing rapidly Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel