Financial Services

Financial Services biometric implementations will be attributable to new transactional and percentage-based model, as biometrics are used to secure and provide non-repudiation for medium to high end financial transactions. Furthermore, this revenue will likely be generated by non-biometric companies with a broad enough reach to enable transactional biometric infrastructures for financial institutions.

Banking and financial services represent enormous growth areas for biometric technology, with many deployments currently functioning and pilot projects announced frequently. The varied authentication requirements of financial institutions create opportunities for diverse implementations for both customer-facing and employee-facing authentication. Biometrics will not only secure and improve existing services but may enable new, high-value remote services which would not be possible without biometrics. 

 

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