Global Banking & Finance Review: Why biometrics are the need of the hour for customer experience and security
25 January 2019
By Stan Swearingen, CEO, IDEX Biometrics
It’s no secret that life as we once knew it has been transformed using technology with responsiveness playing a key role in keeping pace with digital transformation while prioritising security. For example, the introduction of biometric identification in the consumer ecosystem has been successfully accepted as ensuring superior security rapidly.
Biometric recognition involves automated identification of physiological properties, such as fingerprints, which are exclusive to an individual and are unlikely to change over time. However, it has also made a big impact on the smartphone market and has replaced security measures, such as passcodes, to protect the user’s data from theft.