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FINANCE

In the financial space, Bioteknix biometrics solutions help ensure that a customer is who he/she claims to be when accessing sensitive financial data by a wide range of biometric modalities such as Fingerprint, Iris, Voice, Face, Eyeprint, Palm Vein Pattern,behavioral and other types of biometric recognition are all used.


FINANCIAL BIOMETRICS THAT WE COME ACROSS IN OUR DAY-TO-DAY LIFE-

  • MOBILE WALLETS which allow users to make credit card payments online and at physical points of sale, use biometric authentication for security.
  • BANKING APPS use biometric authentication for login procedures. The matching method and modalities used vary from institution to institution, but face, voice, and fingerprint recognition are common among mobile banking applications
  • CALL CENTERS are matching the unique characteristics of a caller’s voice to a template as she speaks to a customer service agent or IVR system, banks can verify her identity without resorting to belaboring security questions.
  • ATMs are being outfitted with biometric sensors—most commonly fingerprint and face recognition—enabling customers to conveniently do away with card and PIN transactions.
  • POINTS OF SALE around the world are on the verge of embracing Naked Payments solutions, which leverage biometric sensors at retail checkouts that allow customers to simply pay by being themselves.

In that way, Bioteknix provides biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

Facial recognition security is used on the Human digital banking platform, which aims to promote financial inclusion using blockchain technology, cryptocurrency, and mobility.

New initiatives from biometric vendors and their partner financial institutions are paving the way for credit cards with embedded biometric sensors, promising stronger-than-PIN security with the convenience and familiarity of paying with plastic.