Biometric Technologies: The Identity Layer
The use of biometrics and identification technologies has skyrocketed within retail banking and has become an intrinsic part of the latest technology devices. But now the financial-markets industry is latching on to the potential of these technologies, once deemed science fiction, to strengthen and build out their security systems. By Josephine Gallagher
Identifying a person using biological data like fingerprints, facial features, voice, signature, or iris patterns was once a futuristic idea. Not only are biometrics widely used today, recent developments have taken the concept further and it is now possible to verify identities not only by physical attributes but also behavior.
Cyber criminals are becoming more sophisticated and their attacks more frequent, leading capital markets firms to follow in the footsteps of retail banking and tech
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