October 15, 2016 -
The European Assocation for Biometrics (EAB) is presenting its 6th seminar on Biometrics in Banking and Payments on Friday, October 21, 2016 at the Citigroup Centre, Canada Square, Canary Wharf, London.
Speakers from leading biometric companies and solution providers will present about use cases and discuss the possibilities of using biometrics for convenient and secure authentication.
More than 14 financial institutions will participate, including Mastercard, Lloyds Banking Group, Tesco Bank, Vanquis Bank, Citibank, Visa, Financial Fraud Action UK, Allied Irish Bank, LBG, TSB Bank, Virgin Money, C. Hoare & Co, Commerzbank AG and Santander. The seminar also presents a line-up of international speakers, ranging from end users to experts who will discuss the current state of the art in biometric technology advances.
Biometrics is becoming mainstream in the financial transactions landscape says Arjan Bol, Country Manager MasterCard Netherlands says. “We are now examining the possibilities to integrate our technology in the banking and tech giants’ apps to make payments using a selfie or fingerprint even easier”. According to the Biometrics Research Group the financial services sector has emerged as a primary end-user market for biometrics technology worldwide.
The one day Biometrics in Banking and Payments seminar will address the trends and opportunities of this fast growing market. The speakers will offer their experience on how to best benefit from biometric technologies and solutions and will focus on the underlying business cases and developments in mobile banking and financial transactions.
A recent pilot by Mastercard revealed that 95 percent of the fingerprint users and 80 percent of the facial recognition users indicated that shopping became more convenient using biometric authentication. Besides ease of use, participants were also convinced about the safety of biometric payments. Almost 75 percent of users expected that biometric payments will decrease fraud.
The seminar is targeted to a broad profile of participants, such as innovation managers, customer journey experts, security managers, solution designers, marketing managers and legal experts.
Representatives from financial institutions get free access.