Biometrics are shaping the future of digital banking

This is a guest post by Paco Garcia, CTO at Yoti From blockchain to IoT solutions and digital challengers; the world of banking has been going through a series of changes in the way interactions with customers are carried out. As a result, the financial sector is introducing new and innovative products on an almost daily basis to ensure engagement stays high and loyal customers don’t sway. That’s why we’re seeing more ground breaking technologies enter the world of financial

Biometrics alone will not win the authentication wars

This is a guest post by Terry Nelms, Director of Research at Pindrop Robbing a bank used to mean walking into a building, making threats and walking out with a bag of money. Now, fraudsters rely on committing crimes without a physical presence. From halfway around the world they can phone-in or use the Internet to commit crimes. Obviously, the rules have changed. Hackers target banks and any business with a digital presence to steal people’s identities and export valuable

Passé passwords give way to biometric authentication

This is a guest post by Patrick Salyer, CEO of Gigya Many consumers use Twitter as their “go-to” resource for celebrity gossip, information on their favorite brands and just overall updates on current events and the latest news. However, Twitter is also a breeding ground for hoaxes and identity theft — as demonstrated by the NFL’s recent security breach. While social media has fueled consumer expectation for frictionless, real-time access to information, applications and networks, it’s also created an impatience

The password is dead

This is a guest post by Dr. John Callahan, Chief Technology Officer at Hoyos Labs. The death of passwords has been heralded for over a decade now, but these reports were often greatly exaggerated. In recent years this trend has begun to change, however, as new technologies are allowing companies to change how they secure access to digital assets. From traditional usernames and passwords to two-factor authentication, outdated security practices are failing to keep data secure. Last year, 63 percent

Biometrics and border security, law enforcement and facial recognition trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Industry insight In a guest post, the Secure Identity and Biometrics Association discusses the rise of biometrics and identity management in the homeland security enterprise and its Biometrics and Identity Innovations Forum in Washington, D.C. later this month. In a guest post, David Gerulski, VP at Integrated Biometrics, discusses how the use of biometrics as an identifier is having a positive effect

Biometric Update discusses passwords and biometric authentication on financial news show

A Special Report on Biometrics and Banking that was recently published by the Biometrics Research Group was featured on the Financial Sense Newshour radio program. Rawlson King, a contributing editor and lead researcher at BiometricUpdate.com, talked to Cris Sheridan, Senior Editor at Financial Sense, about the latest developments and trends in the biometric sector concerning the financial service technology. You can listen to full interview here. The 30 minute discussion focused on the campaigns by Microsoft and Google to eliminate

Africa benefits from biometrics as an identifier

This is a guest post by David Gerulski, VP at Integrated Biometrics The recent ID4Africa forum in Kigali, Rwanda was as exciting as it was insightful, with a buzz surrounding new technologies for launching digital ID systems throughout the continent. For mobile biometrics specifically, what is going on in Africa is truly a case of technology rising to meet the demands of a populace. The push for biometrics in Africa accelerated in September 2015, when world leaders adopted the United

The rise of biometrics and identity management in the homeland security enterprise

This is a guest post from the Secure Identity and Biometrics Association (SIBA). The Department of Homeland Security (DHS) is in the process of making significant financial, organizational and operational investments in biometrics and identity management. Much of this investment has occurred in the past year. In June 2015, DHS issued its Biometrics Strategic Framework, which indicated that the Department will refresh outdated biometric collections systems; centralize access to federal and international biometric databases; improve real-time access from field locations;

Beyond Touch ID

This is a guest post by Francis Mather, Director of Computer Vision at Hoyos Labs. Fingerprints are the most easily accessible biometric solution for mobile devices for the majority of users. High-end smartphones already come equipped with fingerprint sensors, and millions of people are using Touch ID to log into their devices and apps. From smartphones to credit cards, more businesses to beginning to adopt biometrics as a way to authenticate user account access. As these solutions become more widespread,

Biometrics: An industry view

This is a guest post by Amit Desai, Senior Director of Solutions Marketing for Verint Systems. Can you confirm your postcode? What’s your mother’s maiden name? What are the first, fourth and fifty-fourth letters of your secret password? In the face of such a barrage of ‘security questions’, the logical consequence of password-based authentication, customers rack their brains for the right answers and count the digits on their fingers. It is easy for frustrations to mount. Voice biometrics offers a