Survey says biometrics in banking on verge of become mainstream

According to a recent Mobey Forum survey, the use of biometrics in banking and payment systems is on the verge of becoming mainstream. The survey notes that major technological advances and economies of scale have enabled biometrics to gain strong momentum as a secure authentication factor to verify a customer’s identity in the areas of mobile banking and payment. The report argues that over the last two decades, the technology has steadily proven its credibility in this market, attracting the

Special Report: Mobile Biometrics Market Analysis

This report by Biometrics Research Group, Inc. examines the growing drivers for mobile biometric authentication and modes of biometric standardization. The report finds that the inclusion of biometrics in mobile devices will generate approximately US$9 billion worth of revenue by 2018 for the biometrics industry, not just through unlocking mobile devices through security applications, but also through multi-factor authentication services and the approval of instant electronic payments. The report also notes that IT consumerization will ultimately act as a catalyst

Consumers largely open to alternate authentication methods: report

Accenture announced it has published the Digital Trust in the IoT Era report, which finds that most consumers are growing tired of usernames and passwords and are interested in using alternative authentication methods. The findings illustrate a potential demand for biometric authentication solutions as consumers look to replace the traditional password and PIN systems with other authentication methods. The research, based on the Accenture’s survey of 24,000 consumers across six continents, finds that 60 percent of consumers find usernames and

Trustonic, Fingerprint Cards to secure FIDO Ready biometric authentication on smart devices

Trustonic and Fingerprint Cards AB announced they have partnered to secure FIDO Ready secure biometric authentication on mobile devices, such as smartphones and tablets. The partnership centers on FPCs touch fingerprint sensors (FPC1020, FPC1021 and FPC1150) and sensor driver software that are developed to take advantage of Trustonic