EAB biometrics in banking seminars: A Q&A with Max Snijder
This fall, the European Association for Biometrics will host three ‘Biometrics in Banking and Payments’ seminars that will address the opportunities of biometrics in the financial and payments markets.
First announced in May, the EAB seminars will take place in Frankfurt on September 24, London on October 16, and Amsterdam on November 26.
In particular, the one-day seminars will focus on sharing use cases based on successful implementations and how to adapt them in the respective countries of the participants.
In an effort to ensure strong participation from the financial sector, the EAB has been working with local partners with strong ties to the financial industry.
BiometricUpdate.com had the opportunity to discuss the EAB ‘Biometrics in Banking and Payments’ seminars and what attendees can expect to learn from the events, with European Biometrics Group President and CEO Max Snijder.
What is the EAB’s main objectives in running the Biometrics in Banking and Payments seminars?
Max Snijder: The main objective is to connect the end users from the financial and mobile services sector with the biometrics community. Rather than invite the financial industry to a large biometric conference, we have chosen to have a dedicated event for this vertical market. By giving the financial institutions free access we ensure a strong participation by the end users. For the Frankfurt seminar, representatives from over 20 financial institutions have registered.
Who should attend these seminars?
People who typically should not miss this event are innovation managers, security officers, product managers and IT-managers from financial institutions. From the other side, people from the biometrics industry should take the opportunity to liaise with the financial sector in order to improve relations and information exchange.
What will attendees get out of the seminars?
There will be a win-win for all participants. The main outcome would be that we can see how biometrics are currently being deployed by some major financial institutions. The audience should leave with a better understanding on how biometrics are capable of supporting key processes in the financial services industry. In addition, a better overview will be provided of some very specific aspects of biometrics regarding security and convenience.
What kinds of topics will you address in the seminars?
The main topic will be how biometrics can facilitate state of the art solutions that improve user convenience while ensuring that the identity of the user is adequately being verified. That means that topics such as customer experience, passive and active authentication, business processes and costs-benefits of biometric enabled solutions will form the heart of the seminar.
What are some of the use cases the speakers will share?
The will be a focus on mobile transactions with either passive or active biometric authentication. That means that mobile transactions using biometric authentication on the background, as well mobile applications using on device authentication. These two models are strategically different and will both be discussed at the seminars.
What products and solutions will the seminar demonstrate?
A variety of solutions will be presented and demonstrated, based on biometric modalities such as vein pattern, fingerprints, signature, behavioral and facial recognition. Participants will be able to interact with the solution providers, ask questions and learn from their experiences. This is very important, because the speed of current developments carries the risk that information about how biometrics actually work and how it can best being deployed for certain applications, is not yet sufficiently distributed among the community of end-users.
What are some key drivers and developments in banking and payment practices that will increase the adoption of biometrics in the sector?
I will certainly not say something new if I say that mobility is the main driver. The explosion of mobile services drives financial institutions to create a new thinking about how to deliver their services. Pushed by the new kids on the block — like Apple Pay, PayPal, etc — the financial services landscape is subject to change, so are the underlying traditional business models. More and more we see that biometrics fill in a crucial gap that is being created by mobility: convenience is achieved by replacing passwords, strong authentication is achieved by connecting the physical characteristics to a mobile device. Because a smartphone is already highly personalized, adding biometrics completes the circle of trust. A unique power of biometrics is the integration of the physical person into a digital environment. With the emergence of mobile digital services biometrics provide the missing link by ensuring that a digital service is delivered to the right individual.
There are still a few seats available for the Frankfurt seminar, along with several open spaces for the London and Amsterdam events.
Article Topics
banking | biometric payment system | biometrics | EAB | European Association for Biometrics
EAB #biometrics in #banking seminars: A Q&A with Max Snijder: http://t.co/5CgtKPdTcn
EAB biometrics in banking seminars: A Q&A with Max Snijder http://t.co/nHIYPePeBQ
“EAB biometrics in banking seminars: A Q&A with Max Snijder – Biometric Update” http://t.co/jhuUwktSsf #EdufiveSeminarNews
EAB biometrics in banking seminars: A Q&A with Max Snijder:
http://t.co/9QeGK4vXKV
RT @BiometricUpdate: EAB #biometrics in #banking seminars: A Q&A with Max Snijder: http://t.co/WfeFTImEgm @euro_biometrics
RT @BiometricUpdate: EAB #biometrics in #banking seminars: A Q&A with Max Snijder: http://t.co/46hq7XxMwQ @euro_biometrics
RT @BiometricUpdate: EAB #biometrics in #banking seminars: A Q&A with Max Snijder: http://t.co/3yU96QNcKz @euro_biometrics
RT @BiometricUpdate: EAB #biometrics in #banking seminars: A Q&A with Max Snijder: http://t.co/jTxn3bN3Ju @euro_biometrics
“EAB biometrics in banking seminars: A Q&A with Max Snijder – Biometric Update” http://t.co/FMbmL3Cdhq #EdufiveSeminarNews