FB pixel

EAB biometrics for banking and payments seminars attracts over 45 participating banks

| Justin Lee
Categories Biometrics News  |  Financial Services
 

The European Association for Biometrics (EAB) announced that over 45 banks and other financial institutions participated in its recent three seminars on ‘Biometrics for Banking and Payments’.

The seminars took place in Frankfurt, London and Amsterdam, the last of which was held on November 26.

The main takeaway from the EAB seminars is that biometric technologies are quickly becoming a significant element of various identification and authentication processes within the financial services industry.

The seminars emphasized user convenience, along with instilling confidence in financial institutions about the identity of the user.

In most cases biometrics is not presented as an identifier, but rather as a convenient tool to add the physical person to the chain of authentication tools in an environment that otherwise is fully digital.

Using a number of case studies and demonstrations, the seminars highlighted the combination of biometrics and smart devices is helping to create a range of innovative and user friendly client experiences.

Over 45 banks and other financial institutions have participated in EAB seminars, including ING Netherlands, Rabo Bank, SNS Bank, Binck Bank, ABN AMRO Bank, Deutsche Bank, BaFin, DKB, Commerzbank, AXA, Deutsche Kreditbank, Lufthansa AirPlus Servicekarten, German Association for Banks, Bundesverband Volksbanken, Raiffeisenbanken, Bank of Tokyo, Tesco Bank, Boursorama Banque, Royal Bank of Scotland, Tesco Bank, Santander, Lloyds Banking Group, Credit Suisse, Metro Bank and Barclays.

Other major area addressed in the seminars was how depending on the kind of application, biometrics such as behavior, voice and face are capable of performing continuous authentication without the user having to conduct any further action.

With the choice between on-device or off-device processing as well as the type of biometric modality to be used, the seminars questioned whether banks would eventually consolidate these options or if this variability would contribute to ensuring a specific use of the technologies for different scenarios.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Privacy-preserving age assurance has arrived; now, it has to keep its promises

The Final Communiqué from the 2026 Global Age Assurance Standards Summit is now available. Summarizing learnings and takeaways from the…

 

French prosecutors open probe into X, xAI over deepfakes

After the Paris public prosecutor’s office opened an investigation into X over alleged sexualized deepfakes and child sexual abuse material…

 

Deepfake penetration outpacing security preparedness: GetReal Security

GetReal Security’s new Deepfake Readiness Benchmark Report confirms what many businesses are saying: convincing AI deepfakes are no longer a…

 

VPNs on regulatory block in EU, UK as lawmakers address age check circumvention

A philosophical tug-of-war is at play in the debate over whether Virtual Private Networks (VPNs) enable easy circumvention of age…

 

Thailand mandates biometric IDV for all social media advertisers to curb scams

Social media platforms in Thailand, such as Facebook, will need to introduce identity verification for advertisers, according to a new…

 

City of London seeks digital ID orchestrator as reusable identity push accelerates

The City of London is calling on tech companies to build a reusable digital identity verification service for the financial…

Comments

18 Replies to “EAB biometrics for banking and payments seminars attracts over 45 participating banks”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Continue Reading

Biometric Market Analysis and Buyer's Guides

Most Viewed This Week

Featured Company

Learn More

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events