Gemalto tapped by Dai Nippon Printing to secure mobile banking apps with facial recognition
Gemalto has announced that it has been selected by Dai Nippon Printing (DNP) to provide its Mobile Protector facial biometric authentication solution for secure access to DNP mobile banking apps with a convenient user experience.
More than two-thirds of banks (68 percent) plan to implement facial recognition in the next five years, according to Gemalto’s 2017 eBanking Trends report, and 80 percent of consumers consider biometrics more secure than the traditional username and password combination.
“In Japan, we have seen more and more consumers accessing financial services through their mobile device. But in the meantime, users are also increasingly concerned about security, said Kunimitsu Sato, Deputy General Manager, Dai Nippon Printing Co., Ltd. By incorporating Gemalto’s facial recognition, the solution can bolster mobile banking security and provide a mobile authentication method customers love and trust. This should dramatically and significantly increase mobile banking usage.”
“We are pleased to continue our partnership with DNP and help them provide more secure mobile banking transactions, said Michael Au, senior vice president, Banking and Payment Asia, Gemalto. Our eBanking Trends research showed that 55 percent of consumers are willing to use biometric security measures for mobile banking, and banks in Japan can gain a competitive edge by adopting biometric authentication.”
A recent report from Jumio and Javelin Strategy & Research showed that millennials are twice as likely as baby boomers to use mobile banking, but that they are not patient with slow processes.