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Improving financial onboarding and authentication through biometrics

Improving financial onboarding and authentication through biometrics

The world has truly gone digital. It is currently estimated that 3.8 billion people own a smartphone1, representing almost half of the entire world’s population. The rapid ascendance of smartphones around the world in recent years has upturned much of how we live our lives, from social media to online shopping. Banks and financial services companies have also had to adapt to this new digital landscape, providing their customers with new ways to access and manage their accounts.

This whitepaper by Aware explores traditional financial onboarding and authentication, the challenges of contemporary practices, and the benefits of biometrics in financial onboarding and authentication.

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