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Better banking experiences start with strong authentication and face biometric

Better banking experiences start with strong authentication and face biometric
 

Banking should be easy and safe. Financial institutions need to meet increasing customer demand for accessibility and convenience while ensuring that their assets are protected. With the ongoing wave of digital transformation amplified by an accelerating need for remote and mobile channels, the bars for both convenience and security have been raised.

Fraud is on the rise, and it is taking its toll on the bottom line. Meanwhile, retaining customer loyalty has become a competition to provide the widest reaching omnichannel experience with the least amount of user friction. Biometric technologies offer a solution by empowering financial services providers to level up security, expand mobile capabilities and improve the customer journey.

This executive brief by HID Global will outline the state of strong authentication in banking and introduce a new biometric multi-factor authentication (MFA) solution aimed specifically at satisfying customers and defending against fraud using facial recognition and fingerprint biometrics.

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