From good to great: The right biometrics capabilities for better banking

The banking industry was already a major user of biometric solutions before the COVID-19 pandemic. However, the pandemic accelerated the use of biometrics among banking customers when physical branches closed and banks rapidly switched to remote operations.

In addition, as customers have been forced to conduct more consequential financial transactions through an online setting—such as loan applications and filings, high-value monetary transactions or financing applications and payouts—banks must ensure that they truly are working with valid bank customers and not inadvertently aiding a fraudulent actor.

Download this whitepaper by HID Global to learn more about the right biometrics capabilities for better banking.

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Article Topics

banking  |  biometrics  |  HID Global  |  identity verification  |  onboarding  |  white paper