Biometrics

Biometrics are the new weapons of war against online fraud and supporting financial services with biometric authentication and their KYC (Know Your Customer) procedures. ​ There are many different areas where biometrics are being deployed. For example in digital identity; an alternative to user names and passwords; protecting against ID theft; account takeovers and multiple accounts. ​ Mobile biometric authentication is helping to verify new and returning customers at the point of log-ins, payments and digital on-boarding.

Steve Cook Digital Identity & Biometrics Consultant

3D face mapping as a true differentiator in biometric liveness detection

The rapid global adoption of biometrics for identification and access management by organisations of all sizes clearly indicates they are here to stay. Yet, until 3D face authentication technology became available in late 2017, 2D face recognition that matches two images was all that could be obtainable. 2D face recognition vendors promised securi...

28 November 2018 /payments

Anthony Pickup Consultant at Capgemini Invent

Bio-metrics lowering friction in payments

Reading an article of linking facial recognition systems to in-store payments made me think about where next for biometrics in payments in the real world[1]. Payments at the highest level is one entity the ‘payer’ presenting funds to another entity the ‘payee’. There are then four key processes for each payment for it to be successful: Payer and ...

13 November 2018 /payments

Retired Member 

Biometric Payments - creepy or convenient?

Biometric payments are a way to verify identity, stop fraud and make payments frictionless. However, there are still many consumers that fail to get behind biometrics due to the personal nature of biometrics. Many people still feel uncomfortable using new technologies. Less so with Millennials where 77% of them find alternative payment methods s...

12 October 2018 /security /payments

Steve Cook Digital Identity & Biometrics Consultant

Biometrics: Why Advanced Liveness is a Necessity When it comes to Spoof Detection

Biometric technology is advancing at a rapid pace. However, it can only be trusted in the real world as long as it is consistently and effectively secure. A glaring problem for the industry is that customers have not had an objective 3th party test that can verify biometric performance claims, allowing and even encouraging vendors to exaggerate ...

17 September 2018

Alexander Dunaev co-founder at ID Finance

Biometrics will eliminate friction in financial services

Biometrics boom No longer the preserve of the military and secret service, biometrics is one of the hottest and fastest growing sectors in the world. With the technology used across a variety of sectors - banking and finance, retail, healthcare and government - and with cybercrime on the rise, it’s little wonder experts predict the biometrics mark...

04 September 2018

Retired Member 

Danger! Is your current Password Management process a risk to your bottom line?

I work with many companies right across Europe who are starting to realise the direct and in-direct problems associated with password management. How many passwords do we have and how many of us have written them down in places like the back page of a diary? Perhaps even on post-it notes stuck on screens or around desks? What about those critical ...

26 July 2018 /security /regulation

Retired Member 

How PSD2 will influence the Corporate Banking Payments landscape for the better using Biometrics

Transaction processing for corporate banking operations are on a completely different scale to the retail-banking world in terms of both value and volume. The resultant revenues form one of the main profit drivers for banks and according to the 2017 Cap Gemini World Payments Report, it is estimated that there will be a staggering 108bn corporate ...

09 July 2018 /payments