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The Business Case for Biometrics in Finance - 2nd Edition
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- Biometrics in finance
- Business case for biometrics
- Biometrics standards and legislations
- Biometric technology applications
- Biometrics in banking and finance
- Facial recognition
- Fingerprint
- Voice recognition
- Iris scan
- Retina scan
- Signature and handwriting
- Keystroke dynamics
- Hand geometry
- First National Bank
- American Express
- MasterCard International
- Banco Azteca
- ING Direct
- ABN AMRO
- Bank Hapoalim
- Opportunity International Bank Malawi
Synopsis
- Biometrics is the technology of analysing unique human characteristics for the purpose of confirming the identity of an individual. The ‘concept’ of biometrics includes the analysis of external or internal characteristics, such as features of the hand, face or voice, biological or behavioural data such as handwriting.
- A wide range of different biometric technologies now exist for the purpose of identity checking. The choice of technology selected depends upon the purpose and environment in which it is used.
- Despite these drawbacks, banks around the world are now implementing programmes incorporating biometrics. In addition, the number of retailer schemes using biometrics for authenticating customers for payments is increasing. For these reasons, it is now time for banks to review the case for investing in this technology.
Details
- Product code: VR0732MR
- Published: Aug. 1, 2008
- 188 pages
- Single-user: $3800
- Site License: $7600
- Enterprise License: $11400
- Terms & Conditions
Executive summary
Biometric technology offers several advantages over existing methods of identification and authentication. It replaces the need for individuals to carry with them a great number of cards and tokens for different purposes. Unlike PIN numbers and passwords, biometrics cannot be transferred and are less easy to copy and steal. When used in combination with a smart card and PIN number, biometrics can provide three factors of authentication – ‘what you have’ (typically a card or token), ‘what you know’ (typically a PIN number or password) and ‘who you are’ (provided by the biometric).
Scope
- This VRL report provides a comprehensive analysis of the following areas related to biometrics in finance:
- Market developments
- Current status of biometric technology
- Suppliers
- Standards and legislations
- Key players and programmes - government
- Key players and programmes - travel
- Key players and programmes - financial services and transactions
- Opportunities and challenges for finance
- Establishing the business case for biometrics in finance
Key highlights
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Reasons to buy
- Gain strategic, operational and technological insights into the use of biometrics in finance
- Use information from the report to help incorporate biometrics to enhance security and have better identification and authentication methods
Table of contents
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List of tables
Table 2.1: Total biometrics market by category, 2006-2011 ($m)
Table 2.2: Opportunities for biometrics solutions
Table 2.3: Biometric market by type, 2006-2011 ($m and %)
Table 3.1: Biometric technologies compared
Table 4.1: Suppliers of different types of biometric technologies
Table 7.1: Deadlines for meeting Visa Waiver Program requirements
Table 9.1: Transaction times
Table 10.1: Opportunities for biometrics in finance
List of figures
Figure 2.1: Global biometric industry revenues 2006-2011 ($m)
Figure 2.2: Biometrics industry revenues, 2007-2015 ($m)
Figure 2.3:Market share by region, 2007and 2015 (%)
Figure 2.4:Morgan Keenan’s view of market growth, 2006 and 2011 (%)
Figure 2.5: Acuity Market Intelligence’s view of market growth, 2007 and 2015 (%)
Figure 2.6: Biometric market by type, 2006-2011 ($m)
Figure 3.1: Global market by technology, 2006-2011 ($m)