Biometrics in Banking: The Benefits and Challenges

Biometrics in Banking: The Benefits and Challenges

In 2013, Apple introduced Touch ID, a biometric technology that brought convenient fingerprint recognition to a mass consumer audience. Banks have gravitated to Touch ID because it provides them with a device-based technology they may leverage to secure the mobile banking platform, and, in turn reduce their costs in deploying and supporting such services. At the same time, however, banks face the challenge of integrating this biometric technology within their security architecture while avoiding unforeseen security risks.

Download this white paper to explore:

  • The benefits of Touch ID in mobile banking;
  • The four challenges and risks of integrating it incorrectly.

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