If you are somewhat familiar with biometric technology and its use around the world, you probably recognize that iris recognition and palm vein biometrics are two completely different modalities, but did you know that they share some common characteristics? To begin with, both iris recognition and palm vein biometrics are biometric modalities used in identification […]
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As the volume of financial service security breaches, transaction fraud, and identity theft increases, the need for highly secure customer identification systems is becoming extremely important. As a result, in the banking and finance sectors, the “Know your customer” (KYC) initiative is getting more traction to prevent fraud and identity theft. One technology that is […]
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The use of biometrics in banking is increasing because more consumers understand its potential as a predominant method of identifying themselves to access banking services such as branch banking, online banking, ATM networks, and mobile banking. Why biometrics in banking? Biometrics is the science of recognizing an individual based on their physical and behavioral traits […]
Read moreAre you managing your members with a membership management software solution? Great! But what if I told you that it’s possible to manage your members more easily and efficiently? The secret is using biometrics to help you to streamline the time consuming identification processes. Sound cool? Biometrics speed up member registration Nobody likes to spend […]
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“Know Your Customer” (KYC) refers to detailed and authenticated information required by financial institutions and other regulated companies before conducting business with a customer. According to Wikipedia, Know Your Customer (KYC) is the process of a business verifying the identity of its clients. KYC policies mandated by regulators globally are becoming increasingly important to prevent […]
Read moreIf you operate a membership based organization such as a gym, church, or library, it is very difficult to make it profitable and efficient without utilizing modern technology. Manual membership management systems based on pen and paper or ID card systems have become outdated due to their maintenance costs and inefficiencies. On top of that, […]
Read moreThe rising tide of data breaches and the increase in sophisticated hacking attacks of sensitive information has raised demand for a stronger and more secure way of protecting assets than password based security systems can provide. Due to the fact that password-cracking techniques are increasing in complexity, there is a strong need to implement more […]
Read moreA biometric identification system provides an automated method of recognizing an individual based on their unique physiological characteristics. A biometric characteristic is a general term used to describe a measurable physiological and/or behavioral characteristic. There are many biometric modalities available including fingerprint, finger vein, palm vein, face, iris, voice, signature and more. With growing security […]
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In the world of information technology, the term “biometrics” (also referred to as “biometric authentication”) is the automated method of recognizing a person based on their unique physiological or behavioral traits. Common examples of human biometric markers are fingerprints, finger and palm veins, iris and facial recognition, even one’s voice print. According to Microsoft’s chairman […]
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In the era of increasing security threats, the use of antiquated passwords, personal identification numbers (PINs), and tokens to protect data and assets leaves businesses susceptible to fraud and theft. Due to the fact that hackers are seemingly running rampant online and millions of users’ identification credentials have been compromised, efforts for stronger identity protection […]
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Face Recognition |
Fingerprint |
Finger vein |
Iris |
