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Biometric technology application in banking industry

  • Author:zz
  • Source:zz
  • Release on:2017-04-17
Fingerprint Biometrics are successfully being adopted in banking by providers and customers around the world.

The banking industry has perhaps shown more interest and willingness to adopt biometrics than any other. That’s partly because it’s an industry that requires strong security, but it’s also because the banks compete to provide the most user-friendly experience. As such, biometrics are an authentication tool that can be appealing not just to organizations, but to their customers as well.

CITI bank also report that more and more of its customers are starting to use digital channels to communicate with the bank. Today, more than 50 per cent of the bank’s customers use digital channels, up from just 30 per cent only a couple of years ago.

All around the world, biometrics are taking off, and the banking industry is in the vanguard. Here at Huifan, we know the security and convenience biometrics can add to solutions: they increase security while removing the hassle for users. To see the banks and their customers adopt those benefits so readily comes as no surprise to us.