Financial Services, Payments, and Commerce: Level Setting
(Room Tampa Convention Center:Room 20-21)
20 Sep 16
9:15 AM
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10:15 AM
Tracks:
: Application Communities, : Application Communities, : Application Communities
Moderator(s):
Steve Vinsik
Biometrics have come a long way in a short time. Over the past 15 years, governments, financial institutions and other service providers have held varying degrees of interest in biometrics -- from fascination to apathy. While all could see that the double bang business case for biometrics – reducing fraud and increasing convenience – was compelling, successful implementations were fleeting at best. But, this has changed significantly in the past three years, and major financial institutions, mobile technology providers, and governments providing citizen services are now embracing biometrics as a convenient and secure alternative to password authentication.
In this session, industry experts will look at the major drivers for the dramatic change in attitudes towards using biometrics for authentication, including: the improved accuracy of biometric authentication in recent years; the proliferation of mobile devices shipping with biometric capabilities built in, giving everyday consumers the ability to easily and quickly authenticate via fingerprint, selfie, iris or voice; and the availability of specifications and certified products from organizations such as the FIDO Alliance to enable easy and cost-effective deployment of biometric-based strong authentication. They will also examine how biometrics are being used today in financial services, government and e-commerce, as well where the industry will be by 2021.