cloud, financial, forecast, IdentiTrac

Market report for cloud biometrics for financial authentication

Cloud Biometrics Use to Soar in Two Years: Report (Infosecurity Magazine)

“Over half a billion customers worldwide will be using cloud-based biometrics to securely authenticate with their banks within two years, according to a new analyst report.

London-based Goode Intelligence’s Biometrics for Banking report details what might happen to the market over the next five years.

It claims that by the end of 2020, 1.9 billion bank customers will be using biometrics to: withdraw cash from ATMs, prove their identity over the phone, access banking services through smart devices and more. Sometimes a combination of biometrics will be needed, for example to initiative a transfer of funds from a web-based interface.”

We’re also seeing a lot of activity on this front and adoption of our IdentiTrac Web API.

Previous ArticleNext Article
Translate »