Biometric for banking services

Biometric for banking services

Biometrics are automated methods of recognizing customers through their biological characteristics and traits such as fingerprints, finger vein patterns, iris, etc. Biometric characteristics are unique for every individual and difficult to forge, which is why biometric verification and authentication are commonplace in immigration control, law enforcement, and forensic studies. Many banks worldwide are already using biometrics in financial services include authentication at login, digital payment, or cash withdrawal. Fingerprint scanning is the most commonly used biometric method in the banking industry, especially in online banking sector. When customers attempt to access their account, some banks now require them to provide a biometric credential first. Some other banks require biometric authentication besides the traditional password to make authentication stronger, also known as a “multi-factor” authentication system.