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Will Biometrics Usher in a New Era in Banking

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Account security is paramount to banks. Despite taking several precautions and beefing up security levels, there have been many instances of security breaches. Biometrics is seriously being considered as a viable option to meet these security threats. Biometrics - unique to each individual - when layered with another authentication factor (such as One-Time Password, etc.) can become a potent mechanism to protect individual accounts from getting hacked. Learn more in this presentation.

Veröffentlicht in: Technologie
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Will Biometrics Usher in a New Era in Banking

  1. 1. Will Biometrics Usher in a New Era in Banking?
  2. 2. In an era where virtual banking is the norm, user security is paramount for banks owing to cyber threats
  3. 3. While banks offer several security measures – for instance, physical keyboards can be replaced with virtual keyboards while logging in…
  4. 4. Banks have provisioned two-factor authentication to improve user security.
  5. 5. And yet, user security gets compromised many a times. Since many users find remembering bank account related information cumbersome… …such users note down confidential information on a piece of paper exposing themselves to further risks…
  6. 6. In order to overcome these challenges, banks are increasingly inclined to biometrics..
  7. 7. Biometrics recognize individuals by their unique physical characteristics. These include: A. Facial Recognition
  8. 8. B. Iris Recognition
  9. 9. C. Fingerprint Recognition
  10. 10. D. Finger-vein Recognition
  11. 11. E. Key-tap recognition
  12. 12. F. Heart-beat Recognition
  13. 13. G. Voice Recognition While external biometrics such as fingerprint is relatively easier to replicate, internal metrics such as heartbeat and finger vein are almost impossible to replicate making these near failproof.
  14. 14. About ICFAI Flexible Learning Programs ICFAI Flexible Learning Programs are designed primarily for Working Professionals to pursue their management program while they continue to work. These programs provide them with the Skills, Knowledge and Strategic Perspectives required for them to succeed at their workplace and promote their career progression. The programs range from Modular >> Certificate >> PG Diploma >> MBA in the functional areas of Finance, Marketing, Operations, HR etc. and covers the industry sectors like IT/ITES, Health Care, Pharma, Telecom, Banking, Financial Services and Insurance, etc. Features - Flexible Learning Programs:  Convenient and Flexible Mode of Learning  Innovative learning methodology backed by Contemporary Curriculum  Quality Courseware along with new-age learning aids as part of the Hub & Spoke Learning Model  Online Counseling Classes  Web support for the students  Easy fee payment patterns including EMIs  Examination thru Computer Based Testing (CBT) pattern – conducted 4 times in a year, giving flexibility to the working-class in choosing the schedules
  15. 15. Thank You Phone: 1-800-200-9977 Email: FLP@ICFAIUNIVERSITY.IN Website: www.flexible.icfaiuniversity.in

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