Japanese Aeon Bank Introducing Biometrics Authentication System

Japan Biometrics

Japan Source

A Japanese bank named Aeon recently declared that they will implement biometric technology to ease the banking process for their customers. Customers will now be able to conduct empty-handed transactions with biometric verification.

Aeon has entered a contract with a biometric technology company who will equip the banks’ ATMs and teller windows with latest biometric authentication systems. The bank is hopeful that this new technology will make the banking process easier than ever for their customers. Continue reading →

Biometrics in Banking: Central Database To Blacklist Fraudsters

Data breaches in banking has seemingly become a regular occurrence all over the world. Till most recently a majority of banks and financial institutions relied on old password based security systems which make things effortless for fraudsters to breach banking data. Banks have already lost millions and are now looking for a stable solution against the data breach problem.

Biometrics in Banking

Biometrics in Banking Pixabay

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How Financial Services Are Becoming More Secure

biometrics for financial services security

The financial services industry has adopted new technologies to protect sensitive customer information. (Photo credit to Google Images)

The following guest post on improving financial services security was submitted by Damien Troy.

As technology improves and continually evolves, security becomes increasingly important. While new technologies being used in businesses and services is generally a positive, it can also leave them vulnerable to the latest cybercrime, such as hacking and identity theft. For services dealing with sensitive personal information, this is particularly important. Financial services such as banks, advisors and short term loan companies, like loanpig.co.uk, all have a responsibility to keep their customers information secure. Here’s how financial services are improving their security. Continue reading →

Offshore Development Companies Are Bringing Biometric Identification Management Technology in Banking Sector

use biometrics to identify customers and employees in banking

What impact has biometric identification had on the global banking industry? (Photo courtesy of pixabay)

The followin guest post on biometric identification in banking was submitted by Vin Boris.

BIMT (Biometric Identification Management Technology) has been in use for decades. This form of technology has proven its metal and has entirely changed the way security practices are conducted in every field of our life.

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Is Biometric Technology The “Go To” Solution To Prevent Bank Fraud?

Introduction

Data breaches in banking have become commonplace all over the world. Most banks and financial institutions continue to rely on historical password based security systems which are increasingly susceptible to cyber breaches and no longer able to reliably secure data or to prevent bank fraud.

Continuous data breaches in the banking industry clearly demonstrates how antiquated existing identification security is, and something has to change. Due to the challenges that passwords, personal identification numbers (PINs) and physical ID cards present, the banking industry is searching for new technologies which can provide stronger data protection from hackers and they are now considering biometric solutions to solve the problem.

Banking Data

Is biometric identification management technology the answer to improving bank security and creating an indisputable, concrete audit trail of transactions? Image Source: Pexels.com

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