{"id":8339,"date":"2018-04-01T06:55:43","date_gmt":"2018-04-01T10:55:43","guid":{"rendered":"https:\/\/www.m2sys.com\/blog\/?p=8339"},"modified":"2022-06-22T04:51:40","modified_gmt":"2022-06-22T08:51:40","slug":"singaporeans-want-biometric-authentication-technology-in-their-banking-system","status":"publish","type":"post","link":"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/","title":{"rendered":"Singaporeans Want Biometric Authentication Technology in Their Banking System"},"content":{"rendered":"<figure id=\"attachment_8340\" aria-describedby=\"caption-attachment-8340\" style=\"width: 350px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8340\" src=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2018\/03\/singaporeans-want-biometric-authentication-technology-in-banking-system-500x278.png\" alt=\"singaporeans-want-biometric-authentication-technology-in-banking-system\" width=\"350\" height=\"195\" \/><figcaption id=\"caption-attachment-8340\" class=\"wp-caption-text\"><a href=\"https:\/\/pixabay.com\/en\/marina-bay-of-singapore-2714866\/\">Source<\/a><\/figcaption><\/figure>\n<p>A recent study on biometric authentication for payments shows that 97% of Singaporeans are interested in biometric authentication technology to verify their identity and 96% are interested in making payments via this technology. They believe that using a biometric system is faster, easier and, more importantly, it is a secured way of performing transactions.<\/p>\n<p>More than half of the respondents already experienced biometric authentication technology including <a href=\"https:\/\/www.m2sys.com\/easyscan-pro-fingerprint-device\/?utm_source=Blog&amp;utm_medium=m2sys%20landing%20page&amp;utm_campaign=M2-EasyScan%20Pro\">fingerprint recognition<\/a> (88%), facial recognition (56%), <a href=\"https:\/\/www.m2sys.com\/m2-auto-tilt-iris-recognition-camera\/?utm_source=blog&amp;utm_medium=m2sys%20landing%20page&amp;utm_campaign=autotilt%20iris\">iris scanning<\/a> (50%) and voice recognition (49%).<\/p>\n<p>Among all of these biometric modalities, fingerprint recognition is the most popular solution to Singaporeans, as 51% of them use this technology regularly.<\/p>\n<style type=\"text\/css\">\r\n.ad-area1 { border-radius: 8px; overflow: hidden; padding: 20px 10px; box-shadow: 0 0px 15px #ddd; margin: 15px 8px; border-top: 5px solid #a81010; }\r\n.left-area, .right-area { width: 50%; float: left; }\r\n.left-area { padding-top: 12px; }\r\n.left-area img { max-width: 95%; }\r\n.right-area h2 { text-align: center; padding-bottom: 0; font-size: 26px; font-weight: 900; margin-top: 0; }\r\n.right-area h2 span { color: #a81010; }\r\n.right-area h3 { text-align: center; font-size: 16px; text-transform: capitalize; font-weight: 700; padding-top: 10px; padding-bottom: 10px; line-height: normal; }\r\n.ad-area-head { text-align: center; font-weight: 900; font-size: 14px; border-bottom: 1px dotted #ddd; width: 70%; margin: 0 auto; }\r\n.ad-area-desc { padding: 5px 0; }\r\n.right-area p { text-align: center; font-size: 12px; padding-bottom: 0; margin: 0; line-height: 2; }\r\n.ad-area-desc b { font-weight: 700; display: block; }\r\n.ad-area1-learn { display: table; margin: 0 auto; background: #a81010; color: #fff; padding: 6px 20px; border-radius: 50px; font-size: 14px; }\r\n.ad-area1-learn:hover { color: #fff; }\r\n\r\n@media (max-width:320px), (max-width:360px), (max-width:375px), (max-width:400px), (max-width:480px) {\r\n.left-area, .right-area { width: 100%; float: none; }\r\n}\r\n<\/style>\r\n<div class=\"ad-area1\">\r\n\t<div style=\"overflow: hidden;\">\r\n\t\t<div class=\"left-area\">\r\n\t\t\t<img decoding=\"async\" src=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2018\/12\/CertisID-for-Financial-Services.png\" alt=\"Bio-plugin-SDK\" width=\"\">\r\n\t\t<\/div>\r\n\t\t<div class=\"right-area\">\r\n\t\t\t<h2><span>CertisID\u2122<\/span><\/h2>\r\n\t\t\t<h3>Financial Services Biometric Identification Solution<\/h3>\r\n\t\t\t<div class=\"ad-area-head\"><\/div>\r\n\t\t\t<div class=\"ad-area-desc\">\r\n\t\t\t\t<p>Customizable biometric identity, document management and \u2018know your customer\u2019 cloud solution for the banking and financial services industry.<\/p>\r\n\t\t\t\t<p><\/p>\r\n\t\t\t\t<p><\/p>\r\n\t\t\t\t<p><\/p>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"ad-area1-learn\" href=\"https:\/\/www.m2sys.com\/financial-services-biometric-identification-solution-certisid\/?utm_source=Know+Your+Customer+%28KYC%29+with+Biometrics&amp;utm_source=Singaporeans+Want+Biometric+Authentication+Technology+in+Their+Banking+System&amp;utm_medium=CertisID%E2%84%A2&amp;utm_campaign=Blog+DisplayAds&amp;utm_campaign=blog+displayAds\">Learn More <\/a>\r\n\t\t<\/div>\r\n\t<\/div>\t\r\n<\/div>\n<p>A key person of this survey said that,<\/p>\n<p>\u201cSingaporeans are early adopters of technology and many of them already have experience with biometrics authentication. With the proliferation of biometric authentication solutions used by mobile providers and banks, Singaporeans recognize the value these new technologies bring to their everyday lives. As the country continues its Smart Nation journey, we believe more people will start to adopt biometric authentication.\u201d<\/p>\n<div class=\"caseWrapper\">\n<h6 style=\"text-align: center; font-size: 18px; padding-bottom: 0; font-weight: 600; background: #f2f2f2; padding: 5px 0;\">Free Case Study<\/h6>\n<div class=\"caseLogo\"><a href=\"https:\/\/blog.m2sys.com\/case-study-biometric-authentication-system-for-customer-identification-in-arig-bank-identification\/?utm_source=blog&amp;utm_medium=case%20study&amp;utm_campaign=arig%20bank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6096 size-thumbnail\" src=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2015\/08\/arig-bank-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2015\/08\/arig-bank-150x150.png 150w, https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2015\/08\/arig-bank-300x300.png 300w, https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2015\/08\/arig-bank.png 512w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a><\/div>\n<div class=\"caseInfo\">\n<h3>Biometric Authentication System for Customer Identification in Arig Bank Identification<\/h3>\n<p><a class=\"caseLink\" href=\"https:\/\/blog.m2sys.com\/case-study-biometric-authentication-system-for-customer-identification-in-arig-bank-identification\/?utm_source=blog&amp;utm_medium=case%20study&amp;utm_campaign=arig%20bank\">Download<\/a><\/p>\n<\/div>\n<\/div>\n<p>The survey also says that one in five Singaporeans uses fingerprint authentication or facial recognition by banks or mobile phone providers.<\/p>\n<p>There are still a few people who haven\u2019t experienced biometric modalities, but 91% of them are hopeful that they will use this technology in the near future from their banks.<\/p>\n<p>55% of respondents also stated that by using biometric technology, the need to memorize complex passwords and PINs for their accounts is gone for good.\u00a0 41% of them believe that biometric technology is more secure than other traditional securities like passwords and PINs.<\/p>\n<p>So far, fingerprint recognition is the most popular biometric modality for online payment and in-store purchases to the Singaporeans. Apart from fingerprint recognition, they prefer eye scanning and facial recognition too for banking purposes.<\/p>\n<p>Source:<a href=\"https:\/\/fintechnews.sg\/18096\/mobile-payment\/singaporeans-interested-in-biometrics-authentication-and-payments\/\">fintechnews.sg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study on biometric authentication for payments shows that 97% of Singaporeans are interested in biometric authentication technology to<\/p>\n","protected":false},"author":389,"featured_media":15621,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"","_yoast_wpseo_title":"Singaporeans Want Biometric Authentication Technology in Their Banking System","_yoast_wpseo_metadesc":"Singaporeans are early adopters of latest technologies and they embrace biometric technology more than others. The report says that almost every Singaporeans want biometric technology for authentication.","_lmt_disableupdate":"no","_lmt_disable":"no","twitterCardType":"","cardImageID":0,"cardImage":"","cardTitle":"","cardDesc":"","cardImageAlt":"","cardPlayer":"","cardPlayerWidth":0,"cardPlayerHeight":0,"cardPlayerStream":"","cardPlayerCodec":"","footnotes":""},"categories":[54],"tags":[231,566,746],"class_list":["post-8339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biometric-resources","tag-banking","tag-biometric-authentication","tag-singapore"],"acf":{"_how_to_content":null,"_faq_content":null,"_structured_meta_data":null,"_tl_dr_content":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Singaporeans Want Biometric Authentication Technology in Their Banking System<\/title>\n<meta name=\"description\" content=\"Singaporeans are early adopters of latest technologies and they embrace biometric technology more than others. The report says that almost every Singaporeans want biometric technology for authentication.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singaporeans Want Biometric Authentication Technology in Their Banking System\" \/>\n<meta property=\"og:description\" content=\"Singaporeans are early adopters of latest technologies and they embrace biometric technology more than others. The report says that almost every Singaporeans want biometric technology for authentication.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/\" \/>\n<meta property=\"og:site_name\" content=\"Digital Transformation of Government Services\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/m2sys\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-01T10:55:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-22T08:51:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2018\/04\/singaporeans-want-biometric-authentication-technology-in-banking-system.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mehedi Hassan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@m2sys\" \/>\n<meta name=\"twitter:site\" content=\"@m2sys\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mehedi Hassan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/\"},\"author\":{\"name\":\"Mehedi Hassan\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/#\/schema\/person\/26b2e33f28e194d1bbf4b17efc3d5f3a\"},\"headline\":\"Singaporeans Want Biometric Authentication Technology in Their Banking System\",\"datePublished\":\"2018-04-01T10:55:43+00:00\",\"dateModified\":\"2022-06-22T08:51:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/\"},\"wordCount\":412,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/#organization\"},\"keywords\":[\"banking\",\"Biometric Authentication\",\"Singapore\"],\"articleSection\":[\"Biometric Resources\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/\",\"url\":\"https:\/\/www.m2sys.com\/blog\/biometric-resources\/singaporeans-want-biometric-authentication-technology-in-their-banking-system\/\",\"name\":\"Singaporeans Want Biometric Authentication Technology in Their Banking System\",\"isPartOf\":{\"@id\":\"https:\/\/www.m2sys.com\/blog\/#website\"},\"datePublished\":\"2018-04-01T10:55:43+00:00\",\"dateModified\":\"2022-06-22T08:51:40+00:00\",\"description\":\"Singaporeans are early adopters of latest technologies and they embrace biometric technology more than others. 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