Why banks worldwide are turning to fingerprint biometrics

By Vito Fabbrizio, Managing Director, Biometrics Business Unit, HID

Banks and other financial institutions across the globe have been adopting biometrics as a way to improve the customer experience and increase security against identity fraud, such as money laundering or account takeovers.

Biometrics are used by banks to onboard customers and authenticate them after onboarding when conducting transactions, such as at ATMs. Biometric authentication can help ensure that transactions are not fraudulent -- and are less time-consuming than the traditional …

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