Banks deploying biometrics for ever-wider range of remote and in-branch interactions

Banking is being reshaped by several forces, including digitization and online service delivery, and biometrics are vying for a major role in different types of interactions for financial services. Industry publication The Banker notes that synthetic identity fraud is expected by the Deloitte Center for Financial Services to generate $23 billion in fraud losses by 2030, and stakeholders see biometrics as the tool they need to fight back.

Executives from UBS and iProov say biometrics can provide a cheaper, easier …

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