IDV firms stake claims in $40B financial services biometrics market

Acuity Market Intelligence forecasts that biometrics for financial services will bring in $40 billion in revenue from 2024 to 2028, peaking at over $14.8 billion in the last year of the period. A new report from Acuity’s Prism Project delves into the transaction volumes and market forces driving the phenomenal growth expected in the sector.

Biometrics increasingly crucial for fraud prevention

Numbers from Juniper Research estimate that cumulative merchant losses to online fraud globally between 2023 and 2027 are estimated …

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