logo
8 Considerations for Biometric Authentication in Banking

8 Considerations for Biometric Authentication in Banking

8 Considerations for Biometric Authentication in Banking

This whitepaper outlines key considerations banks should take into account when adopting biometrics for authentication. Covering each authentication method, including their advantages, dis-advantages, and use cases, this whitepaper also explores the integration of identity verification and authentication, common ATO attacks, and cost savings considerations. Download your free guide now.

Superior Security and Usability

Biometrics provide superior security and usability compared to traditional methods like passwords and PINs. But not all biometrics systems are created equal. They are evaluated based on:

  • Security (preventing account takeovers)

  • Privacy (protecting biometric data)

  • User experience (ease of authentication).

Different systems process and store biometric data in different ways, which impact these three aspect. This whitepaper highlights the differences between each system in order to provide banking professionals with the highest levels of confidence in evaluating different biometric authentication solutions

Account Takeovers are Increasing

Banks are experiencing huge increases in account takeovers, which surged by 14% from 2022 to 2023. This whitepaper explores the most common techniques behind recent ATO attacks, from phishing and social engineering to man-in-the-middle attacks and SIM swapping. Download the whitepaper for more insights.