Resources
See latest resources »
Give fraud the finger

Give fraud the finger

Source: Chris Skinner, TowerGroup

Rising fraud levels means that banks can no longer afford to ignore the potential of biometrics says Chris Skinner, Towergroup director and founder of shapingtomorrow.com.

A recent TowerGroup survey found that only 35% of banks have a biometric authentication program in place although, more encouragingly, a further 10% of firms were piloting. That is why we expect spending on biometrics to increase from about $1.4 billion this year to about $4 billion in 2007 with a Compound Annual Growth Rate of 28%.
The net result is that you should expect to see much more biometric deployments proliferating across the financial industry as we see these technologies becoming commonplace and mainstream.

Comments: (0)

Find out more
Is your business ready for the 10th January, 2020?
Analysis resources
See all Analysis resources »
What’s Next for Nordic Payments?
Analysis

What’s Next for Nordic Payments?

The Rise of Real-Time and cross-Border, by Peter Larsson, Principal Solutions Consultant, Real-Time Payments - Europe & North America

T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?
Analysis

T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?

The Eurosystem project to consolidate TARGET2 and T2S and to meet changing market needs by enabling a truly real-time 24x7 settlement infrastructure for cash, securities and collateral aims at increasing efficiencies and optimising liquidity management across all TARGET Services.

SCA exemption: the perfect storm for machine learning
Analysis

SCA exemption: the perfect storm for machine learning

The payments community is well used to the abundance of acronyms that has become its legislation of late, but less so to the grey overlaps between various directives and standards - least of all Strong Customer Authentication (SCA) within the online and e-commerce payment experience.