More than 1bn consumers globally will be accessing banking services through biometric systems by 2017 and biometrics will become the predominant method of identification for accessing bank services by 2020, Goode Intelligence predicts. “We are forecasting that by 2020, it will contribute US$5.5bn in revenue for companies involved in delivering biometric systems to the banking industry,” the company adds.
- Opal card implanted into Sydney man Meow-Meow could be deactivated by NSW authorities
- American Express goes live with Android Pay in Canada
- A biometric ring could replace your passwords, cards and keys
- Singapore banks to allow cellphone numbers for transfers
- NXP, Shanghai Unicom and Roam2Free collaborate to develop secure eSIM solution