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Sunday, November 22, 2015

Biometric authentication

7 Trends in Biometric Technology as It Applies to FinTech


1Mitigating the risk of a security breach and protecting customer data is one of many concerns that need to be addressed with innovative technological solutions and methods. Biometric authentication is one such solution to this problem. With rapid innovation in this field, new companies and use cases are coming up in order to provide secure and convenient authentication processes to users.Governments and various industries are trying to implement mobile biometrics to speed up the process of biometric authentication. Individual biometric identification can be achieved on a   mobile device either through its built-in biometric sensors or by attaching portable biometric hardware to it via a USB cable or through a Wi-Fi connection. The global biometric authentication and identification market is expected to undergo considerable growth over the next five years. The market size for biometrics is expected to reach $24.59 billion in the next six years, according to Grand View Research.

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