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Voice recognition dominant biometrics technology for financial institutions

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Biometrics in Cellphones - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-11 22:08:04
The objective of smartphone biometrics is to secure the user login process for enabling more dependable user identification. Using instinctive technology such as fingerprint recognition will enable consumers to easily secure their devices and make payments.Voice recognition will be the dominant technology to be used by financial institutions.
Revenues from biometrics to be used in smartphones globally are likely to increase. A key contributing factor in this growth will be increasing the demand for personal devices, which can conduct safe financial transactions. The use of biometrics for authentication in phones and laptops is not a new phenomenon. Laptop makers such as Lenovo and a number of smartphone and tablet manufacturers have already incorporated biometrics to authenticate their users.
The growing ubiquity of smartphones and the rapid and dramatic developments in their features have seen more users turning to use their phones to pay online bills, check personal and official mails, social networks, recording transaction details, store large quantities of data, etc.
This growing trend has compelled more companies to opt for more secure authentication solutions, the nearest being biometrics. Apple´s decision to include a fingerprint scanner in its new upmarket iPhone 5S and its successful integration has helped in bringing biometrics-based authentication into the mainstream.

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Mike King
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