Market Research Report
Biometrics in Financial Services, Forecast to 2022
|Published by||Frost & Sullivan||Product code||563582|
|Published||Content info||68 Pages
Delivery time: 1-2 business days
|Biometrics in Financial Services, Forecast to 2022|
|Published: September 14, 2017||Content info: 68 Pages||
Advanced Biometric Solutions Create a Secure Environment for Financial Transactions and Boost Customer Experience
Financial services industry has been remarkably disrupted by innovative technologies and new business models to-date. Customers are demanding more customer-centric, digital solutions and expect banks to create solutions that not only solve the problem of security but also increase the level of customer satisfaction. The pace of innovation is rapid in financial services, especially in biometrics. Traditional banks and start-ups are gearing up for taking banking to the next level by making their biometric solutions advanced and efficient. Some financial service companies are now offering real-time authentication for payment and money transfers through the mobile banking applications. These biometric solutions give opportunities to launch new products with easy authentication at a quick and wide pace. This study puts in perspective the existing trends for biometrics in financial services globally. The analysis will include the challenges for adopting biometrics, drivers for adoption with financial services. This study also provides an insight on all the biometric solutions that are in the market for financial services and their workflows.
The analysis will include current challenges for adoption, a well-defined biometric solution workflow, and impact of biometrics on banking. This report also covers the top drivers and restraints that determine the adoption of biometrics. This report has a pictorial representation of the companies providing biometric solutions to financial services.