The adoption of biometric technologies for banking purposes in our connected era

Online and mobile financial transactions increase around the world. From mature economies to emerging countries, the momentum is exciting, beyond a set of challenges related to the maturity, and criminal threats henceforth addressed head-on by streamlined technologies and approaches.

As, Biometric vendors are reporting an exciting growth due to the acceleration of consumer-led adoption of biometric authentication, at Connectikpeople.co, we are proud to observe that, the adoption of biometrics for banking is resulting in a booming biometrics industry. 

According to Research and Markets, it is forecast that this adoption of biometric technology for banking purposes will contribute USD 5.5 billion to the biometrics market by 2020.