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| Countries covered: Asia, Oceania This Financial Insights report examines the growing use and effectiveness of biometric authentication devices by financial institutions in Asia/Pacific. This fascinating new area promises a futuristic approach against the growing number of threats that financial institutions are facing today. Abhishek Kumar, market analyst, Asia/Pacific Banking Advisory Service, notes, "Biometrics is the highest level of authentication available today. Banks in Asia are already using biometric authentication in physical security. The problems start when implementing customer-related biometric authentication." Kumar concludes, "The lack of standardization between devices, little regulatory guidance, and cost concerns show that the practical implementation of biometric authentication for customer-related authentication is still several years away." |
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