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Biometrics: Ready for Asia's Banks?Published by: IDC Published: Jun. 13, 2006 - 15 Pages Table of ContentsTable of Contents Financial Insights Opinion In This Report Brief Description of the Solution Situation Overview Biometrics Today International Biometric Group Figure: Worldwide Biometric Industry Revenue, 2005-2010 Table: Available Forms of Automated Physical Biometric Authentication Figure: Worldwide Biometric Authentication Revenue Share by Segment, 2006 Table: Examples of Automated Biometric Authentication Usage in Asia/Pacific Types of Physical Biometric Authentication Fingerprints Hand Iris Retina Face Voice Palm Vein The Biometric Authentication Process The Bank of Tokyo-Mitsubishi UFJ Example The Matching Process Authentication Rates Future Outlook Implementing Biometric Authentication Internal Security Customer-Related Authentication Biometric Teller Machines Is Cost an Issue? Cost of Implementation Implementing BTMs Biometric Data Collection and Storage Figure: Common Biometric Template Sizes Data Security Costs Identification Verification Biometric Authentication Technology Concerns Authentication Rate False Rejection Rates Versus False Acceptance Rates Standardization Biometric Templates Proprietary Algorithms and System Types Essential Guidance Actions for Financial Institutions Actions for Vendors Learn More Related Research Synopsis AbstractThis 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." Get Full Details About This Report >> |
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