How biometric authentication is shaping the future of mobile banking
Biometrics is a way of measuring physical characteristics to verify one's identity. Once it was a form of cutting-edge technology that can only be seen in science fiction movies; however, security is one of the most important issues and the main priorities to move to 2019. With the increase in fraud rates reported, many organizations are being pressured to implement more robust security options and biometric authentication seems to be the answer. Many Intech analysts predict that the PIN number will be obsolete in the coming years, while others will not agree. Whether the PIN is here to stay or not, biometric authentication is advancing rapidly as many banking institutions are adopting this new form of digital security. The finger recognition capabilities of Apple and Samsung have allowed financial institutions to confidently adopt Touch ID authentication for mobile devices, allowing users to log in at the touch of a finger. The emergence of biometric solutions provides an