How Biometric Authentication is Shaping the Future of Security in Mobile Banking


Date & time Apr 16
Creator jasonbeckham

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How Biometric Authentication is Shaping the Future of Security in Mobile Banking

Biometrics is a form of measuring physical characteristics to verify one’s identity with options including voice, fingerprints, IOS App Development in San-Francisco face, retina, or iris of the eye, vein infrared thermogram, or a combination of these identifiers. It was once a form of cutting-edge technology only seen in science fiction movies; however, the security biometric authentication offers is one of the most relevant topics and top priorities moving into 2019. With the increasing rates of reported fraud, many financial institutions are being pressured to implement stronger security solutions and biometrics seems to be the most viable option.


Many FinTech analysts predict the PIN number will be obsolete within the next few years, while others disagree. Whether the PIN is here to stay or not, biometric authentication is quickly advancing as many banking institutions are adopting this new form of digital security. Money and security have always gone hand-in-hand: the more money you have, the more security you need. The topic of biometric authentication has risen to the top of the financial technology landscape in recent years because there’s a greater demand for security than ever before. Alongside the rise of fraud is the growth of biometric authentication in mobile app development as banks are rethinking mobile security. This post will provide an overview of biometric modalities, the current security landscape for biometric authentication, and how financial institutions can embrace this technology moving forward.


An Overview of Biometric Modalities

Biometric identification methods can be achieved on mobile devices either through its built-in biometric sensors, attaching portable biometric hardware to it via a USB cable, or through a Wi-Fi connection. Here are a few biometric authentication methods that banks are already taking advantage of:


Iris Scan:


This mode contains more than 200 unique points of data that are stored in the institution’s database. Many biometric experts believe that the iris scan is the most reliable way of authenticating a user’s identity.



Voice Recognition:


This option is said to work best when paired with another authentication mode. At the beginning of the year, HSBC announced an introduction to voice recognition mobile apps and ATMs to allow customers to complete transactions without requiring passwords or card swipes.



Facial Recognition:


Facial recognition can authenticate users at ATMs, as well as online and mobile banking. This type of authentication is dependent on the user’s environment such as the lighting or positioning of the face, making it a less effective security option.



Fingerprint Scans:


Fingerprint scans are currently the most popular form of biometric authentication used on many mobile devices worldwide.


Vein Pattern Authentication:


Vein pattern authentication relies on the unique pattern of veins in the palm, finger, or eye to identify a user. The vein patterns of the user are as unique as their fingerprints, but not as easy to replicate.



These modes of biometric authentication can be used in a variety of banking scenarios, including withdrawing and depositing cash from ATMs, proving identity when contacting their bank, and most commonly authenticating mobile banking apps. With the advancement of biometric technology, passwords, PINs, and security questions are becoming a less secure option for mobile banking. Financial institutions are aware that security is never guaranteed with any method, but should be choosing the best solutions available to protect their customers as well as themselves.

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