Global Biometrics for Banking 2018-2023: By the End of 2020, Some 1.9 Billion Bank Customers Will be Using Biometrics

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Jul 17, 2018, 07:15 ET

DUBLIN, July 17, 2018 /PRNewswire/ --

The "Biometrics for Banking; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 - Second Edition" report has been added to ResearchAndMarkets.com's offering.

Biometrics for Banking; Market & Technology Analysis, Adoption Strategies & Forecasts 2018-2023 provides a detailed analysis of the market and adoption of biometrics for banking. The second edition of this report offers the most comprehensive investigation and analysis of current global adoption for biometrics across all aspects of banking. The market analysis includes the key drivers and barriers for adoption, interviews with leading stakeholders, technology analysis with a review of key biometric technologies and profiles of companies supplying biometric systems to banks plus forecasts (regional and global) for users and revenue within the six-year period 2018 to 2023.

The report is the first of three reports in a series investigating the market for biometrics in financial services. In addition to banking, the series will include payments and mobile reports.

Coverage:

The report identifies that by the end of 2020, some 1.9 billion bank customers will be using biometrics to:

Withdraw cash from ATMs
Prove their identity when contacting their bank via telephone (both actively and passively)
Prove identity for digital onboarding using their face
Access digital bank services through an increasing number of connected IoT devices including smart home devices and via connected car and smart city services
Authenticate into a mobile bank app using their biometric, either using an embedded sensor or through an app or SDK, and
Use a combination of biometric modalities (face and voice for instance) to initiate money transfers when accessing web-based eBanking services.

Biometric vendors are experiencing tremendous growth on the back of the escalation of consumer-led adoption of biometric authentication. The adoption for banking purposes is a major contributor to this growth and the researchers forecast that by 2023 it will contribute US$4.8 billion in revenue for companies involved in delivering biometric systems to the banking industry. Biometrics for banking is increasingly a vital part of a bank's toolkit in the never-ending task of reducing financial fraud and ensuring that customers can conveniently prove their identity when accessing bank services - resulting in smarter identity verification and authentication for the customer-first bank.

This comprehensive report includes a review of current global adoption, market analysis including key drivers and barriers for adoption, interviews with leading stakeholders, technology analysis with review of key biometric technologies and profiles of companies supplying biometric systems to banks plus forecasts (regional and global) for users and revenue within the six-year period 2018 to 2023.

Key Topics Covered:

Forward

Author

Methodology

Regional Definitions

Executive Summary

ES1: Report Scope

ES2: Market and Technology Analysis

ES2.2: How is Biometrics used in Banking
ES2.2.1: How Can Banks Measure Biometric Technology? A Guide to Choosing the Right Biometric System
ES2.3: Market Drivers and Barriers
ES2.3.1: Market Drivers
ES2.3.2: Market Barriers
ES2.4: Banking Biometric Regulation and Technology Standards
ES2.4.1: Regulation
ES2.4.2: Industry Regulation / Guidelines
ES2.4.3: Technology Standards
ES2.5 Technology and Market Adoption
ES2.5.1: Market Adoption and Analysis
ES2.5.1.1: Biometrics for Banking
ES2.5.1.2: Biometrics in the Bank Branch
ES2.5.1.3: Biometrics for Electronic Banking (web-based)
ES2.5.1.4: Biometrics and Identity Verification - Proofing
ES2.5.1.5: Biometrics for Telephone Banking (Contact Centre)
ES2.5.1.6: Biometrics for Mobile Banking
ES2.5.1.7: Biometrics for ATMs
ES2.6: Biometric Technology - Analysis and Vendors
ES2.6.1: Behavioral Biometrics
ES2.6.1.1: Advantages and Disadvantages of Behavioral Biometrics
ES2.6.2: Eye Biometrics
ES 2.6.2.1 Iris
ES 2.6.2.1.1 Advantages and Disadvantages of Iris Biometrics
ES2.6.3: Face Biometrics
ES2.6.3.1 Advantages and Disadvantages of Face Biometrics
ES2.6.4: Fingerprint Biometrics
ES2.6.4.1 Advantages and Disadvantages of Fingerprint Biometrics
ES2.6.5: Heart (ECG)
ES2.6.5.1: Advantages and Disadvantages of Heart Biometrics
ES2.6.6: Voice Biometrics
ES2.6.6.1: Advantages and Disadvantages of Voice Biometrics
ES2.6.7: Finger-Vein Biometrics
ES2.6.7.1: Advantages and Disadvantages of Finger-Vein Biometrics
ES2.6.8: Palm-Vein Biometrics
ES2.6.8.1: Advantages and Disadvantages of Palm-Vein Biometrics
ES2.6.9: Palmprint Biometrics
ES2.6.9.1: Advantages and Disadvantages of Palmprint Biometrics

ES3: Forecasts

ES3.1 Methodology and Assumptions
ES3.2 Biometrics for Banking Forecasts
ES3.2.1 Introduction
ES3.2.2 Biometrics for Banking User Forecasts
ES3.2.2.1 Biometrics for Banking User Forecasts - By Technology
ES3.2.2.2 Biometrics for Banking User Forecasts - By Bank Channel (Service)
ES3.2.3 Biometrics for Banking Revenue Forecasts
ES3.2.3.1 Biometrics for Banking Revenue Forecasts - By Technology
ES4: Conclusion

Market and Technology Analysis

Introduction
How is Biometrics used in Banking
How Can Banks Measure Biometric Technology? A Guide to Choosing the Right Biometric System
Introduction
Biometric Performance
Usability
Security
Banking Regulation

Market Drivers and Barriers

Banking Biometric Regulation and Technology Standards

Introduction
Regulation
State and Federal Regulation
European Union (EU) General Data Protection Regulation (GDPR)
European Union Payment Services Directive (PSD2)
Anti-Money Laundering (AML) and Know Your Customer (KYC) Regulation
Industry Regulation / Guidelines
USA FFIEC
Bank of Korea

Technology Standards

Introduction
ISO
ANSI
UK CESG
USA NIST
The FIDO Alliance

Technology and Market Adoption

Market Adoption and Analysis

Biometrics For Banking

Biometrics in the Bank Branch

Introduction
Biometrics Supporting the Digital Bank Branch - Self-Service Banking
Al Rajhi Bank of Saudi Arabia rolls out Biometric-Enabled Self-Service Solution

Biometrics for Electronic Banking - Web-Based Banking

Introduction
Biometrics and Anti-Fraud Solutions
Biometrics and Identity Verification
Biometrics and Online Authentication
Barclays Supports Finger Vein Biometrics from Hitachi for eBanking
RSA's Adaptive Authentication Risk-Based Authentication Solution leverages Mobile-Based Biometrics for Step-Up Authentication

Biometrics for Telephone Banking / Contact Centre - Featuring IoT Smart Speaker Banking

Introduction
Barclays Bank streamlines telephone banking service by adopting voice biometrics
IoT Banking In the Home - Daon Enables Secure Biometrics for Amazon's Alexa

Biometrics for Mobile Banking - Featuring Wearables

Introduction
Wearable Devices
Apple Touch ID and Face ID - Allowing Banks to Support Mobile Biometrics
USAA Mobile Multi-Modal Biometrics Banking App - Results of Daon's IdentityX Deployment

Biometrics for ATM

Introduction
Cash
Biometric Technology Integrated into ATM
Biometric Technology Integrated into Separate Technology for use at ATM
Biometric Technology Integrated into Bank Card
Bitcoin ATMs
Introduction
Biometric Technology - Analysis and Vendors
Introduction

Behavioral Biometrics

Introduction
Technology Vendors and Service Providers
BehavioSec
Biometric Signature ID
BioCatch
TypingDNA
Pricing
Advantages and Disadvantages of Behavioral Biometrics

Eye (Ocular) Biometrics

Introduction
Iris
Introduction
Technology Vendors and Service Providers
Eyelock
Fotonation / Smart Sensors
Fingerprint Cards - ActiveIris
Princeton Identity
Nok Nok Labs
Advantages and Disadvantages of Iris Biometrics

Face

Introduction
Technology Vendors and Service Providers
Applied Recognition
Identity Verification - Applied Recognition
KeyLemon
iProov
SmilePass
Daon
AimBrain
Advantages and Disadvantages of Face Biometrics

Fingerprint

Introduction
Technology Vendors and Service Providers -Fingerprint Sensor Manufacturers and Authentication Integrators
Fingerprint Cards
IDEX
HID Global Lumidigm
NEXT Biometrics
Sonavation
Qualcomm
Synaptics Biometrics Product Division
BIO-key
Zwipe
Advantages and Disadvantages of Fingerprint Biometrics (Sensors)

Camera-Based Fingerprint Biometrics - Touchless

Technology Vendors and Service Providers - Touchless Fingerprint Biometrics
Diamond Fortress Technologies
IDair
Veridium
Advantages and Disadvantages of Sensorless Fingerprint Biometrics

Heart - ECG

The Nymi Band
B-Secur
Advantages and Disadvantages of Heart Biometrics

Voice

Introduction
Technology Vendors and Service Providers
Nice
Nuance
VoiceVault
VoiceTrust
Advantages and Disadvantages of Voice Biometrics

Finger Vein

Introduction
Technology Vendors and Service Providers
Hitachi
Sthaler
Advantages and Disadvantages of Finger-Vein Biometrics Palm-Vein
Introduction
Fujitsu
Advantages and Disadvantages of Palm-Vein Biometrics Palmprint
Introduction
Redrock Biometrics
Advantages and Disadvantages of Palmprint Biometrics
Forecasts

Methodology and Assumptions

Biometrics for Banking Forecasts

Companies Mentioned

Access Softek
AimBrain
Al Rajhi Bank
Ally Bank
Amazon
American Express
Apple
Applied Recognition
ARM
Atom Bank
Axis Bank
Aware Biometrics
Banco Bradesco
Banco Santander
Bank of Lanzhou
Bank Muscat
Bank of America
Bank of China
Bank of China Hong Kong
Bank of Korea
Banco Popular
Bankmobile
Barclays
BehavioSec
BioCatch
BIO-key
Biometrics Signature ID
B-Secur
British Bankers Association
Brightek
Cairo Amman Bank
Cardtech
CESG
Certibio
Cifas
China Construction Bank
City Bank of Texas
Cognitec
DAB Bank
Daon
DARPA
Deutsche Bank
Diamond Fortress
Diebold Nixdorf
Digital Insight
EarlyWarning
Encap Security
EPILEDS
EPISTAR
Epson
Ernst & Young
ECB
eyeLock
Face++
FFIEC
FCA
FFA
Fingerprint Cards
First Bitcoin Capital Corp.
Fotonation
Fujitsu
Garanti Bank
GBG IDScan
Gemalto
Getin Bank
HID Lumidigm
Hitachi
HYPR
Idair
IDEX
Idology
IEEE
InFocus
ING Bank
iProov
IrisGuard
Isbank
ITCARD
JP Morgan Chase
Jumio
KeyLemon
Lamassu,
Macau Monetary Policy
MasterCard
Microsoft
Mitek Systems
MoneyOnMobile
Monetise
Mountain America Credit Union
Morpho
M2SYS
Natwest Bank
NICE
NIST
NCR
NEXT Biometrics
Nok Nok Labs
Noris Bank
NTT DoCoMo
Nuance
Nymi
OCBC
OCC
OKI
Onfido
Pindrop
Planet Cash
Princeton Identity
Qualcomm
RBS
Redrock Biometrics
Royal Bank of Canada
Royal Oman Police
RSA Security
Samsung
Samsung SDS
SAMCO
SayPay
Smartmetric
SmilePass
St Georges Bank
Saque e Pague
Sonavation
Synaptics
Tangerine Bank
Tencent
The FIDO Alliance
The Natural Security Alliance
Trustonic
Turkiye IS Bankasi
TypingDNA
USAA
US Federal Reserve
Vasco/OneSpan
Verint
VISA
VoiceTrust
VoiceVault
Westpac
Wincor Nixdorf
ZTE
Zwipe.

For more information about this report visit https://www.researchandmarkets.com/research/mqvl77/global_biometrics?w=5

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