Bio metric Authentication: Five Myths Busted
Bio metrics are increasingly being used in mobile banking apps to secure the digital banking process while providing a convenient user experience. The technology is especially useful in the current COVID-19 era, as there has been a tremendous shift to mobile and online banking due to shelter-in-place orders. Recent surveys show that consumers are increasingly comfortable using bio metric authentication to secure their digital banking transactions, with 65 percent of Americans saying they are willing to provide bio metric information to their bank. Although consumers are embracing bio metrics for digital banking, there are still some misconceptions about the technology, which can easily be dispelled.
Here are five common myths related to bio metrics, and the truth that financial institutions and consumers alike should know:
Click on this link to read the full OnSpan Blog