News and insight into biometric identification and authentication

New banking standard expected to increase biometric implementation

Monday, July 7, 2008

With the International Organization for Standardization’s release of a new standard for biometric security in banking, many believe the use of biometrics in the field will increase, according to an Asian Banker article.

The new standard outlines requirements for implementation and use of the technology, different issues regarding the use of biometric technology, and requirements for securing the data from when it is collected through the storing and identification processes. These requirements are expected to both assist banks with their implementation of biometric technology as well as help assuage consumer apprehension about biometric programs in banking.

In the past, many Asian banks have had both successes and failures with implementation of biometric technology, but bank administrators expect this new standard to help push forward more successful implementations as well as encourage new trial programs for other biometric technologies.

Read the full story here [end] 

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