facial recognition technology

ArticlesBiometrics payments, experience, and the future
Shopping with a glance to the camera, transfers with one swipe, loans, and deposits from home have already become available. But before biometric technology can be used everywhere, it is necessary to educate users on how it works and prove the security and convenience of the new technology.
Biometric data is a unique physical characteristic of a person used to identify or authenticate a person. These include the face, lip movement, retina, fingerprint, vein pattern, and voice. Organizations collect biometric customer to improve security, convenience, and speed of customer service, as well as for national databases. This system enables citizens to become customers of banks, stores, and other organizations without visiting the office through remote identification.

According to KPMG's Global Bank Fraud Survey 2019, 67% of banking leaders invest in physical biometrics tools such as voice, fingerprints, facial recognition.
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