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International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101

New Innovations:
There has been new way for innovation in the There has been new way for innovation in the video source. There are many types of authentication video source. There are many types of authentication
financial sector in recent years as banks realize the financial sector in recent years as banks realize the for banks and payment firms to consider though, and for banks and payment firms to consider though, and
need of digital technologies such as mobile, need of digital technologies such as mobile, analytics e-commerce firm Alibaba believes that payments commerce firm Alibaba believes that payments
and telepresence to meet fast-changing demands from changing demands from could be made with a smile. HSBC is the first uld be made with a smile. HSBC is the first bank
customers. Following are the some new innovations in customers. Following are the some new innovations in who adopts the facial recognition technology.the facial recognition technology.
banking sectors:
3. In-car apps :
Spanish financial institution Caixa Bank has created panish financial institution Caixa Bank has created
1. Biometrics Technology : S
Biometric technology by which a person can be Biometric technology by which a person can be the first mobile banking app that can be accessed the first mobile banking app that can be accessed
uniquely identified by evaluating one or more uniquely identified by evaluating one or more while driving, using voice control functionwhile driving, using voice control functionality. The
distinguishing guishing biological biological traits. traits. Biometric Biometric technology used by CaixaBank app, called Línea technology used by CaixaBank app, called Línea
authentication includes fingerprints; hand, DNA, authentication includes fingerprints; hand, DNA, Abierta BASIC. Drivers can make balance enquiries Abierta BASIC. Drivers can make balance enquiries
retina, ear and face features. Biometrics systems could retina, ear and face features. Biometrics systems could and transfers, as well as locate nearby branches and and transfers, as well as locate nearby branches and
end the need of PIN code and password. According to end the need of PIN code and password. According to ATMs, by speaking into their Android device. ATMs, by speaking into their Android device.
the BBC, Hongkong and Shanghai Banking the BBC, Hongkong and Shanghai Banking
Corporation (HSBC) are launching voice and touch launching voice and touch 4. Smart Watches :
recognition security services in the UK. Barclays also recognition security services in the UK. Barclays also Banking transactions can be doneBanking transactions can be done on smart watch-be
upped security in 2014 – offering finger scanning for offering finger scanning for it an Android Wear or Samsung Gear. It‘s not only it an Android Wear or Samsung Gear. It‘s not only
authentication of large transactions. g
global financial institutions and banks like Scotia lobal financial institutions and banks like Scotia
b
bank, Deutsche Bank that have developed apps for ank, Deutsche Bank that have developed apps for
2. Facial recognition Technology : s
smart watches that run on all major mobile operating mart watches that run on all major mobile operating
A facial recognition system is a new computer A facial recognition system is a new computer systems. But some Indian private systems. But some Indian private sector banks like
application capable of identifying or verifying a plication capable of identifying or verifying a ICICI, AXIS, HDFC banks have introduced smart ICICI, AXIS, HDFC banks have introduced smart
person from a digital image or a video frame from a person from a digital image or a video frame from a watches apps.

@ IJTSRD | Available Online @ www.ijtsrd.comwww.ijtsrd.com | Conference Issue: ICDEBI-2018 | Oct 2018| Oct 2018 Page: 81