For financial institutions and their customers, the traditional reliance on passwords has become a precarious balancing act, a fragile barrier against a tide of increasingly ingenious attacks. Biometric authentication is emerging as a technological novelty and a fundamental shift in how we secure our financial lives. It stands for a security procedure utilizing the individual physical traits or behavioral patterns with the end goal of verifying one’s identity. Biometric authentication in banking has arisen as an innovative remedy to common security issues. Financial institutions have been progressively replacing traditional security systems with biometrics technology such as fingerprint sensors, facia recognition, and voice recognition. This shift from passwords and PINs to fingerprints, facial scans, or even voice recognition promises a future of banking that is not only secure but also remarkably convenient and personalized. Biometric payments offer a secure, convenient, and seamless way for consumers to carry out financial transactions. Biometrics is the basis of password less authentication, which is actively spreading worldwide. In this paper, we explore the exciting possibilities of biometric in finance.
biometrics, biometric payments, finance, finance industry
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.