Biometrics in Financial Services, Forecast to 2022

Advanced Biometric Solutions Create a Secure Environment for Financial Transactions and Boost Customer Experience

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Financial services industry has been remarkably disrupted by innovative technologies and new business models to-date. Customers are demanding more customer-centric, digital solutions and expect banks to create solutions that not only solve the problem of security but also increase the level of customer satisfaction. The pace of innovation is rapid in financial services, especially in biometrics. Traditional banks and start-ups are gearing up for taking banking to the next level by making their biometric solutions advanced and efficient. Some financial service companies are now offering real-time authentication for payment and money transfers through the mobile banking applications. These biometric solutions giv

Table of Contents

Biometrics in Financial Services, Forecast to 2022Executive SummaryKey FindingsDefinitionsDefinitions (continued)Key Questions this Study will AnswerResearch ScopeBiometrics Product ScopeDrivers and RestraintsMarket DriversDrivers ExplainedMarket RestraintsRestraints ExplainedIntroduction to BiometricsIntroduction Challenges for Customer Identification in Financial ServicesBiometrics—Building a Secure Financial Services EnvironmentFingerprint in Financial ServicesUse Cases—FingerprintFacial Recognition in Financial ServicesUse Cases—Facial RecognitionVoice Recognition in Financial ServicesUse CasesEyeprint in Financial ServicesUse Cases—Eye RecognitionVein Recognition in Financial ServicesUse Cases—Vein RecognitionBehavioral Biometrics in Financial ServicesUse Cases—Behavioral BiometricsBiometrics Deployment TimelineBiometrics Providers for Financial ServicesBiometrics ProvidersWorkflow—FingerprintWorkflow—Facial RecognitionWorkflow—Voice RecognitionWorkflow—Vein RecognitionWorkflow—Eye RecognitionBiometrics in Financial Services TrendsCitibank—Recent Investments in BiometricsWells Fargo—Recent Investments in BiometricsLloyds—Recent Investments in BiometricsSantander—Recent Investments in BiometricsBBVA—Recent Investments in BiometricsFNB—Recent Investments in BiometricsDBS—Recent Investments in BiometricsIndusInd—Recent Investments in BiometricsRegional Trends for Biometrics in Financial ServicesEmerging Trends—Biometrics-Enabled SmartcardsBiometrics-Enabled Credit/Debit CardsBiometrics in Financial Services—Revenue Forecast by RegionBiometrics in Financial Services—Revenue Forecast by Technology Growth Opportunities and Companies to ActionGovernment Identity CardsDigital Customer OnboardingAsian MarketsStrategic Imperatives for Success and Growth The Last Word3 Big TakeawaysLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy

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