The Problem Biometric Authentication Solves for Financial Services

Both the frequency and impact of data breaches are rising, but this is especially apparent in the financial industry. In fact, the number of data breaches tracked in the United States in 2016 hit an all-time high, with an estimated 1.5 billion people affected. This increase in data breaches clearly demonstrates how antiquated existing identification security is. Passwords, PINs, and physical ID cards simply aren’t working.

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