Financial institutions have been slow to deploy biometrics for authentication, but a new biometric standard for financial services could boost adoption.
Biometrics -- the science of identifying individuals by their unique physical traits, such as fingerprint, iris and voice patterns -- always has been cutting-edge technology. Sexy, even. But practical for the banking industry?
Now, however, the International Organization for Standardization (ISO) has established a standard security framework, ISO 19092:2008, for the use of biometric authentication of individuals in the financial services industry. According to the ISO, the framework introduces the types of biometric technologies and addresses issues concerning their application. ISO 19092:2008 also describes architectures for implementation and provides recommendations for suitable use.
Read more at: http://www.banktech.com/news/showArticle.jhtml?articleID=208700738
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