Behavioral Biometrics – The Next Frontier in Secure Digital Banking

https://gomedici.com/behavioral-biometrics-the-next-frontier-in-secure-digital-banking
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Technology has progressed significantly from the time we first received our one-time passwords (OTPs) on our basic cell phones. Today, OTPs secure a wide variety of transactions, from placing orders for food and clothes to booking a cab and finalizing a payment. Digital banking has become ubiquitous, with banks offering customers 24*7 services with personalized and seamless mobile banking applications. However, advances in technology have led to a rapid rise in fraudulent activities, undermining the credibility of the banking ecosystem.

According to a recent report on Indian consumers by UK-based market research firm YouGov and NASDAQ-listed ACI Worldwide, 31% of the surveyed customers or their immediate family and fr …

https://gomedici.com/behavioral-biometrics-the-next-frontier-in-secure-digital-banking