Biometrics: The Future of Banking and Financial Service Industry in Nigeria

Richman Charles Agidi

《International Journal of Electronics and Information Engineering》 9卷2期 (2018/12) Pp. 91-105

https://doi.org/10.6636/IJEIE.201812_9(2).04

摘要

As the world becomes increasingly more digital, the number of passwords people have to manage is becoming a serious problem. Financial institutions need to investigate acceptable biometric alternatives for authenticating mobile banking; users that balance both security and simplicity. Consequently, companies and government authorities are becoming increasingly committed to de- veloping more convenient and secure means to access that information, allowing people to organize their lives digitally without hassle of fear of fraud. Biometrics, the science of measuring and statistically analyzing biological data, is still in its infancy but already a number of technological applications of its principles have been developed and adopted in order to increase the security and efficiency of the adopter's operations. Immigration desks at international airports are perhaps the most visible example of the potential of biometrics, as the latest passports and biometric cards allow airport authorities to more accurately log the arrival and departure of their visitors through fingerprint and eye scans. This provides a much more reliable and efficient method of verification than relying solely on human Agents. Those same principles of security and efficiency are what make the adoption of biometrics such an attractive prospect to banking institutions across the world. With the average banking customer handling a wider range of financial transactions online through desktop and mobile devices, the need for easy and safe access to their banking data is becoming a top priority for banking service providers wanting to differentiate themselves from their competitors.

關鍵字

Adopted Countries ； Banking ； Biometric On ； Financial Service Industry ； Functionality ； Security