Bank without Biometrics • In 2016, Tesco faced a massive data breach where 40,000 accounts • In 2016, India’s largest data breach affected 3.2 million customers • In 2014, JPMorgan Chase faced a massive data breach affected 7 million small businesses Why Biometrics • Impossible to replicate or forge • Most convenient system • Most reliable system • Create Audit Trail The Use of Biometric in Banks • Biometrics in branch banking • Biometrics in ATMs • Biometrics for internet banking • Biometrics in mobile banking • Single sign-on (SSO) form more effective password management Future of Banking Security • Three-quarters of 16-24 year olds would feel comfortable using biometric security • 69% believe it will be faster and easier than passwords and PINs • Half of young people foresee the death of passwords by 2020 Presentation source: http://bit.ly/2GAV5Te