How does Biometric Technology work?
Updated: Nov 27, 2019
Biometrics includes individual authentication through the evaluation of unique biological characteristics. This authentication is possible through body geometry (hand, face, iris), voice recognition, identification of fingerprints, verification of signatures, among other forms. Biometrics are considered to have better authentication reliability compared to numerical codes and physical devices. Numerous technologies are developed to deal with individual identification, with advances in hardware, readers, sensors, pattern recognition, and image and signal processing technologies.
The prediction of the biometric market as an access control solution for the immediate future is very good. In the United States alone, the size of the biometric technology market was valued at more than $ 12 billion by 2016, and is estimated to exceed $ 50 billion by 2024; according to Global Research Insights, Inc.
Many industries are implementing biometric readers to increase security and streamline certain operations.
It was seen at the Mobile World Congress in Barcelona, where biometric mobile technology was everywhere and in everyone's mouth. We are talking about truly revolutionary data: since the first quarter of 2013, more than 200 smartphones with fingerprints, irises and eye veins have been introduced under 70 brands, according to new research from Acuity Market Intelligence. This includes the market leaders from Apple, Samsung, Huawei, Xiaomi, TCL, Oppo, Vivo and ZTE. Acuity believes that 600 million biometric smartphones are currently in use, accounting for 28% of the global installed base. MWC has seen mobile device makers unveil portable devices and a number of biometric modes.
Not only spoke of using biometrics for mobile identification also in the MWC2018 visitors were able to access the event with facial recognition that was installed in some website entries.
Face recognition access control for the event was a way to show what's coming in the field of biometrics, given the industry's absolute security for large-scale events.
This technology can also be used at airports, with additional functions to allow the system to read the RFID chip on passenger cards, securely access images that are already stored in a database, and use that image to bring together insitu people with those who want to get into transport safely and accurately.
Technological innovations and greater mobility are developing a new era for banking and financial services. The digital bank is booming and, in recent years, financial institutions have incorporated biometric technology to authenticate customers, employees, and simplify certain operations.
Digital embedding, electronic signature services, contactless payment services, and a variety of standard retail banking options for end users such as bill payments and cash transfers will be allowed. And it will support face recognition, fingerprint recognition and voice recognition for user authentication. With the constant technological advances, mobile banking has witnessed a great acceptance among consumers due to its security feature that has further boosted the growth of the sector.