Technological innovations brought opportunities for better employee efficiency in serving the best interest of the stakeholders. The bank industries are now providing their services via online platforms for a user-friendly experience.
At present, most businesses integrate biometric identity verification. It reduces cybersecurity threats, especially fraud, for data security and protection purposes. Consumers need to answer first the online identity verification before proceeding to their respective transactions.
Biometric technology keeps the community safe from potential threats. The biometrics tech had gone through monumental changes to become what it is right now. Here are the highlights of its long history.
Historical accounts said that the Babylonians were the first proponents of the biometric identification system way back in 500 B.C.
During the 18th century in Paris, France, a method developed by Alphonse Bertillon used specific body measurements to identify and compare criminals. Despite being full of flaws, it became the first attempt to authenticate identity using unique biological characteristics.
Administrators identify individuals by extracting usable feature points in an imagethrough the manually operated semi-automated facial recognition methods.
The Federal Bureau of Investigation (FBI) funded fingerprint and facial recognition development. Its main goal – reinforce laws against criminality. Such marked the exploration of advancements in biometric capture and data extraction.
Today’s speech recognition technology became possible with the National Institute of Standards and Technology (NIST) efforts that set the groundwork for voice command and recognition systems studies.
The rise of the iris recognition algorithm in 1985 became a breakthrough in biometrics science. It uses the eyes’ unique blood vessels patterns for authentication.
Face recognition biometrics gained popularity in 1991 as it made real-time recognition possible. Yet, at that time, it still needs lots of tweaks and improvements.
With hundreds of patented biometrics available, unlike before, businesses and events also get the chance to use biometric authentication recognition for their activities and purposes.
Smartphone brands had their biometric systems. Digital signatures are gaining waves of prominence in banks. Password-less transactions continue to become relevant in businesses activities. Indeed, biometric tech continues to advance through the years and grows at a rapid rate.
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