September 26, 2022
7 Prominent Areas Biometric Recognition is Bringing Innovations

Traditional verification methods are paving way for criminals in today’s digital world. Technological advancements are equipping criminals with sophisticated methods to reap illicit benefits. This way they deprive legit customers of their rights. The Federal Trade Commission (FTC) reported that of all the losses, customers lost over $2.3 billion to identity fraud.

Due to this very reason, biometric recognition is emerging as the authenticator of identity in the wake to combat criminal attempts. Biometric ID verification is taking over the world as it is more efficient in verifying customers than the traditional methods. The blog provides an overview of the industries employing biometric screening to onboard customers.

Biometric User Authentication is Taking Over the Industries IDV Operations

Biometrics are everywhere and with their robust verification checks, it is enhancing industries’ onboarding process. They have been around for ages and are evolving with advancements to further ensure secure customer onboarding for industries. Industries are incorporating digital methods to assist and register customers which are raising other consequences such as identity theft and data breaches.

Shufti Pro Funding indicates that this calls for more accurate and effective solutions. The AI-powered biometric recognition is providing industries with multiple identity checks that criminals can not replicate. The following areas are seen readily incorporating biometric user authentication into their verification process:

Digital Banking Sector

Since the pandemic, the finance sector is bringing innovations to better assist customers. In this process, they are minimizing the need for paper money. Therefore, banks and other financial institutions have shifted payments online. Banks are providing customers with digital accounts to streamline their banking experience.

However, to ensure the smooth functioning of these initiatives and to combat cyber-crimes, banks are using biometric screening. They ensure authorized access by asking the customer to scan their face and fingerprint. The AI-driven biometric ID verification solutions are making the log-in of customers easier as criminals can hardly create fake facial features.

Similar to this, face recognition has facilitated identification in airport security checks. By doing so, the travel sector can help travellers with accurate and convenient verification while simultaneously ensuring airport security. Moving on, airports utilise self-service kiosks, which have reduced the need for manual labour, enabling efficient biometric user authentication.

Security at Airport

Biometric recognition is also playing its part in making travelers skip the hassle of long clearance lines. This way, the travel industry is shaping the experience of passengers by providing accuracy with convenience. Travelers can simply upload their biometric passports online and board airplanes without the need for on-site physical verification.

Similarly, in the case of airport verification, facial recognition has made identification easier. This way travel industry can not only ensure security at airports but also assist passengers with accurate and convenient verification. Moving on, for effective biometric user authentication, airports are using self-service kiosks that have also minimized the need for human effort.

Cashless Shopping on E-Commerce Platforms

Along with the rest of other industries, e-commerce platforms are also employing biometric recognition to streamline online payments. This method is replacing traditional payment with online transfers. Moreover, the use of an OTP or PIN also seems to fade away as fingerprint and facial recognition are taking over. E-stores like amazon are already incorporating biometric-based payment methods.

Customers can add their product to the cart, select payment methods, scan their faces, and make a purchase. This process provides more security while enhancing the on-site buying experience of customers. Therefore, biometric recognition for online payments holds a competitive edge in the market.

Identification of Offenders

Law enforcement agencies are using biometric identity verification to safeguard civil society. Thye can remotely track and monitor criminals even if they are in a crowd. The AI-powered biometric screening solutions are enhancing the identification of offenders by enabling agencies to access global databases.

Civilians are also vesting their trust in biometrics for the identification of criminals. This will provide them with safety while mitigating the chances of criminal activities. As per Shufti Pro News, police departments of Maryland, California, Ohio, and Florida are already using facial recognition as a weapon to track offenders.

Travelers may now avoid the inconvenience of lengthy clearing queues thanks in part to biometric identification technology. By combining accuracy and convenience, the travel sector is influencing the traveller experience. Without the requirement for on-site physical verification, travellers may just submit their biometric passports online and board airlines.

Similar to this, face recognition has facilitated identification in airport security checks. By doing so, the travel sector can help travellers with accurate and convenient verification while simultaneously ensuring airport security. Moving on, airports utilise self-service kiosks, which have reduced the need for manual labour, enabling efficient biometric user authentication.

Device Log Ins

Biometric security systems are also making their way to digital devices. Manufacturers like Apple are providing a facial recognition scanner for users to minimize the hassle of putting in a PIN code. Similarly, biometric security systems ensure authorized access to devices by using fingerprints and facial verification.

Hotel Check-Ins

Hotels are also using biometric security checks to assist customers in a better way. They are minimizing the need for chips, keys, or magnetic strips for check-ins.

Hospitals, Pharmacies, and Digital Treatment

Criminals are using fake identities to commit prescription fraud, false insurance scams, and other medical theft. In order to make the medical care sector more secure, biometric screening is providing effective verification methods. E-pharmacies and telehealth providers are using facial and fingerprint verification to ensure legit patients are accessing the services.

In Conclusion

In a nutshell, the biometric recognition market is expanding while providing services to almost every industry. To perpetrate prescription fraud, criminals create false identities. By employing biometrics in operations, industries can not only ensure customer security but also enhance their overall experience. Biometric-based digital onboarding is outdating the traditional verification methods. It is more convenient, user-friendly, and secure.