banking presentation fst_v1.2
TRANSCRIPT
Dr Ted [email protected] Biometix
Chair Technical Panel, Biometrics Institute
Going beyond traditional authentication: Biometrics for financial services
Why use biometrics for financial services?
• Improve service
• Reduce costs
• Enhance fraud detection– (External and Internal)
• Compliance with govt. regulations
• Strengthen proof of identity (POI) processes
• Better risk management
• Improved identity management
Global Use of Biometrics inFinancial Services
National Australia Bank
ICICI Bank, India
Bloomberg
Banco Bradesco Bank of America
CITI Bank
Reserve Bank - MalaysiaDeutscheBank
America
Europe
AfricaAustralia
AsiaFingeprint
Finger Vein
Voice
Hand Vein
Iris
SignatureOther
Have
(Card)
Know
(PIN/Password)
Are
(Biometric)
Security/Identity Credentialing
Technology Cost versus Accuracy
COST
AC
CU
RA
CY
Voice
Fingerprint
Vein
Iris
Face
Identity Credential Ratings
CredentialRating
0 1 2 3
Minimal Low
Moderate
High
Minimal
Low
Moderate
High
SimpleSingle-FactorEg. Password
ComplexSingle-Factor
SimpleMulti-Factor
Semi-ComplexMulti-Factor
+
Reg
istr
atio
nR
atin
g (P
OI)
INTEGRATING BIOMETRICS IN A MULTICHANNEL ENVIRONMENT
IDENTITY RESOLUTIONUNIT
REFERAL
CARD PRODUCTION
ATM
BRANCH
Voice Web /Mobile
External - Customers and Biometrics
POS
Enrolment
• Identity Management -Duplicate Check
• Confirmation on Card Pickup
Account Opening
• At branch access
• At an ATM
• Over the phone
• Point of Sale
• Over the internet
Different Channels
External - Customer Biometric Usage
IDENTITY RESOLUTIONUNIT
REFERAL
Password Reset
CARD PRODUCTIONBRANCH
Internal - Staff Biometric Usage
Data CenterLogin and Signing
Access Control
Enrolment
• Background checksNew
Employee
• Building Access
• Data-centre Access
• Surveillance
• Cash Handling
Physical
• PC Login
• Authorizations
• Password ResetLogical
Internal - Staff Biometric Usage
Biometric Challenges
BiometricsEnvironmental
Physiological
AcceptanceCost /
Benefit Risk Mitigation
Integration
Process
WHAT’S NEXTTHE FUTURE OF BIOMETRICS IN FINANCIAL SERVICES
Mobile e-Wallets
Identity Interchange
Emerging Markets
• The Biometrics Institute is independent and not-for-profit.
• It is a unique forum that brings together the whole of the biometrics industry – users, suppliers and researchers.
• The mission of the Biometrics Institute is to be an international forum for biometric users and other interested parties and to promote the responsible use of biometrics
• http://www.biometricsinstitute.org
Over 130 Organisations, including:
• ANZ Banking Group (ANZ)• National Australia Bank (NAB)• Royal Bank of Scotland (RBS)• Westpac Banking Corporation• Bank of New Zealand• Kiwibank• Spanish CECA• Bank South Pacific• Attorney-General's Department • Australia Post
Follow up
• #1 Tip: Always approach biometric projects from an identity and risk management perspective.
• Go to banking.biometix.com to obtain a free report on Biometrics and Banking.
• Become a member of the Biometrics Institute.
• Ted Dunstone - [email protected] -0419990968.