Abstract
This Financial Insights report examines the growing use and effectiveness of
biometric authentication devices by financial institutions in Asia/Pacific.
This fascinating new area promises a futuristic approach against the growing
number of threats that financial institutions are facing today.
Abhishek Kumar, market analyst, Asia/Pacific Banking Advisory Service, notes,
"Biometrics is the highest level of authentication available today. Banks in
Asia are already using biometric authentication in physical security. The
problems start when implementing customer-related biometric authentication."
Kumar concludes, "The lack of standardization between devices, little
regulatory guidance, and cost concerns show that the practical implementation
of biometric authentication for customer-related authentication is still
several years away."
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