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Banks and Border Agents Grapple with Biometric Technology
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Banks and Border Agents Grapple with Biometric Technology

Banks and Border Agents Grapple with Biometric Technology

Fintech Nexus Staff·
FintechNews Roundup
·Feb. 3, 2017·1 min read

As more and more countries begin implementing biometric technology at their borders, banks are also beginning to use fingerprint analysis and retina scans to verify identities; Canada has used their NEXUS program to track travelers and India has used the Aadhaar program to identify their population; banks have begun testing out these technologies to see what fits their customer best: fingerprints, retina or facial recognition; with the new technology still comes age old issues of theft; stealing a fingerprint then changing it can happen just like the changing of a password; banks are still trying to figure out how to address the new technology and learning lessons from border patrol is one way for them to ensure the best solution.  Source

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    Fintech Nexus Staff

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