The Rise of Biometrics in Finance

Out of 2.4 billion poor people worldwide, about 1.5 billion are not able to prove their identity to formal economies.

Globalization and population growth increase the pressure to find cost-effective solutions to prove identity. Recent advances in biometrics, from iris scanning to DNA analysis and voice pattern recognition, are likely to play an important technical role in fixing this, yet identity is not necessarily something that is fixed. – Michael Mainelli, Executive Chairman, Z/Yen Group

In response to the necessity for new ways to shed light on massive invisible population globally, the biometrics market is expected to experience a substantial growth over the coming years. In fact, some esti ...

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