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Emerging Players in Biometric Authentication: Securing Remote Channels and Payments

Emerging Players in Biometric Authentication: Securing Remote Channels and Payments

Emerging vendors supply clever, elegant biometric solutions to the financial services authentication ecosystem.

Boston, December 18, 2013 – The annals of recent payment history are littered with companies that planned to revolutionize the financial services consumer authentication process using biometrics. Now, the recent proliferation of smartphones, tablets, and camera-enabled computers has created an ecosystem of devices that can finally support a variety of biometric authentication mechanisms, and new vendors are rising to the challenge. From biometrics that are fairly transparent to the end user, such as behavioral, signature, and voice biometrics, to more interactive solutions, such as fingerprint or facial recognition, the range of innovative offerings in this nascent market is manifold.

This report, the first in Aite Group's new series on emerging players, profiles nine emerging players in the biometric authentication space: BioCatch, Biometric Signature ID, Daon, Facebanx, Natural Security, Paycasso​, Softpro, ​​VoiceVault, and ValidSoft. All have a remote-channel or payment authentication solution in pilot or production in financial services or healthcare. The piece also highlights opportunities in this emerging space as well as the risks and early lessons learned.

This 19-page Impact Note contains one table. Clients of Aite Group's Retail Banking, Wholesale Banking, Health Insurance, or Wealth Management services can download this report.