As technology is progressing, businesses are going digital to reap the benefits of the modern world. From shopping stuff to opening a bank account, companies use online services to automate their operations and reduce human efforts. All the needs of clients and companies can be easily met with advanced technology.
Technological evolution where opened great opportunities for businesses also became a breeding ground for scammers to carry out their nefarious activities. Online bullying has become so common in the modern age. Technology that attracts many has now been susceptible to various fraudulent activities. This is exactly where biometric screening comes as hope for businesses to avoid organized crime cases.
Biometric Consent Verification
It is the hidden innovation in the biometric system which uses both biometrics as well as consent verification. In biometric screening, the facial, iris, or fingerprint of the individual are scanned for verification purposes while in consent verification a written agreement is provided by the user to authenticate their identity. Thus, biometric consent verification takes several aspects of individual identity. It requires the individual to be physically there at the time of verification and should also showcase a handwritten document. Thus, it is a combination of facial as well as document verification.
Importance of Biometrics in KYC
Know your customer refers to the personal details needed by the regulated businesses including financial firms to permit only authenticated individuals to enter the premises. To meet the company’s security policies, the clients are verified through their biometrics. This helps sectors combat crimes like money laundering, identity theft, etc. Biometric security provides efficient authentication services by also reducing the precious time which facilitates both businesses and their clients. It is a secure KYC process that helps firms combat fraud while staying compliant with government regulations.
Uses of Biometric User Authentication in Everyday Life
- Banking
As the technology is evolving, fraudsters are also revising their methodologies to carry out nefarious activities and exploit businesses. This is why the financial sector including banks uses biometric recognition to provide their clients a great customer experience and ensure great security services for the business and their precious clients.
- Building Access
In this age where fraudulent activities are prevalent, many buildings including homes and workplaces are integrating biometric ID screening to verify an individual before allowing them to enter the building and use its services. Fingerprint recognition is widely used in buildings. Contrasted to old verification systems that use PINs or passwords to authenticate an individual, biometric verification is more secure. Passwords could be stolen while biometrics of an individual can not, thus proving to be a fruitful solution that the rapidly increasing fraudulent activities.
- Schools
Schools in the US, Belgium, and the UK already implemented biometric ID card screening which provides them greater security services and also makes the student enrollment procedure more efficient. To ensure that only authenticated pupils enter the school premises, fingerprint recognition is done for several activities such as recording the attendance of students and employees, checking out books in the library, or sometimes paying for the meals.
- Public Transport
The adoption of biometric identity screening in public transport is in the early phase but will have far-reaching implications. They will not only provide greater security to passengers but also make the verification process frictionless for them. Some of the trains have started using biometric cameras that keep track of the train capacity, any medical emergency, and also let the management know when any fake identity is onboarded.
- Blood Banks
Identity authentication is important for blood donors. In the old times, blood donors have to take cards with them having all their details. With a biometric security system, the need to carry cards, data entry issues, risk of duplication have completely been resolved, providing greater security and improving the experience of the one who is donating blood.
- Airport Security
The use of biometric screening has become widespread at airports. To make the verification process seamless for travelers and avoid fake travels, airports now use facial verification. It helps airports in real-time monitoring of the travelers to ensure no fake identity enters the country. It is expected that biometric passport verification will roll out across all sectors in near future.
Final Thoughts
As technology is evolving, criminals are also adopting sophisticated strategies to exploit businesses. Bypassing the verification system is no more a challenge for them, This is why every business is in dire need of biometric screening which not only would enhance their security but also help them stay compliant with the global regulations.
