To date, biometrics technologies have largely driven by the needs of governments to identity its citizens and protect its borders. But as the technologies mature and focus increases on payment security and anti-fraud measures, biometrics are finding a logical home in the financial services sector. Recent cross-industry ISO standards, and work addressing interoperability, scalability, privacy and security issues mean an industry-specific EMVCo biometrics profile is now an achievable reality. But challenges remain – in the definition and agreement of the best approach, in integrating biometrics into payment systems, and in encouraging adoption by both financial institutions and consumers. The presentation will focus on: • The use cases and biometric applications within the financial markets • International standards harmonization and the key role of SPA in promoting interoperability • The applications integration challenges facing payment systems • The vital importance of ensuring biometric data protection and privacy
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