Biometrics - The Future of Authentication in the Banking Industry and the gamechanger technology of the Apple X Face ID

1. 11 July 2017
Tony Chew
Chief Strategy Officer
V-KEY
19 September 2017
B I O M E T R I C S
THE FUTURE OF AUTHENTICATION

2. Simpler, faster and stronger
WHY WE NEED BIOMETRICS
2

3. voice
device
eye
I D E N T I T Y V E R I F I C A T I O N
password
personal data
behavior
face
hand
location
3

6. BIOMETRIC TEMPLATE IS IRREVERSIBLE
WHY ENCRYPT?

7. ANDROID WINDOWSAPPLE
7

8. FACE BIOMETRICS
FRR 5% @ FAR 0.001%
Windows 10
8

9. FaceID accuracy 1 : 1,000,000

12. Device binding
Biometrics
One time password
12
VIRTUAL SECURE
ELEMENT
INTRUSION PROTECTED ZONE
SECURE EXECUTION ENVIRONMENT

13. Deployment of Biometrics in Banking
13
Eye

14. 14
https://www.ocbc.com/personal-banking/online-banking/campaign/vocal-
password.html?cid=sg:en:others:ebiz:Vocal-Password:Launch:42644:social:Facebook:Link-Post::::

15. AT OCBC, MY VOICE IS MY PASSWORD

16. SPEECH

17. British telco hacked in Oct 2015
157,000 customer accounts compromised
100,000 customers defected
Financial impact $86 million
17

18. 4 million TalkTalk customers will
be able to use voice authentication
“ With TalkSafe, my voice
is my password ”
17 March 2016
18

19. ROC CURVE TEST SCENARIO
1,000 enrolments
1,000 live samples
Cross matching to plot FAR – FRR results
Expected outcomes:
1,000 genuine scores
999,000 impostor scores
19
Is biometrics infallible?

21. FRR 4% @ FAR 1%
FRR 6% @ FAR 0.2%
NUANCE VOCALPASSWORD 11.1
21

22. PASSWORD
INNOVATRICS IFACE 3.0
FRR 0.6% @ FAR 1%
FRR 1.2% @ FAR 0.1%
22

24. REGULATIONS FOR PROTECTING BIOMETRIC DATA
Definition of personal / biometric data
Consent of data subject Revocability of consent
General principles of protection
Roles of controllers / processors Security and compliance

25. end