SlideShare a Scribd company logo
ICT Enabled Innovation
~ Finger Vein Authentication Technology in Banking ~
Agenda
 Unexpected and new
knowledge
05
SOURCE OF INNOVATION
 Breakthrough Product
Innovation
04
TYPE OF INNOVATION
 Near-infrared light (LED),
CCD camera, pattern
compression and
digitization, pattern-
matching algorithm
02
TECHNOLOGIES USED
 Finger Vein Authentication
Technology in Banking &
Finance sector addressing
identity thefts
01
CONTEXT OF INNOVATION
 High accuracy, speed,
secure, small, non-
traceable, user-friendly
03
BUSINESS/SOCIAL VALUE
06
RESULTS OF INNOVATION
 Card less transaction,
increased customer
confidence, reduced
identity theft
Context of the innovation
 Case organisation: BPH
bank, Poland
 Implementation of
finger vein
authentication
technology for personal
identification in banking
& finance sector
Background
 Cybercrime, especially
financial crime on the rise
 Financial crime frequently
committed over Internet
targeted against financial
institutions
 Identity fraud is the top
category of financial crime
 Majority identity fraud are
bank card and financial
account related
Background
 Implications of bank card identity
fraud are:
 Financial loss for individual and
financial institutions
 Diminished trust & customer
confidence in financial institutions
 Fraud victims deterrent to
consume digital banking services
Technologies Used
Near infrared light
generated by light
emitting diodes
(LED)
Charge coupled
device (CCD)
camera
Image processing
of finger vein
pattern from
camera
Pattern
compression and
digitisation
Pattern-matching
algorithm
How Finger Vein Technology Works
Business value of the innovation
 High accuracy authentication
 Fast authentication speed
 Highly secure
 Small
 Non traceable
 User-friendly
Comparative Analysis with other Biometrics
Breakthrough Product Innovation
Type of innovation
 Unexpected
 New Knowledge
Source of innovation
Results of the innovation
 Card less transaction (self-service ATMs, branch and online
transaction)
 No necessity to change password or PIN let alone remember
them
 Drastically reduced identity thefts
 Increased customer confidence in banking and finance
institution and consumption of digital banking services
 Leading the way for other financial institutions to adopt
technology
Bank BPH has 1,800
units
Poland
Barclays Bank,
Corporate Customers
UK
Is Bank has 3,400
units implemented
Turkey
STAR Tasmania has
implemented in 21
office locations
Australia
80% ATMs and Bank
Branches
Japan
Worldwide Implementation
Challenges for adoption
 Cost (hardware & integration)
 Consumer acceptance (privacy and safety concerns, and hygiene
issues)
 Consumer confidence in the technology
THANK YOU
Reference List
 Al Pascual, K. M., Sarah Miller. (2016). 2016 Identity Fraud: Fraud Hits an
Inflection Point. Identity Fraud Study. Retrieved from
https://www.javelinstrategy.com/printpdf/23431
 Edgington, B. (2007). Your quest for the ideal biometric: is it in vain? Retrieved
from http://www.hitachi.eu/veinid/documents/veinidwhitepaper.pdf
 Harrell, E. (2015, Sep-2015). Victims of Identity Theft, 2014. Retrieved from
http://www.bjs.gov/content/pub/pdf/vit14.pdf
 Hitachi-Omron. (2016). Taiwan's CTBC Bank Adopts Finger Vein Authentication
Solution for ATMs. On. Retrieved from: http://www.hitachi-omron-
ts.com/news/201607-001.html
 Hitachi. (2012). BANK BPH. Hitachi Digital Security Case Studies. Retrieved from
http://digitalsecurity.hitachi.eu/case-studies/bank-bph/
Reference List
 Hitachi (2014). Finger Vein Authentication Technology for Smooth and Accurate
Walkthrough-style Personal Verification. On: Hitachi America. Retrieved from:
http://www.hitachi.com/New/cnews/month/2014/12/141208a.pdf
 Hitachi. (2014). Planet Cash: Europe’s first biometric ATM shared network launched
in Poland. Retrieved from
http://www.hitachi.eu/sites/default/files/fields/document/press-
release/press_release_hitachi_itc_14_may_2014_final_r.pdf
 Hitachi. (2015). STAR Tasmania. Retrieved from Vein ID: Hitachi in Oceania website:
http://www.hitachi.com.au/documents/casestudy/cs-startas.pdf
 Hitachi. (2006). Finger Vein Authentication: White Paper. Retrieved from
http://www.hitachi-
america.us/supportingdocs/services/smart_solutions/Finger_Vein_Authentication_
White_Paper.pdf
Reference List
 Hitachi, Ltd. (2015) VeinID: Finger Vein Authentication Technology. Retrieved
from http://www.hitachi.eu/veinid/documents/hitachi_vein_16pp.v6.pdf
 Hitachi, E. (2012) BANK BPH. Hitachi Digital Security Case Studies. Retrieved
from http://digitalsecurity.hitachi.eu/case-studies/bank-bph/
 Hitachi, E. (2012) Finger Vein Technology with Bank BPH. Hitachi Digital
Security Case Studies. Retrieved from http://www.hitachi.eu/en/case-
studies/finger-vein-technology-bank-bph-poland
 Institute, B. (2012). Biometrics Technology and Standards Overview. Retrieved
from http://www.biometrics.gov/documents/biotechstandard.pdf
 https://youtu.be/OKlwlpT5EUY
Appendix
USB Finger Vein Reader
ATM Finger Vein Reader
Physical Access Reader
Embedded Reader

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Biometric Authentication in Banking

  • 1. ICT Enabled Innovation ~ Finger Vein Authentication Technology in Banking ~
  • 2. Agenda  Unexpected and new knowledge 05 SOURCE OF INNOVATION  Breakthrough Product Innovation 04 TYPE OF INNOVATION  Near-infrared light (LED), CCD camera, pattern compression and digitization, pattern- matching algorithm 02 TECHNOLOGIES USED  Finger Vein Authentication Technology in Banking & Finance sector addressing identity thefts 01 CONTEXT OF INNOVATION  High accuracy, speed, secure, small, non- traceable, user-friendly 03 BUSINESS/SOCIAL VALUE 06 RESULTS OF INNOVATION  Card less transaction, increased customer confidence, reduced identity theft
  • 3. Context of the innovation  Case organisation: BPH bank, Poland  Implementation of finger vein authentication technology for personal identification in banking & finance sector
  • 4. Background  Cybercrime, especially financial crime on the rise  Financial crime frequently committed over Internet targeted against financial institutions  Identity fraud is the top category of financial crime  Majority identity fraud are bank card and financial account related
  • 5. Background  Implications of bank card identity fraud are:  Financial loss for individual and financial institutions  Diminished trust & customer confidence in financial institutions  Fraud victims deterrent to consume digital banking services
  • 6. Technologies Used Near infrared light generated by light emitting diodes (LED) Charge coupled device (CCD) camera Image processing of finger vein pattern from camera Pattern compression and digitisation Pattern-matching algorithm
  • 7. How Finger Vein Technology Works
  • 8. Business value of the innovation  High accuracy authentication  Fast authentication speed  Highly secure  Small  Non traceable  User-friendly
  • 9. Comparative Analysis with other Biometrics
  • 11.  Unexpected  New Knowledge Source of innovation
  • 12. Results of the innovation  Card less transaction (self-service ATMs, branch and online transaction)  No necessity to change password or PIN let alone remember them  Drastically reduced identity thefts  Increased customer confidence in banking and finance institution and consumption of digital banking services  Leading the way for other financial institutions to adopt technology
  • 13. Bank BPH has 1,800 units Poland Barclays Bank, Corporate Customers UK Is Bank has 3,400 units implemented Turkey STAR Tasmania has implemented in 21 office locations Australia 80% ATMs and Bank Branches Japan Worldwide Implementation
  • 14. Challenges for adoption  Cost (hardware & integration)  Consumer acceptance (privacy and safety concerns, and hygiene issues)  Consumer confidence in the technology
  • 16. Reference List  Al Pascual, K. M., Sarah Miller. (2016). 2016 Identity Fraud: Fraud Hits an Inflection Point. Identity Fraud Study. Retrieved from https://www.javelinstrategy.com/printpdf/23431  Edgington, B. (2007). Your quest for the ideal biometric: is it in vain? Retrieved from http://www.hitachi.eu/veinid/documents/veinidwhitepaper.pdf  Harrell, E. (2015, Sep-2015). Victims of Identity Theft, 2014. Retrieved from http://www.bjs.gov/content/pub/pdf/vit14.pdf  Hitachi-Omron. (2016). Taiwan's CTBC Bank Adopts Finger Vein Authentication Solution for ATMs. On. Retrieved from: http://www.hitachi-omron- ts.com/news/201607-001.html  Hitachi. (2012). BANK BPH. Hitachi Digital Security Case Studies. Retrieved from http://digitalsecurity.hitachi.eu/case-studies/bank-bph/
  • 17. Reference List  Hitachi (2014). Finger Vein Authentication Technology for Smooth and Accurate Walkthrough-style Personal Verification. On: Hitachi America. Retrieved from: http://www.hitachi.com/New/cnews/month/2014/12/141208a.pdf  Hitachi. (2014). Planet Cash: Europe’s first biometric ATM shared network launched in Poland. Retrieved from http://www.hitachi.eu/sites/default/files/fields/document/press- release/press_release_hitachi_itc_14_may_2014_final_r.pdf  Hitachi. (2015). STAR Tasmania. Retrieved from Vein ID: Hitachi in Oceania website: http://www.hitachi.com.au/documents/casestudy/cs-startas.pdf  Hitachi. (2006). Finger Vein Authentication: White Paper. Retrieved from http://www.hitachi- america.us/supportingdocs/services/smart_solutions/Finger_Vein_Authentication_ White_Paper.pdf
  • 18. Reference List  Hitachi, Ltd. (2015) VeinID: Finger Vein Authentication Technology. Retrieved from http://www.hitachi.eu/veinid/documents/hitachi_vein_16pp.v6.pdf  Hitachi, E. (2012) BANK BPH. Hitachi Digital Security Case Studies. Retrieved from http://digitalsecurity.hitachi.eu/case-studies/bank-bph/  Hitachi, E. (2012) Finger Vein Technology with Bank BPH. Hitachi Digital Security Case Studies. Retrieved from http://www.hitachi.eu/en/case- studies/finger-vein-technology-bank-bph-poland  Institute, B. (2012). Biometrics Technology and Standards Overview. Retrieved from http://www.biometrics.gov/documents/biotechstandard.pdf  https://youtu.be/OKlwlpT5EUY
  • 19. Appendix USB Finger Vein Reader ATM Finger Vein Reader Physical Access Reader Embedded Reader