Facial Recognition Authentication: Is It Good Enough to Fight Financial Fraud?
Fintech News SG
More than 2800 branches were closed in the UK between 2015 and the end of 2018, and a similar trajectory can be seen across the globe. This trend is driving traditional banks to switch to expand their businesses digital channels, thanks to changing customer demands, and to answer the growing threat from disruptive challenger banks.
With a more collaborative and open ecosystem brewing within the finance industry, concerns of security have risen in equal fervour.
In their mad dash towards digitisation, financial institutions today seem to have two opposing forces demanding equal attention when it comes to security.