Mastercard and the Department of Computer Science at the University of Oxford have joined forces to explore mobile biometrics, and develop guidelines designed to help banks understand and successfully bring this fast-evolving technology to life. A comprehensive research report, “Mobile Biometrics in Financial Services: A Five Factor Framework,” is now available.
The Oxford/MasterCard study reveals fundamental knowledge gaps in the financial services industry; with 88% of business professionals expecting to be involved in making key decisions relating to implementing mobile biometrics, yet only 36% claiming to have adequate experience. An overwhelming 64% of technical professionals claim to have little or no experience. This appears to be one of the key inhibitors to action, since 92% of the industry is interested in deploying but only 13% have already done so.
To address these knowledge gaps, the Oxford/Mastercard research structures mobile biometric considerations into 5 key theme, against which Opus Research highlights some of the key ideas and implementation best practices gathered from industry bodies and academia.
Mobile biometrics in financial services – full report
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
