EUROPEAN FINANCIAL SERVICES PROVIDERS, BANKS EMBRACE BIOMETRIC AUTHENTICATION
In Europe, financial services companies and banks are embracing biometrics, actively partnering with tech vendors and software developers to improve digital onboarding experiences, strengthen compliance functions, and enhance fraud prevention. Biometric authentication techniques, which use a person’s unique biological characteristics such as their fingerprints, facial features and voice, to verify they are who they say they are, are fast becoming the go-to methods to verify one’s identity.