The author of this article is Bahaa Abdul Hadi. As an Identity Management expert, Bahaa Abdul Hadi always shares his experience on various platforms.
We’ve been experiencing the comfort of ATMs for more than four decades now. The first Automatic teller machine made its debut in New York City on September 2, 1969.
ATMs have been upgraded with numerous features over the decades. When you visit an ATM, you can do almost everything through it without having to visit the bank. In the future, this experience is only going to get better with the help of biometrics.
As of now, most ATMs recognise and authenticate users with the help of their card and a personalised PIN. Although with the overuse of this method banks have become extremely vulnerable to fraud and theft. The users are even more at risk online.
Banks and financial institutions are always looking for better ways to upgrade their security and make banking easy. Biometrics is the latest upgrade in ATMs all over the world.
Ways biometrics can help improve the ATM experience:
- Fingerprints and Facial recognition
- Vein pattern scans
- Additional layers of security
- Multi-factor authentication
- Easy identification of fraud
- Non-intrusive customer experience
- On-spot new account registration
- Cardless experience
- No fear of losing passwords
- Removal of unnecessary checkpoints
- User biometric data user available in one place
- Round-the-clock service
- Time efficient and effective
In today’s time, with banking being a hectic and crowded affair, it has become essential to elevate the experience of the users. There is a need everywhere to make banking more accessible, secure and user-friendly.
It is widely reported that systems have become extremely vulnerable to rising crime online. The number of ways in which financial frauds are happening is increasing by the day. It has also become impossible for a normal person to remember so many passwords for everything.
Skimmers and criminals have cracked the code to cheat people within our current security systems. The victim numbers keep growing each year online, with officials unable to catch the perpetrators due to the lack of information.
Biometrics is a brilliant way to combat this as it’s very hard to replicate fingerprints or any biometric data for that matter. It promises seamless and safe ways to make that possible. It is well-equipped to keep customers safe from all sorts of monetary thefts, around the clock.
The gradual incorporation of biometrics has begun in every nation. With features like microchip-embedded credit cards and multi-factor authentication on your banking app, banking will increasingly get more secure and less stressful.
The article has been published by the editorial board of the Identity Herald and authored by Bahaa Abdul Hadi. For more information please visit www.identityherald.com.
