siliconindia | | November 20179nature of job, deemed unsuitable for manual labourers, we now have Iris Scanning. Utilizing the thin, donut like muscle of the eye, Iris offers richer patterns, higher entropy and is more secure and resilient as a form of biometrics scanning. Let's have a look at how business-es across different industry verticals are or may adopt these disruption in biometric scanning. Biometrics for Payments: In India, the wave of increasing digital adoption and affordability of smart-phones is going to usher in a number of first-time users; biometrics makes security rather convenient and easy to use. At the same time, yesteryear's demonetization drive and this year's GST regime has created solid grounds for users to adopt digital transactions. Hence, one of the chief applications of biometrics is going to be for ensur-ing secure online payments.In fact, across the globe, online payments have been identified as one of the pain points when it concerns security. As a consequence, we al-ready have a number of tech-giants vying to simplify online payments for their customers. MasterCard of-fers `Selfie' payment technology, en-abling online payments after verifica-tion via a selfie. Features like Iris Scanning in smartphone can be further used to ensure secured transaction, without putting the entire onus of creating `secured, unique, and un-hack-able' passwords on to the customers. Biometrics for Banking: In ad-dition to payments, biometrics can be used for a seamless banking ex-perience. Offering customers a better security than passwords that can be hacked or identity thefts, banks have a lot to benefit from adopting biomet-rics scanning. Dwelling in an age that is marked with rapid digitalization, banking customers are less motivat-ed than ever before to visit a bank branch. With biometrics, banks get to provide their customers with digital security and ease of banking. With a number of banks, FinTech players and NBFCs sprouting up off late, providing unrivalled customer ser-vices is a way for these payers to es-tablish their unique appeal; adopting biometrics is perhaps a step forward in the same direction. Affirming the rise of this trend is the report by Con-sultancy group, Google Intelligence, predicting that biometrics will be the predominant method for customers to identify themselves while accessing banking services by 2020. Biometrics is Coming to Auto-mobiles: As per Markets and Mar-kets, the biometric vehicle access system will grow at a 14.06 percent CAGR by 2021 to be worth $854.8 million. Biometrics authentication not only provides secured access to the vehicle, but when coupled with Internet of Things, can also predict any impending security concerns. Iris scanning & IoT can also be utilized to switch to self-driven or send alerts if the driver may snooze while driving.The next tech-disruption in auto-mobiles is going to be the advent of connected cars. In fact, as per the esti-mates released by Gartner, we should be expecting more than a quarter bil-lion connected automobiles on the road by 2020. This, along with the expected advent of self-driven cars creates immense opportunity for the adoption of Iris Scanning in cars. In a nutshell, businesses adopting biometrics is increasingly becoming a norm. Whether we consider the high-risk segments or the small busi-nesses, biometric adoption offers a number of key benefits, keeping the risk and costs to a bare minimum. Key decision-makers of businesses should opt for biometrics authenti-cation, in order to offer convenience to customers, whilst making the busi-nesses pro-actively secured. Key decision-makers of businesses should opt for biometrics authentication in order to offer convenience to customers, whilst making the businesses pro-actively securedSalil Prabhakar
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