Overcoming mobile biometric challenges: MasterCard and Oxford University team up on a new research
Smartphone global sales are expected to reach $400 billion next year, while people have increasing access to tools that make mobile biometrics possible.
These facts banks use as a business opportunity, but the research conducted by Mastercard and Oxford University showed that only 36% managers in the banking industry feel like they have adequate level of knowledge to implement biometric technology. Mastercard and the University of Oxford have therefore developed a guide "Mobile Biometrics in Financial Services - A Five Factor Framework" that provides guidance for banking community to better understand and successfully implement mobile biometrics. The focus of the guide is on the effect, use, interoperability, security and privacy of the payment.