Biometric Indutry 2015 Global Share and Size, Trends and Price, Budiness Overview and Forecast

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Biometric Industry 2015 Market Share, Size, Industry

Profile, Market Prize, Forecast and Overview

Biometrics was introduced in the latter half of the twentieth century, with the emergence of computers.

It is based on the behavioural and physiological characteristics of an individual that are difficult to

replicate. Biometric technologies include voice recognition, palm geometry recognition, DNA

identification, gait recognition, fingerprint matching, facial recognition, iris recognition, signature

verification, and vein recognition. Also, biometric technologies are considered to be more reliable

compared to physical devices and numeric codes. In addition, biometric traits cannot be lost or

forgotten by an individual.

Biometrics use verification and identification to authenticate an individual. Verification is a one-on-one

process that matches the biometric traits of an individual against a particular template. However,

identification is a process where the biometrics traits of an individual are matched against all templates

in the database.

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Several banks and financial institutions in the Middle East have integrated biometric technologies, such

as voice controlled mobile applications, fingerprint identification, and retina recognition to allow their

customers access to online accounts through mobile applications.

Many industry verticals have adopted biometrics in the Middle East because of increasing security and

authentication concerns in the region. Some of the examples are listed below:

 Isbank, Turkey's largest commercial bank, has deployed finger vein biometric recognition at

ATMs. The bank has installed nearly 3,400 finger vein scanners in 2,400 ATMs across 1,000

branches in the country...