Mobility Matters: Biometrics Rising
Talk about seeing the collision before it happens. A big bang is shaping up inside financial institutions where on one side are skeptics about biometrics used in lieu of passwords – be it voice or eye print or fingerprint – and on the other side are increasing numbers of senior executives as well as plain customers who frankly despair about how unreliable, indeed broken, the old fashioned username/password has become.
Many experts say the username/password login dates back 50 years, to the early days of mainframe computers.
Cellular networks also keep getting better and smartphones are making substantial progress in canceling out extraneous noises (sounds of traffic, wind, or maybe just the din in a bustling coffee shop).
The main hurdle: “People don’t like the enrollment process,” admitted Borenstein.