The European Association for Biometrics (EAB) is organising a virtual conference on the role of biometrics in securing ID transactions in the banking sector.
The event will be centred on policy, standard and technologies around three pillars:
– Digital identity and biometrics in the banking world: The policy landscape
– The biometrics technology challenges of the digital identity verification
– Future challenges
Speakers include experts from the European Commission (DG FISMA), ENISA, the French cybersecurity agency (ANSSI), data protection authorities and the President of Eurosmart, Alban Feraud. In a nutshell, they will try to answer the following question: how can we harmonise and develop an ecosystem for secure biometric ID transactions? Speakers will discuss ID banking security, certification, standards, and related biometric solution providers.
Details on speakers, panellists and topics at: https://eab.org/events/program/249
The European banking ecosystem is a hyper-regulated market. EU laws encompass accounting policy, risk credit, Anti-Money Laundering (AML) and counter-terrorism. In this respect, all main banks’ activities are impacted by EU regulations. At the same time, the banking sector is being digitalised at a fast pace. Historically, this digitalisation started with the use of electronic money (first in the USA in the 70’s and secured by EU chip cards at the beginning of the 90’s). Nowadays, there is a trend toward targeting new online services. Consumers now expect most of the banking services to be accessible online, from the opening of a bank account to loans and financial transfers. With new market entrants composed by neobanks and fintech, this digitalisation has been accelerated.
Biometrics are increasingly used to comply with EU policies while facilitating digitalisation. This is particularly the case for:
– Purely online onboarding or enrolment to a new account – covered by the AML regulation also known as “Know Your Customer”;
– Secure electronic authentication to your online bank account – covered by the PSDII directive;
– Secure electronic signature when subscribing to online services – covered by the eIDAS regulation;
– Secure contactless physical payments.
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