Banking Driving Biometrics Market Away From CE, With Challenges Looming, Says ABI
The biometric market is shifting away from consumer electronics and toward banking technologies that appeal to millennials, but “significant challenges” loom, said an ABI report Wednesday. Startups and payment card players are integrating biometrics into mobile payment services, smart cards…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
and ATMs to improve banking security and authentication through innovative form factors, and the market shift is occurring faster than expected, said analyst Dimitrios Pavlakis. Global revenue for biometric banking technology is forecast to pass $4 billion by 2021, he said.