As global financial entities become more digitally-based, banks are piloting new technologies to improve customer and employee identity management in an effort to combat fraud, increase transaction security, and enhance customer convenience. One cutting edge technology increasingly used at many of the world’s top financial institutions is biometrics. In today’s post, we have identified the factors that drive demand for biometrics and the impact it’s generating, especially in the context of identity management in the banking sector. Continue reading →
The days are gone when managers kept manual journals of employee time and attendance to calculate hours worked. These antiquated ways of measuring employee time and attendance do not have the ability to efficiently prevent buddy punching or time theft. Therefore, more companies are looking for a better solution to measure employee working hours and discovering that a biometric time clock offers a more secure alternative to manual timesheets.
A biometric time and attendance system is the automated method of recognizing an employee based on a physiological or behavioral characteristic. The most common biometric features used for employee identification are faces, fingerprints, finger veins, palm veins, irises, and voice patterns. When an employee attempts identification by their biological traits, a biometric hardware device compares the new scan to all available templates in order to find an exact match.
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Iris recognition and retinal scanning are both very reliable modalities for biometric identification. However, both possess different characteristics that have a strong impact on their performance based on the environment and deployment purpose. Both biometric modalities use contactless scanners, but there are notable differences between iris recognition and retinal scanning; one being that iris recognition is considered non-invasive, and retinal scanning as invasive because it beams visible light into the eyes during the scanning process.
These biometric identification technologies are often misunderstood and incorrectly assumed to be one in the same despite their distinct differences. In this post, we will discuss the differences between iris recognition and retinal scanning.
The following is a guest post submitted to M2SYS by Arup. Arup is Marketing Manager at OpenXcell Technolabs. He writes about Cloud Computing, Machine Learning, Analytics, Games and User Acquisition.
Although the market for Biometric systems is growing, widespread applicability of these systems still faces a lot of constraints. One of the lingering issues faced by biometrics is to achieve large-scale operational capabilities. In fact, this is stated as one of the key factors by the US government, who currently limits the adoption and penetration of biometric technology. This is where cloud computing can help biometrics a lot.
Massive adoption of biometrics can only be accomplished when it penetrates the small to medium enterprise (SME) industry sector. The problem is, while large companies with deep pockets can set up and manage their own biometrics infrastructure, SMEs cannot afford that luxury. They need something affordable based on economies of scale and a pay-as-you-go model. The cloud fits right into the groove.
The following post was written by Mehedi Hasan, Executive (SEO/ SEM/ PPC) Business Development & Interactive Marketing at M2SYS Technology
As each day passes, the use of biometric identification management technology is becoming more popular in the modern world. Governments, businesses, religious organizations, and many others seek more reliable ways to achieve accurate individual identification, and many predict that it won’t be too long before biometrics expands into many more touchpoints in our lives from unlocking your cell phone to performing financial transactions.
You may have even occasionally run across biometric related terms around the web. These terms are becoming more commonplace as the technology accelerates in growth and plays a larger role in our everyday lives. However, some of these biometric terms may be confusing so we assembled a list of the 25 most common terms along with their definitions to help advance your understanding of how the technology works. We hope it will help you to better understand the biometrics industry:
If you have identified employee accountability as an issue for your business, you may have already taken measures to find the source behind the problem. Most likely, you have looked into the effectiveness of your leadership, the clarity of your strategic direction, employee engagement, and the execution philosophy of the firm. You may have also studied your employee monitoring and review system. Chances are if you took this step then you probably studied what technology you are using to help keep the gears of the business machine operating. If you suddenly discovered that you are not using modern technology to safeguard your inventory and profits and more effectively track employee time and attendance with a biometric time clock, you may have uncovered a crack in the shell of your staff accountability platform.
Since the launch of biometric in iPhone, many of us believes that it has become a mainstream identification solution. Since then a lots of innovation has taken place to make this cutting edge technology even more secured and convenient. More and more devices and platforms have adopted the technology across multiple sectors, from access control to airport security. The penetration of biometric identification technology for both business and personal use is accelerating the push into our everyday life. Continue reading →
The following is a guest post submitted to M2SYS
What is biometric technology?
Biometrics is the use of behavioral and physical data obtained from a person and applied to a number of existing technologies for the purposes of both identification and access control.
Once the preserve of science-fiction fans, we now live in a world where the use of biometrics is commonplace. Smartphones use fingerprint technology for secure access, and iris scanning is now the main point of entry at passport border control in airports across the world. Continue reading →
The following is a guest post submitted to M2SYS by Pranjal Mehta, Sr. Digital Marketing Engineer, with Big Market Research.
Weakening any risk of security breach or safeguarding critical data happens to be one of several concerns that needs to be tackled with creative technological methods. Thus, biometric verification is one such solution to authentication problem. Due to tremendous innovation, in this space new entrants are emerging to offer more secure and easy verification process to customers. Research analysts at “Big Market Research” assessing the growth rate, share and size and trends outline that government bodies and different industries are planning on implementing mobile biometric, which will speed up the authentication process. The industry is likely to undergo significant change over the next five to six years owing to certain trends. Continue reading →
Many governments have proactively implemented automated fingerprint (biometric) identification systems (AFIS /ABIS), or Biometric AFIS solutions for short, to more accurately identify citizens and other individuals crossing their borders. In contrast to traditional non-biometric identification technologies, the implementation of biometric technology is successfully closing many security loopholes in the identification and authentication of citizens and travelers. Continue reading →