Qatar Bank Introduces Finger Vein ATM Authentication Technology
QATAR: The Commercial Bank in Qatar is the
first to introduce biometric vein ATM authentication technology. This
technology would help, Commercial Bank, to accelerate ATM transaction by
providing more security to ATM, faster transaction & making an exceptional
experience for the customer. NCR Corporation, in agreement with Commercial
bank, would be coming up with many more innovative solutions in future to
provide better user friendly experience to customer.
The finger vein biometric authentication
technology uses pattern recognition techniques based on images of human finger
vein patterns underneath the skin surface to identify & verify the
individual identity.
NCR Corporation, global leader in consumer
transaction technology, is working with Commercial bank to bring innovative software’s
& omni-channel technology to transform their banking channel.
TechSci Research depicts that the rising
demand for biometrics in ATM authentication technology would play a vital role
in authentication & security of transaction. It would further enable the
faster transaction & improving customer banking experience. Finger-vein
technology is the first -to -market innovation to give customer easy &
secure access to ATM machines.
According to the recent report published
by TechSci Research, “Global
Biometrics Market By Type (Fingerprint Recognition,
Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition,
Vein Scanner & Others), By End Use Sector, By Region, Competition Forecast
and Opportunities, 2011 – 2021”
the global biometrics market is projected to cross USD24.8 billion by 2021.
Fingerprint recognition biometric systems are the most preferred type of
biometric systems used across the globe, owing to their ease of use, low cost,
high speed and accurate results. However, in terms of growth, vein scanner
biometrics systems segment is anticipated to outpace fingerprint recognition
biometrics systems over the next five years.