Industry News

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.

Relevant Reports

Saudi Arabia Telecom ICT Infrastructure Market By Component (Hardware, Software, Services), By Deployment Mode (On-Premises v/s Cloud), By Network Type (Wireless v/s Fixed), By End User (Telecom Service Providers, Government, Enterprises, Others), By Region, Competition Forecast & Opportunities,

ICT | Jul, 2021

Increasing volume of online transactions & mobile devices and rising adoption of cloud technologies to drive the Saudi Arabia Telecom ICT Infrastructure Market during the forecast period.

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