Financial Institutions
Financial institutions face some of the most pressing security challenges with the wealth and assets of account holders under their care. With 84% of bank fraud committed by in-house staff and nearly 40% of help desk calls related to forgotten passwords, it is no wonder that financial institutions are looking to biometric technology for increased security and convenience. Biometric identification systems are fast becoming a standard with financial institutions as they facilitate the protection for employees and customers alike. In turn, these identification systems are giving financial institutions a competitive advantage as customers continue to seek greater protection against fraud and identify theft.
LES-enabled biometric solutions allow banks to provide both security and convenience to its customers. The large, curved fingerprint surface provides an intuitive user interface, larger template for image generation, while reducing distortion that results from flat optical and silicon sensors. LES-enabled sensors are both highly-durable – guaranteed up to a million touches; and exceptionally-secure – only registering an image when moving electrons in a finger are detected, making it immune to spoofing techniques.
Financial institutions are using LES-based biometric solutions to control access to bank accounts and improve customer service through eliminating the need for account numbers and passwords. LES-enabled biometric solutions allow banks to strike the balance between security to confidential information and superb, convenient customer service.
