Navigation Links
Research and Markets - HSBC Announces Biometrics Banking Amid Strong Global Market Growth
Date:2/19/2016

DUBLIN, February 19, 2016 /PRNewswire/ --

The global biometric monitoring systems market is to grow at a CAGR of 26.71% over the 2014-2019 period, according to a recent report available from Research and Markets. The report accredits this high growth with the increasing adoption of biometric systems within a large number of industries including law enforcement, hospitals and financial institutions. This predicted growth was backed up today with news of British multinational banking and financial services company HSBC's intentions to offer biometric banking services to up to 15 million customers.

     (Photo: http://photos.prnewswire.com/prnh/20130307/600769 )

HSBC's internet banking customers in the UK will be able to use voice recognition and touch security services to access accounts. The voice biometrics technology will be supplied by Nuance Communications, while Touch ID is providing fingerprint biometrics technology. 

The global biometrics systems for finance market is expected to be worth USD 2.2 billion by 2024, as stated in an industry report. This technology is proving invaluable to the finance market, offering customers and institutions a greater level of protection over passwords or security questions.  

Fingerprint and voice recognition are by far the most common systems used today, but emerging technologies such as DNA analysis and keystroke recognitions are expected to become prevalent due to the even greater level of security provided. Indeed, another industry report estimates the global emerging biometric technologies market to grow at a CAGR of 13.37% by 2019, suggesting heavy investment in new technology.

For further information on this topic, and a full list of all related documentation, please visit the Biometrics section at http://www.researchandmarkets.com/rm/LQIK.
Source: http://www.bbc.com/news/business-35609833

About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716


'/>"/>
SOURCE Research and Markets
Copyright©2016 PR Newswire.
All rights reserved


Related biology news :

1. Hoyos Labs Joins National Research Program to Inform Creation of Contactless Fingerprint Technologies for Federal Agencies
2. Touchfree Intuitive Gesture Control Market to Grow at 23% through 2020: TechSci Research Study
3. Biometric Sensors Market to Account for US$1,625.8 mn in Revenue by 2023: Transparency Market Research
4. Global Gesture Recognition Market to Log 20.3% CAGR to Exceed US$29 bn by 2021: Transparency Market Research
5. Home Security Solutions Will Create US$30.3 bn Global Opportunity by 2022: Transparency Market Research
6. Biometrics Market ($44Bn by 2021), Emerging Biometric Technologies Growth (13.37% CAGR to 2019) Forecast in New Research Reports
7. Image Sensors Market Size to Reach $12.03 Billion By 2020: Grand View Research, Inc.
8. ENGINEERING.com and TREW Marketing Release New Research on Engineers Online Behavior
9. Biometrics Technology Market is Expected to Reach $13.8 Billion by 2015: Hexa Research Inc.
10. India Biometrics Market to Grow at Over 35% Through 2020, Says TechSci Research
11. Facial Recognition Market Expected to Reach US$ 2.67 Bn by 2022, at a CAGR of 9.5% From 2015 - 2022: Transparency Market Research
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/5/2018)... ... 04, 2018 , ... Slone Partners, North America’s leading executive ... Mercer at Karius, Inc. as Chief Commercial Officer. Now responsible for developing, executing, ... headquarters in Redwood City, California and report to CEO Mickey Kertesz Ph.D. ...
(Date:12/5/2018)... ... 04, 2018 , ... Biolytic Lab Performance Inc. is proud ... on Biolytic’s Molecule Synthesis Platform. , Now restructured with all the same ... fastest in oligonucleotide synthesis, the 192c incorporates a multitude of enhancements to new ...
(Date:11/29/2018)... ... November 29, 2018 , ... Tosoh Bioscience ... intention of acquiring full ownership. The transaction was approved by the Board of ... 14, 2018. “We are extremely pleased to team up with Tosoh Bioscience to ...
Breaking Biology News(10 mins):
(Date:11/28/2018)... ... November 28, 2018 , ... Earlier this month, Lajollacooks4u's Founder and Chef ... experience the height of truffle season. , Her first stop was Umbria, ... in the exclusive Black Truffle Lodge in the small mountain village of Pettino, Chef ...
(Date:11/20/2018)... Columbia (PRWEB) , ... November 19, 2018 , ... ... is pleased to announce the release of the Chinese translation of Best Practices: ... January 2018, is a practice-changing publication aimed at advancing the science of biobanking ...
(Date:11/20/2018)... N.C. (PRWEB) , ... November 20, 2018 , ... Dr. ... treatment consultation for gingivitis at their office in Cornelius, NC. This common infection, left ... 40 years in practice, along with special training and certification in laser dentistry, Drs. ...
(Date:11/13/2018)... (PRWEB) , ... November 12, 2018 , ... ... to reduce stethoscope contamination that two large U.S. studies, published last week, confirm ... the American Journal of Infection Control (AJIC) conclude that stethoscopes are often improperly ...
Breaking Biology Technology: