--%>

Biometrics in banking operations

Biometrics is one kind of technology that can be used to control these kinds of fraudulent practices. May be it is the system which cannot completely stop the practices but yes at least it is the way which can reduce it to the barest minimum. The conventional methods for the security are not so strong that they can do the identification of the person; these systems will not be able to identify the person if he creates a duplicate identity for himself and goes into the bank for some fraud.  But with the help of biometrics it can be reduced a lot. Biometric authentication is the method which validates the identity of the user who wants to log into the system by measuring some intrinsic characteristics of that user. This is a method which uses finger prints, voice prints or the typing patterns. It is the method which is based on some unique characteristics of the user. In other word it is the automatic identification of living individuals with the help of their physiological and behavioral characteristics. This method can easily identify the negative identification. The pin number or the some code is being reissued by the bank system but the biometric identification is never reissued.

   Related Questions in Finance Basics

  • Q : Describe present value of the firms

    Describe the term "present value of the firm's operations" (also known as Enterprise Value). What does this number expose? The current value of the company's free cash flows reveals the market value of the firm's core income generating operatio

  • Q : How are financial trades made on a

    How are financial trades made on a planned exchange?Each of exchange listed security is traded at a particulate location on the trading floor called the post. The trading is supervised through specialists who act either as brokers (bringing toge

  • Q : Disadvantages of the Finger print

    Disadvantages of the Finger print technique: Health concerns while touching the sensor which is being touched by many number of individuals. Sometimes due to age and occupation may cause some diff

  • Q : Describe factors affecting minimum cash

    Describe the factors affecting the option of a minimum cash balance amount. The minimum cash balance amount is find out by how easy it is to increase funds when needed, how predictable the cash flows are, and how risk averse managers are.

  • Q : Label equilibrium price P-equilibrium

    Normal 0 false false

  • Q : Describe benefits of collecting early

    Describe benefits of "collecting early" and how do companies effort to do this? Money contains time value. The sooner cash is gathered, the better. Companies employ regional collection centres and lock boxes to facilitate this.

  • Q : Describe Form 9 Form 9 : It is the

    Form 9: It is the request by department for space planning services (example, new or extra space lease extensions, or renewals in non-institutional) and also evaluated by the Department of Finance.

  • Q : State Section 8.50 Section 8.50 : The

    Section 8.50: The Control Section of Budget Act gives the authority to raise federal funds expenses authority.

  • Q : What is Fed prime goal in setting

    Normal 0 false false

  • Q : Impact on India on Global Economic

    Explain the impact on India on Global Economic crisis ?