biometric authentication in banking
TRANSCRIPT
ICT Enabled Innovation~ Finger Vein Authentication Technology in Banking ~
Agenda
Unexpected and new knowledge
05SOURCE OF INNOVATION
Breakthrough Product Innovation
04TYPE OF INNOVATION
Near-infrared light (LED), CCD camera, pattern compression and digitization, pattern-matching algorithm
02TECHNOLOGIES USED
Finger Vein Authentication Technology in Banking & Finance sector addressing identity thefts
01CONTEXT OF INNOVATION
High accuracy, speed, secure, small, non-traceable, user-friendly
03BUSINESS/SOCIAL VALUE
06RESULTS OF INNOVATION
Card less transaction, increased customer confidence, reduced identity theft
Context of the innovation
Case organisation: BPH
bank, Poland
Implementation of
finger vein
authentication
technology for personal
identification in banking
& finance sector
Background
Cybercrime, especially
financial crime on the rise
Financial crime frequently
committed over Internet
targeted against financial
institutions
Identity fraud is the top
category of financial crime
Majority identity fraud are
bank card and financial
account related
Background
Implications of bank card identity
fraud are:
Financial loss for individual and
financial institutions
Diminished trust & customer
confidence in financial institutions
Fraud victims deterrent to
consume digital banking services
Technologies Used
Near infrared light
generated by light
emitting diodes (LED)
Charge coupled
device (CCD)
camera
Image processing
of finger vein
pattern from
camera
Pattern
compression and
digitisation
Pattern-matching
algorithm
How Finger Vein Technology Works
Business value of the innovation
High accuracy authentication
Fast authentication speed
Highly secure
Small
Non traceable
User-friendly
Comparative Analysis with other Biometrics
Breakthrough Product Innovation
Type of innovation
Unexpected
New Knowledge
Source of innovation
Results of the innovation
Card less transaction (self-service ATMs, branch and online
transaction)
No necessity to change password or PIN let alone remember
them
Drastically reduced identity thefts
Increased customer confidence in banking and finance
institution and consumption of digital banking services
Leading the way for other financial institutions to adopt
technology
Bank BPH has 1,800 units
Poland
Barclays Bank, Corporate Customers
UK
Is Bank has 3,400 units implemented
Turkey
STAR Tasmania has implemented in 21 office locations
Australia
80% ATMs and Bank Branches
Japan
Worldwide Implementation
Challenges for adoption
Cost (hardware & integration)
Consumer acceptance (privacy and safety concerns, and hygiene
issues)
Consumer confidence in the technology
THANK YOU
Reference List Al Pascual, K. M., Sarah Miller. (2016). 2016 Identity Fraud: Fraud Hits an
Inflection Point. Identity Fraud Study. Retrieved from
https://www.javelinstrategy.com/printpdf/23431
Edgington, B. (2007). Your quest for the ideal biometric: is it in vain? Retrieved
from http://www.hitachi.eu/veinid/documents/veinidwhitepaper.pdf
Harrell, E. (2015, Sep-2015). Victims of Identity Theft, 2014. Retrieved from
http://www.bjs.gov/content/pub/pdf/vit14.pdf
Hitachi-Omron. (2016). Taiwan's CTBC Bank Adopts Finger Vein Authentication
Solution for ATMs. On. Retrieved from: http://www.hitachi-omron-
ts.com/news/201607-001.html
Hitachi. (2012). BANK BPH. Hitachi Digital Security Case Studies. Retrieved from
http://digitalsecurity.hitachi.eu/case-studies/bank-bph/
Reference List Hitachi (2014). Finger Vein Authentication Technology for Smooth and Accurate
Walkthrough-style Personal Verification. On: Hitachi America. Retrieved from:
http://www.hitachi.com/New/cnews/month/2014/12/141208a.pdf
Hitachi. (2014). Planet Cash: Europe’s first biometric ATM shared network launched
in Poland. Retrieved from
http://www.hitachi.eu/sites/default/files/fields/document/press-
release/press_release_hitachi_itc_14_may_2014_final_r.pdf
Hitachi. (2015). STAR Tasmania. Retrieved from Vein ID: Hitachi in Oceania website:
http://www.hitachi.com.au/documents/casestudy/cs-startas.pdf
Hitachi. (2006). Finger Vein Authentication: White Paper. Retrieved from
http://www.hitachi-
america.us/supportingdocs/services/smart_solutions/Finger_Vein_Authentication_
White_Paper.pdf
Reference List Hitachi, Ltd. (2015) VeinID: Finger Vein Authentication Technology. Retrieved
from http://www.hitachi.eu/veinid/documents/hitachi_vein_16pp.v6.pdf
Hitachi, E. (2012) BANK BPH. Hitachi Digital Security Case Studies. Retrieved
from http://digitalsecurity.hitachi.eu/case-studies/bank-bph/
Hitachi, E. (2012) Finger Vein Technology with Bank BPH. Hitachi Digital
Security Case Studies. Retrieved from http://www.hitachi.eu/en/case-
studies/finger-vein-technology-bank-bph-poland
Institute, B. (2012). Biometrics Technology and Standards Overview. Retrieved
from http://www.biometrics.gov/documents/biotechstandard.pdf
https://youtu.be/OKlwlpT5EUY
Appendix
USB Finger Vein Reader
ATM Finger Vein Reader
Physical Access Reader
Embedded Reader