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Apr 18

Biometric Iris recognition Systems in Banks and Financial Sectors

  • Danny Thakkar
  • Archive

Iris recognition is a method of biometric authentication using pattern-recognition techniques which are based on high-resolution images of the iris of an individual’s eyes. Iris recognition systems efficiency is rarely impeded by glasses or contact lenses. Iris technology has the smallest outlier group of all biometric technologies. Also because of its speed of comparison, iris recognition is the only biometric technology that is well-suited for one-to-many identification. A key advantage of Iris scanning is its template longevity, or stability, as barring trauma, a single enrollment can last a lifetime. The use of Iris recognition system significantly increases security level of systems because it eliminates problems like lost, stolen or loaned ID cards, and forgotten or guessed PINs.

A biometric Iris scanner provides automatic identification of an individual based on a unique feature or characteristic possessed by the individual. Iris recognition is regarded as the most reliable and accurate biometric identification system available. Iris recognition systems are also considered the most secured ones in terms of confidential information, while older systems using the secret PIN number could be easily hacked, but this system which depends on scanning the eye Iris is more secure. Thus the impossibility of counterfeiting the eye’s iris in any way is very high.

Recently Jordan Commercial bank as an application to the strategic plan in utilizing the cutting edge technologies in banking and financial industry, and keeping up with the latest developments in the financial sector, and as a goal to develop customer service according to more secure standards, the bank recently launched the Iris Recognition/Iris scanning System in some of its branches to perform all financial transactions without the need to use the personal identification card for the customer.

Since banks involve a huge amount of data and a large number of footfalls, the data security becomes the highest priority. Also in such a case scenario where financial data is of key importance, securing the transaction records accessibility to authorized personnel or customer is of utmost priority. Iris recognition systems thus become the most reliable and the most secure security systems for banks.

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About The Author

Danny Thakkar is Senior Product Manager at Bayometric, one of the leading biometric solution providers in the world. He has helped large organizations like Pepsi, America Cares, Michigan State and many other medium and small businesses achieve their identity management needs. He has been in the Biometric Industry for 10+ years and has extensive experience across public and private sector verticals. Currently, he is chief evangelist for Touch N Go and blogs regularly at www.bayometric.com and www.touchngoid.com.

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