May 17, 2016

Iris-Scanning ATMs and the Future in Banking

Citigroup has partnered with Diebold, an ATM manufacturer, to test out cardless, eye-scanning ATMs. This technology has piqued the interest of major financial companies due to the proliferation of smart-phone use and the growing presence of biometrics, such as finger-print scanning. The Diebold Irving model allows customers to withdraw money by entering a desired withdrawal […]

April 25, 2016

Behavioral Biometrics Begin to Impact Financial Services

In 2014, the Center for Strategic and International Studies, a Washington D.C.-based think tank, estimated that cybercrime costs the global economy roughly $400 billion a year and affects more than 800 million people annually.[1] The financial services industry in particular is a major target for cybercriminals[2], and for obvious reasons – it’s where the money […]

September 17, 2014

Are Security Images Worth It?

Site-authentication or security images such as Sitekey can be found when encountering the login process for many financial websites. Out of all of e-Monitor firms, only five have security images in their login process. Recently, Sharebuilder and Raymond James removed their security image from the login process. According to a representative from Sharebuilder, “The security […]