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The Application of Facial Recognition Technology in the Financial Services Industry

The Application of Facial Recognition Technology in the Financial Services Industry

Market Briefing
Published: September 2017
Pages: 26
Research from: Market Intelligence and Consulting Institute (MIC)
Sector: Handsets & Devices

From: GBP 1385.00
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The main service areas in the financial services industry cover mainly financial transactions and financial management. It requires strict security for the transactions conducted by both service providers and their clients. Hence, there is an evident demand for stricter identification verification. In recent years, more and more financial services providers have incorporated biometric authentication technologies into their financial services, including vein recognition, fingerprint recognition, iris recognition, and facial recognition. Particularly, there is a growing trend in the number of applications using facial recognition. This report probes into several cases of facial recognition technology in the financial services industry, and examines future prospects of the industry.

 

 

List of Topics

Development of facial recognition technology and includes application cases such as MasterCard, China's Bank of Jiangsu, Japan's Daiwa Securities Group, Ping An of China, US HSBC, and Japan's Mizuho Bank

Analysis of the application of facial recognition, touching on how facial recognition has been employed in Chinese and Japanese financial services industry

Development and future prospects of other biometric recognition methods such as vein, iris, fingerprint, and voiceprint, as well as attribute analysis

Outlook for financial recognition in the financial services industry, touching on relevant policy in Asia Pacific region such as China, Korea, and Taiwan

 

List of Companies

Alibaba Group

 Alipay cloud

 AndPay

 Ant Financial Services Group

 Bank of Jiangsu

 Bank of Okinawa

 BC Card

 Blackberry

 China CITI

 China Merchants Bank

Daiwa Securities Group

 Financial Supervisory Commission R.O.C.

 Fujitsu

 Google

 Hiroshima Bank

 Hitachi

 HP

 HSBC

 Huishang Bank

 Industrial Bank of Korea

 Lakala Payment Co.

 Ltd

 MasterCard International

 Mizuho Bank

 Mizuho Bank

 NEC

 People’s Bank of China

 Ping An Insurance (Group) Company of China

 Ltd.

 Ping An Puhui

 Qian Hai Zheng Xin

 Rong 360

 SAMOYED

 Samsung

 Smile of the United Kingdom

 Sumitomo Mitsui Banking Corporation

 Taikang Life Insurance

 WeBank

 YuanBaoPu

 ZT

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