For thousands of years, biometrics technology has already existed. It went through as methods of classification to becoming identity authenticators. At present, biometrics tech has developed as a research field since the 1990s.
The biometric serves as a replacement for physical identification and citizen’s identity proof. Fingerprint-based identity documents allow governments and business institutions to create a safe environment for people and consumers to access welfare services.
Yet, before reaching its prominence right now, the biometrics system evolved through time. Learn more about its history by reading this article.
Before banks adopted digital signature authentication to improve their efficiency and productivity in serving clients, semi-automated facial recognition was the early version of password-less transactions in the 1960s. The said technology is more manual as it needs to analyze facial features to extract usable feature points.
Under the Federal Bureau of Investigation (FBI) funding, fingerprint and facial recognition prospered and became the catalyst for developing biometric capture and data extraction with more sophisticated sensors.
If you’re familiar with or benefits from the voice command and recognition systems, you should credit the National Institute of Standards and Technology (NIST) efforts in the 1980s. Well, they’re the ones the developed a speech group to study voice recognition.
Iris recognition has gained popularity since its conception in 1985. It got its patent by 1994. The biometric technology uses the blood vessels patterns in our eyes for authentication, which is unique for everyone.
Real-time recognition became possible with the advent of facial detection technology in 1991. Despite that its processes have lots of faults, it still rose to the interest of many.
Hundreds of biometrics became available for commercial products and large-scale events and are no longer limited to corporations and the government.
The digital signature is among the rising transformations in the modern banking industry as banks shift from traditional to digital. Technologies help businesses improve their efficiency and productivity, which is why executives and leaders invest in cutting-edge tech.
E-signatures simplify the process in financial institutions. It accelerates processes like withdrawal and opening accounts that require signatories. As a bank owner, you wouldn’t want your consumers to get tired of waiting in lines for those signs. Aside from that, adopting digital signature tech is saves cost and time-saving.
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