According to incomplete statistics, many banks have applied for patents related to multi-modal biometric technology. Although some patents have been rejected or withdrawn, it can still reflect the bank's exploration of multi-modal biometric technology.
The biometric bank
patent provides a transfer method based on double recognition of face and voice. Including: the client of the first user obtains the biometric data of the second user and sends it to the server, so that the server can determine the identity information of the second user based on the biometric data; the client of the first user receives and displays the information returned by the server The account information of the second user; the client of the first user receives the identification field and the transfer amount input by the first user, and the biometric banking industry identification field is sent from the server to the second client, and the second user informs the first user ; The client of the first user receives and responds to the confirmation instruction input by the first user, generates a transfer request according to the account information and transfer amount, and sends it to the server for transfer processing.
Biometric information belongs to personal privacy, and the state continues to strengthen supervision. The "Personal Information Protection Law" mentions that information such as biometrics is sensitive personal information. Once leaked or illegally used, it is easy to cause the personal dignity of natural persons to be violated or the personal and property safety to be endangered. When processing biometric information, personal information should be obtained. agreed separately. The "Data Security Law" mentions that the processing of biometric information of natural persons should have a specific purpose and sufficient necessity, and strict protection measures should be taken. The "Technical Specification for Safe Application of Mobile Finance Based on Voiceprint Recognition" issued by the central bank puts forward more specific requirements for the application of voiceprint recognition, and the "Technical Specification for Protection of Personal Financial Information" classifies biometric information into the most sensitive C3 category information.
Under the impact of the epidemic, the main position of banking and financial services has basically shifted to online. Improving each element in the comprehensive experience link has become the current key work of the bank customer center. With the rise of financial technology in recent years, the application of Internet of Things and biometric technology in the financial field has become more extensive. Creating a rich sensory experience is becoming a moat for banks' online service competitiveness.
At present, biometric banking has become one of the most important identification and security control methods for banks. When a customer handles important business through the bank counter/hand bank, it is usually based on face recognition technology to compare the customer's image captured on the spot and the ID card picture obtained from the public security department to verify the customer's real identity. After the biometric banking industry has gone through the relevant procedures, customers can also use fingerprints instead of passwords to log in to the bank or handle small-amount businesses (such as small-amount transfers/payments).
In May 2022, at the "5G+Smart Finance" forum of the 2022 World Telecommunication and Information Society Day Conference, Gao Feng, chief information officer of the China Banking Association and member of the CIC Financial Technology and Digital Economy Development Expert Committee, said that 5G is a new type of infrastructure construction. , has a great influence on AI, Internet of Things, cloud computing, including AR, VR and other technologies, and will play a role in optimization and even integration, thus creating a new growth point for the digital transformation of the financial industry.
After the rise of biometric technology in recent years, fingerprints, faces and irises have all become security verification methods for modern smartphones. Now biometric technology will further advance payment services. Banks, retailers, and consumers are all happy to see the results. Biometric payment will not only improve the consumer experience, but the biometric banking industry will make the payment process smoother. More importantly, consumers no longer need to sacrifice security for convenience.
As the country has more and more requirements for real-name system scenarios, and with the improvement of social security requirements and awareness, my country's identity verification is currently developing from the initial public security needs to all walks of life, including aviation, railways, Hotels, finance, campuses and hospitals, etc.
With the extension and expansion of biometric banking industry applications, the market size of biometric identity authentication will continue to increase. The data shows that the market size of my country's biometric identity authentication industry has grown from 2 billion yuan to 3.7 billion yuan in 2020.
According to market research institutions, by 2025, the market size of China's biometric technology industry will reach 93.05 billion yuan, with a compound annual growth rate of 18.5%. Judging from the current geographical layout of the identification technology industry, listed companies in the biometrics industry are mostly located in the eastern coastal areas. Among them, the listed enterprises of biometric technology and intelligent electronic identification equipment are mainly distributed in Guangdong, Jiangsu, Zhejiang, and Shanghai, and the number of enterprises distributed in Guangdong Province is large.