Biometric Security to be Key Focus of HSBC’s New Tech Advisory Board

HSBC has announced a new Technology Advisory Board, and the exploration of biometric security is a key component of its mandate.

The bank says that its new group will meet on a quarterly basis to offer guidance with respect to technology issues. It will focus on three key areas in particular: Disruption and the opportunities it offers; large-scale infrastructure; and digital security with respect to “[b]est practice in using biometrics for secure access to data and systems” and “developments in digital identity”, according to a statement from the bank.

HSBC has demonstrated a strong interest in biometric security already, having recently announced a mobile system that lets business customers open new accounts by authenticating with a selfie. The bank also participated in a biometrics discussion panel moderated by FindBiometrics President Peter O’Neill at last year’s Money20/20 Europe conference.

The new advisory board’s members include Token CEO Steve Kirsch, Ripple Executive Chairman Chris Larsen, Spark Capital partner Megan Quinn, eBay Chief Scientist Dr. Kira Radinsky, e-commerce expert Haoyu Shen, Infosys CEO Dr. Vishal Sikka, Ayasdi CEO Dr. Gurjeet Singh, and Mickey Boodaei, CEO of Transmit Security, which recently launched an authentication platform supporting multiple biometric modalities.

–

January 17, 2017 – by Alex Perala

Sponsored Links

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases.

Learn more: www.tech5.ai

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with, and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. https://www.prove.com/

Footer

Follow Us