Money20/20: Finance is the Front Line For Biometric Innovation

Money20/20: Finance is the Front Line For Biometric Innovation

Monday morning at Money20/20 in Las Vegas, FindBiometrics president Peter O’Neill took to the stage with an expert panel for the session, Biometric FinTech in the Real World.

Beginning with a few quick polls to emphasize just how prolific biometrics have become in everyday life – the vast majority of the audience had biometric smartphone on them – O’Neill outlined the current dynamic financial biometrics market landscape, touching on the major milestones of past years that brought the industry to this explosive juncture, and the recent fiascoes, like the Equifax breach, that prove there is still progress to be made.

“We are on the verge of another period of accelerated innovation in biometric technology, and once again finance is the front line of disruption, invention, and deployment,” said O’Neill before introducing his panel of authentication experts.

The sentiments echoed the recent comments made in the Money20/20 FindBiometrics premier partnership announcement at the top of the conference. And indeed, the evidence is laid out all over Las Vegas this week. Already, major integrations and partnerships have made headlines, and biometric authentication is being referenced in sessions and keynotes throughout the conference.

The panel discussion – consisting of: David Pollington, Head of Services, GSMA; Rob Douglas, CEO BioConnect; Conor White, President, Americas, Daon; and Toby Rush, CEO, EyeVerify – commenced, with talk of authentication paradigms, privacy, and industry challenges, all firmly grounded in the world of real deployments and technology.

The FindBiometrics Money20/20 panelists (left to right): David Pollington, Head of Services, GSMA; Rob Douglas, CEO BioConnect; Peter ONeill, President, FindBiometrics; Conor White, President, Americas, Daon; Toby Rush, CEO, EyeVerify.

 

In an interview after the panel, Conor White, President, Americas, Daon, highlighted what he saw as a major takeaway from the discussion. “It’s no-longer about the science of biometrics, it’s about the user experience, and the bottom line ROI impact that a business has by using something like biometrics to authenticate people,” he said.

The conversation of biometrics at Money20/20 will continue after the conference in the webinar: The Evolution of Biometrics and Money, which will feature the latest research form Acuity Market Intelligence, a post-mortem on Money20/20 Las Vegas, and an expert panel discussion. Registration is free and open.