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Global Biometrics for Banking and Financial Services Industry

  • February 2014
  • -
  • Global Industry Analysts
  • -
  • 130 pages

This report analyzes the worldwide markets for Biometrics for Banking and Financial Services in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2020. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 43 companies including many key and niche players such as -

3M
AllTrust Networks
Cross Match Technologies, Inc.
Cyber-SIGN, Inc.
Digital Persona, Inc.

Table Of Contents

Global Biometrics for Banking and Financial Services Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3
Biometrics for Banking and Financial Services I-3


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
Financial Fraud - An Ever Present Threat II-1
Major External and Internal Breaches in Financial Services Sector II-2
Table 1: Leading Targets of Fraud (2013): Percentage
Breakdown of Number of Breaches by Type of Asset (includes
corresponding Graph/Chart) II-2
Implementation of Information Security Policy - Industries
Ranked by Level of Implementation II-3
Top Security Initiatives by Sector II-3
Growing Instances of IT Security Breaches - A Major Cause of
Concern II-4
Table 2: Commonly Compromised Industries (2013): Percentage
Share Breakdown of Number of Data Breaches by Industry
(includes corresponding Graph/Chart) II-5

Table 3: Data Usually Targeted by Cyber Attackers (2013):
Percentage Breakdown by Type of Data (includes corresponding
Graph/Chart) II-5
Need to Sustain Customer Trust - A Business Case for Security
Solutions II-5
Vulnerabilities of Traditional Identification Methods Fuels
Adoption of New-Age Methods II-6
Biometrics Gradually Gains Traction in Financial Services and
Banking Industry II-6
Table 4: World Biometrics Market (2013): Percentage Share
Breakdown of Revenues by End-Use Sector (includes
corresponding Graph/Chart) II-8
World Biometrics Market (2007-2015): Analysis of Demand in
Commercial Sector by Application Areas - Enterprise
Security, Information Transactions and Financial
Transactions II-8
Table 5: Global Adoption of Biometrics in Financial Services
(2013): Percentage Share Breakdown by Technology (includes
corresponding Graph/Chart) II-9
Current and Future Analysis II-9
US: Need for Enhance Security to Spur Adoption of Biometrics II-9
Japan: Active Adopter of Biometric ATMs II-9
Asia-Pacific: The Linchpin for Growth II-10
India: Favorable Growth Opportunities II-10
Fingerprint Biometrics - A Widely Used Technology II-11
Silicon-based Fingerprint Sensors to Drive Gains in Non-AFIS
Market II-11
Table 6: Global Market for Non-AFIS Fingerprint Recognition
(2013): Percentage Share Breakdown of Revenues by End-Use
Sector (includes corresponding Graph/Chart) II-11

Table 7: World Market for Silicon-based Fingerprint Sensors
(2013): Percentage Share Breakdown of Dollar Sales by
Geographic Region/Country (includes corresponding
Graph/Chart) II-12
Voice Biometrics Adoption Continues to Grow in Financial
Services Industry II-12
Iris Biometrics Poised for Growth II-13
Facial Recognition Growing in Popularity II-14
Banks: Key End-Users of Biometrics II-15
Increasing Need for ATMs Worldwide: Opportunity for
Biometrics Technology II-15
Table 8: Worldwide Installed Base of ATMs (2010-2018) (In
‘000s) (includes corresponding Graph/Chart) II-16
Banks Choose Finger Vein Technology to Prevent Fraud at ATMs II-17
Growing Prominence of Mobile Banking Spurs Opportunities for
Biometrics II-17
Smartphones Enabled with Biometrics Soon Becoming a Reality II-18
Table 9: Global Biometric Smartphones Market (2013):
Percentage Share Breakdown of Shipments by Company (includes
corresponding Graph/Chart) II-19

Table 10: Global Market for Mobile Phones (2012): Percentage
Share Breakdown of Smartphones and Feature Phones by
Geographic Region (includes corresponding Graph/Chart) II-19

Table 11: Worldwide Smartphone Penetration by Geographic
Region (2012) (includes corresponding Graph/Chart) II-20
Biometrics - Bridging Banking the Gap II-20
Growing Prevalence of Electronic Banking Lends Traction to
Market II-21
Table 12: Global Non-Cash Transaction Volumes (2013):
Percentage Share Breakdown by Mode of Transaction (includes
corresponding Graph/Chart) II-21
Expanding Social Network Footprint of Financial Organizations:
Opportunities for Biometrics Technology II-21
Biometric Payment Cards: Providing Additional Security II-22
Multi-Modal Biometrics Approach to Gain Momentum II-22
Customer Acceptance: Not a Market Impediment II-23
Access Control: A Potential Application Area II-23

2. PRODUCT OVERVIEW II-24
Biometrics: An Introduction II-24
Major Biometric Modalities: An Overview II-24
Face Biometrics II-24
Voice Biometrics II-25
Fingerprint Biometrics II-25
Iris Biometrics II-25
Hand Vein Biometrics II-26
Comparison of Various Biometric Techniques II-26
Summary of Biometric Recognition Techniques II-27
Organizations/Standards Governing the Use of Biometrics II-27
Biometric Consortium II-27
International Biometrics Industry Association (IBIA) II-27
Commercial Biometrics Developers' Consortium (CBDC) II-28
National Biometric Test Center (NBTC) II-28
National Biometric Security Project (NBSP) II-28
Biometrics Working Group (BWG) II-28
International Association for Biometrics (iAfB) II-28
International Biometric Foundation (IBF) II-28
European Biometrics Forum (EBF) II-29
Biometrics Security Consortium (BSC) II-29
Nederlands Biometrie Forum (NBF) II-29
Standards for Automated Fingerprint Identification Systems II-29

3. PRODUCT INTRODUCTIONS/INNOVATIONS II-30
Facebanx Introduces Multimodal Password Replacement Software II-30
Ingenico Unveils iWB Bio Series II-30
Nuance Launches Advanced Version of Voice Biometrics Platform II-30
SmartMetric Launches NFC Biometrics II-30
Cross Match Unveils Guardian® Scanners II-30
InAuth Unveils Voice Biometrics Module for Mobile Banking II-30
VoiceVault Launches Voice Biometric Speaker Verification Engine II-30
Neurotechnology Releases VeriSpeak II-31
Suprema Rolls Out RealScan-G1 Scanner II-31
Finivation Introduces VoiceVerify II-31

4. RECENT INDUSTRY ACTIVITY II-32
HID Takes Over Lumidigm II-32
Dermalog Inks AFIS Agreement with Central Bank of Nigeria II-32
VoiceVault Deploys Voice Biometric Financial Services Mobile
Application II-32
Barclays Wealth and Investment Management Implements Voice
Biometrics Solutions II-32
Tatra Banka Deploys Voice Biometric Solutions II-32
Verint Systems Acquires Victrio II-32
Ingenico Implements Biometric Solution II-32
DigitalPersona Takes Over Identity Stream II-32
Morpho Inks Agreement with State Bank of India for Deploying
Biometric Authentication Solution II-33
Bridge Community Bank Implements Biometrics Based Privacy
Solution II-33
Precise Biometrics Bags Contract for Offering Fingerprint
Algorithm II-33
Chams, Dermalog Implement Banking Industry KYC Biometric Project II-33
MobiCash and KCB Bank Implement BioCash II-33
CSC Joins Forces with Daon for Identity Authentication Technology II-33
Lumidigm Deploys Fingerprint Sensors in CAIXA's ATMs II-33
Francisco Partners Takes Over Cross Match II-33
Safran Acquires L-1 Identity Solutions II-33

5. FOCUS ON SELECT PLAYERS II-34
3M (US) II-34
AllTrust Networks (US) II-34
Cross Match Technologies, Inc. (US) II-34
Cyber-SIGN, Inc. (Japan) II-35
Digital Persona, Inc. (US) II-35
Fujitsu Frontech North America, Inc. (US) II-36
Ingenico SA (France) II-36
Lumidigm, Inc. (US) II-37
Morpho (France) II-37
Nuance Communications, Inc. (US) II-38
Precise Biometrics AB (Sweden) II-38
Suprema, Inc. (US) II-39
VoiceVault, Inc. (US) II-39
Voice Commerce Ltd. (UK) II-40

6. GLOBAL MARKET PERSPECTIVE II-41
Table 13: World Recent Past, Current and Future Analysis for
Biometrics for Banking and Financial Services by Geographic
Region- US, Canada, Japan, Europe, Asia-Pacific, and Rest of
World Markets Independently Analyzed with Annual Revenue
Figures in US$ Million for Years 2010 through 2020 (includes
corresponding Graph/Chart) II-41

Table 14: World 11-Year Perspective for Biometrics for Banking
and Financial Services by Geographic Region - Percentage
Breakdown of Revenues for US, Canada, Japan, Europe,
Asia-Pacific, and Rest of World Markets for Years 2010, 2014 and
2020 (includes corresponding Graph/Chart) II-42


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Product Introductions/Innovations III-2
Strategic Corporate Developments III-3
Key Players III-4
B.Market Analytics III-8
Table 15: US Recent Past, Current and Future Analysis for
Biometrics for Banking and Financial Services Market
Analyzed with Annual Revenue Figures in US$ Million for
Years 2010 through 2020 (includes corresponding Graph/Chart) III-8

2. CANADA III-9
Market Analysis III-9
Table 16: Canadian Recent Past, Current and Future Analysis
for Biometrics for Banking and Financial Services Market
Analyzed with Annual Revenue Figures in US$ Million for
Years 2010 through 2020 (includes corresponding Graph/Chart) III-9

3. JAPAN III-10
A.Market Analysis III-10
Outlook III-10
Cyber-SIGN, Inc. - A Key Player III-10
B.Market Analytics III-11
Table 17: Japanese Recent Past, Current and Future Analysis
for Biometrics for Banking and Financial Services Market
Analyzed with Annual Revenue Figures in US$ Million for
Years 2010 through 2020 (includes corresponding Graph/Chart) III-11

4. EUROPE III-12
A.Market Analysis III-12
Outlook III-12
Poland and Turkey: Leaders in the Deployment of Finger Vein
Technology in Banks III-12
ENISA Survey Finds Reluctance of Financial Sector to Adopt
Biometrics Technologies III-12
Product Introductions/Innovations III-13
Strategic Corporate Developments III-13
Key Players III-13
B.Market Analytics III-16
Table 18: European Recent Past, Current and Future Analysis
for Biometrics for Banking and Financial Services by
Geographic Region - France, Germany, UK and Rest of Europe
Markets Independently Analyzed with Annual Revenue Figures
in US$ Million for Years 2010 through 2020 (includes
corresponding Graph/Chart) III-16

Table 19: European 11-Year Perspective for Biometrics for
Banking and Financial Services by Geographic Region -
Percentage Breakdown of Revenues for France, Germany, UK and
Rest of Europe Markets for Years 2010, 2014 and 2020 (includes
corresponding Graph/Chart) III-17

5. ASIA-PACIFIC III-18
A.Market Analysis III-18
Outlook III-18
Emerging Markets: Future Growth Opportunities for Biometric
ATMs III-18
China III-18
Increasing Installed Base of ATMs: Opportunity for
Biometrics Market III-18
India III-19
UIDAI: A Major Biometrics Project in India III-19
Role of Biometrics in Financial Inclusion of Citizens III-19
UIDAI Facilitates Cash Transfers III-20
RBI Accepts Aadhar for Identification III-20
Increasing Installed Base of ATMs: Opportunity for
Biometrics Technology III-20
Strategic Corporate Development III-21
B.Market Analytics III-21
Table 20: Asia-Pacific Recent Past, Current and Future
Analysis for Biometrics for Banking and Financial Services
Market Analyzed with Annual Revenue Figures in US$ Million
for Years 2010 through 2020 (includes corresponding
Graph/Chart) III-21

6. REST OF WORLD III-22
A.Market Analysis III-22
Outlook III-22
Rising Deployment of Biometric ATMs in Latin America III-22
Strategic Corporate Developments III-22
B.Market Analytics III-23
Table 21: Rest of World Recent Past, Current and Future
Analysis for Biometrics for Banking and Financial Services
Market Analyzed with Annual Revenue Figures in US$ Million
for Years 2010 through 2020 (includes corresponding
Graph/Chart) III-23


IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 43 (including Divisions/Subsidiaries - 47)

The United States (24)
Canada (1)
Japan (2)
Europe (12)
- France (2)
- Germany (3)
- The United Kingdom (3)
- Italy (1)
- Rest of Europe (3)
Asia-Pacific (Excluding Japan) (5)
Middle-East (3)

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