World Economic Forum Calls Biometric Technology Transformative for the Future of Banking

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smby Angela Guess

According to a new press release, “SmartMetric, the maker of fingerprint biometric payments and security cards, agrees with the statements coming out of the World Economic Forum listing biometric technology as being as transformative as what the computer itself was for the Banking and Financial Services industry. The World Economic Forum (WEF) made the claim in its ‘Future Of Financial Infrastructure’ report released last Friday. The influential Forum that has become a famous meeting place of global leaders in business and government rates the transformative potential of technologies such as biometrics alongside past innovations such as the personal computer, the internet and smartphones.”

The release continues, “Other transformative new technologies listed by the WEF include cognitive computing, machine learning, quantum computing, robotics and blockchain as well as biometrics in changing and transforming banking and financial services. SmartMetric is leading the adoption of fingerprint biometric based security in credit cards along with other card based systems such as access control, identity management and health cards. We are pleased to see that the technology we have spent so long in developing is now being recognized as a truly transformative change technology that will have a major impact on the Banking and Financial Services Industry said today SmartMetric’s President and CEO, Chaya Hendrick.”

Read more at Marketwired.

Photo credit: SmartMetric

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