Story image

Gemalto and Dai Nippon Printing develop facial recognition for mobile banking

03 Apr 2018

Gemalto has scored a contract to provide facial biometrics to Dai Nippon Printing (DNP) customers across Japan, which will improve functionality in mobile banking transactions.

DNP has started to offer facial recognition to customers, starting with secure access to its mobile banking applications. DNP says the functionality allows banking customers to easily and quickly log on to mobile banking services after successful facial authentication.

This, according to DNP, provides a more convenient user experience.

According to Gemalto’s 2017 eBanking Trends research, 68% of banks plan to roll out facial recognition within the next five years.

"We are pleased to continue our partnership with DNP and help them provide more secure mobile banking transactions,” explains Gemalto’s senior vice president of the company’s banking and payment Asia division, Michael Au.

80% of surveyed customers also believed that biometrics is more secure than traditional username and password combinations.

“Our eBanking Trends research showed that 55% of consumers are willing to use biometric security measures for mobile banking, and banks in Japan can gain a competitive edge by adopting biometric authentication,” Au continues.

The Japanese government has been spearheading a number of biometrics initiatives. One initiative is a biometrics-based payment systems for travellers and visitors designed to boost inbound tourism.

According to Gemalto, biometrics-based payments are also expected to grow in Japan over the next few years.

"In Japan, we have seen more and more consumers accessing financial services through their mobile device. But in the meantime, users are also increasingly concerned about security," comments Dai Nippon Printing deputy general manager Kunimitsu Sato.

“By incorporating Gemalto's facial recognition, the solution can bolster mobile banking security and provide a mobile authentication method customers love and trust. This should dramatically and significantly increase mobile banking usage."

DNP has also partnered with Gemalto on two major projects, including cloud-based authentication for online payments; and smart card technology for IoT devices.

In 2016 the two companies worked together to build a scalable cloud-based authentication platform for DNP’s financial solutions. They incorporated biometrics, one-time-passwords, and out-of-band authentication technologies.

In the same year, the two companies also developed a two-way server and device PKI-based authentication for IoT devices such as smart meters, point-of-sale terminals, and cash handling machines. The technology was designed to protect machines against fraud and hacking.

Gemalto employs 15,000 employees out of 114 offices across 47 countries. The company generates annual revenues of €3 billion and has customers in over 180 countries.

SecOps: Clear opportunities for powerful collaboration
If there’s one thing security and IT ops professionals should do this year, the words ‘team up’ should be top priority.
Interview: Culture and cloud - the battle for cybersecurity
ESET CTO Juraj Malcho talks about the importance of culture in a cybersecurity strategy and the challenges and benefits of a world in the cloud.
Enterprise cloud deployments being exploited by cybercriminals
A new report has revealed a concerning number of enterprises still believe security is the responsibility of the cloud service provider.
Ping Identity Platform updated with new CX and IT automation
The new versions improve the user and administrative experience, while also aiming to meet enterprise needs to operate quickly and purposefully.
Venafi and nCipher Security partner on machine identity protection
Cryptographic keys serve as machine identities and are the foundation of enterprise information technology systems.
Machine learning is a tool and the bad guys are using it
KPMG NZ’s CIO and ESET’s CTO spoke at a recent cybersecurity conference about how machine learning and data analytics are not to be feared, but used.
Seagate: Data trends, opportunities, and challenges at the edge
The development of edge technology and the rise of big data have brought many opportunities for data infrastructure companies to the fore.
Popular Android apps track users and violate Google's policies
Google has reportedly taken action against some of the violators.