The Financial Services Technology Consortium (FSTC) announces that it will sponsor round four of the International Biometric Group’s (IBG) comparative biometric test. IBG conducts comparative testing of leading biometric systems periodically to determine their accuracy. The tests attempt to reflect real-world financial service environment usage. Members of the FSTC benefit from discounted sponsorship and the opportunity to nominate particular biometric systems for testing.
Testing is structured to answer such questions as: How well do biometric technologies work for typical users in a typical setting? What is the likelihood of false acceptance and false rejections for different technologies? What percentage of users will be able to use a given biometric solution? How will the perception of security, privacy and invasiveness change with day-to-day users?
Zachary Tumin, executive director of FSTC, says, “Financial institutions considering biometric solutions must fully understand the trade-offs between various biometric technologies as deployed across different real-world scenarios. This insight is best gained through independent, comparative testing as provided by IBG.”
