The digital age has brought lots of opportunities for banks. Aside from becoming capable of offering online-based services, banking businesses can ensure more secure and transparent transactions using digital signature biometric technology. The imminent threat of fraud lessens through digital signature authentication as sign forging via handwriting became minimal.
Unlike their predecessors, biometric techs at present are far more accurate in authenticating identity. Despite that fact, it is still good to know the journey biometrics went through. If you want to learn more about its history of discovery and improvement, read this article!
Experts and scientists went through years of effort and dedication before developing digital signature API and other biometric technologies used by the institutions, especially banks at present. In that way, banks can offer their online products, like a digital wallet, and services with state-of-the-art encryption.
As potential threats to financial and personal security rise, the bank’s responsibility is to ensure that their clients get extra protection from fraud and online crimes.
Biometric techs have already played a vital role in human security in the past, and they will continue doing that in the future. Yet, the road never went easy for it, given the past limitations of science and technology.
1960s
It was in the 1900s when the modernization of biometric technology began. In the 1960s, the government and financial firms authenticated a person’s identity by using semi-automated facial recognition. Manually operated, administrators analyze facial features through the extraction of usable feature points in images. Nine years later, the Federal Bureau of Investigation (FBI) funding led to the development of fingerprint identification to reinforce laws against crimes.
1980s
New advancements in biometrics developed in the 1980s era. The National Institute of Standards Technology (NIST) studied the speech recognition technology that became the groundwork of today’s voice command and recognition systems. In 1985, iris recognition biometrics rose in popularity as scientists found that we have different blood vessels patterns in our eyes, suitable for biometric authentication.
1990s
The National Security Agency (NSA) establishment in the 1990s marked the beginning of the biometrics science boom. Despite being flawed, the creation of the face recognition algorithm paved the way for the possibility of real-time recognition. Well, without the efforts of the Defense Advanced Research Products Agency (DARPA) and Department of Defense (DoD).
2000s
The International Organization for Standardization (ISO) opened its door for international collaboration to develop generic biometrics technologies.
Over hundreds of biometric systems, such as the palm print biomarker tech, with patents became available for commercial and large-scale event purposes in the 2000s. Face recognition also got accepted as a biometric authentication method in passports and Machine-Readable Travel Documents (MRTDs).
Moreover, Biometrics Systems Engineering and Computer Engineering got included in the Bachelor’s degree programs list of West Virginia University.
Present
As a distinct research field, biometric science proliferates. Experts are looking to integrate it with artificial intelligence technology for a smooth-sailing authentication experience.
Get in touch with Login ID’s website to know more about the history of biometric technology.
