Whether you are in the financial sector or are running a company in a different industry, you may be facing many responsibilities and challenges. With the development of technology, many transactions have become easier. However, people with bad intentions have also utilized these innovations to their advantage. That is why cyber security has become a priority for most, if not all, organizations. To address this, authentication systems were created. One of these is biometric authentication.

What Is Biometric Authentication?

Generally, biometric authentication refers to the use of certain human features for the management of access control to certain areas or information. These should be unique to individuals. Among the features used are fingerprints, facial characteristics, retinas, irises, and voices. These will be used for comparison against a database. The information will be entered into the service. Thus, ensuring that only authorized people can access certain physical or digital resources.

How It Works

As stated earlier, a comparison is a part of the system. Two sets of data are necessary for authentication. First is the present by the device owner. The user will register the information in the system that will be connected to their profile. The second is the one from the device visitor. The information will be used for matching your input when you try to access a device. 

These two should match and be nearly identical so that the device will consider the visitor and the owner to be the same person. Thus, giving access to the visitor.

Three technologies are used for the system. These are:

• Sensor or Scanner – a device that accurately captures the biometric information
• Computer System – where the biometric information is stored and can be retrieved for comparison with live data in the future
• Software or Application – the program managing the interface between the scanner or sensor and the computer system while comparing data

Advantages It Offers

Data security poses many challenges not only for organizations but also for individuals. That is where authentication solutions and systems come in.

Here are some of the advantages you can expect:

• Better security
• Higher authentication accuracy
• Faster access to device or area
• Convenience

Getting Started

Biometric authentication is a game-changer in terms of security. With this technology, organizations can better ensure safer management of data and limit access to specific people. At the same time, individuals can prevent others from accessing their devices and data.

If you want to get started with authentication systems but do not know where to go, consider working with an experienced third-party service provider like Nok Nok Products. Nok Nok Products offers solutions to help companies from various industries have more secure data management and user experience.

Industry leaders, innovators, and new challengers will once again gather to tackle the changes in, the challenges faced by, and the future of the financial industry.

Money 20/20 in Las Vegas 

After a challenging year, it is important to review the industry and figure out what the future holds. That is what Money 20/20 aims to do.

The event, which will be conducted from October 24 to 27, 2021 in Las Vegas, will provide a way for industry players in the world of financial technology to find contacts, reconnect with networks, and learn from experts and their peers.

Thousands are expected to join the event — from renowned speakers, innovators, C-level executives, and representatives from the financial technology and financial services industries. Through this event, attendees will get to learn more about shaping the future of money, cyber security, and various solutions like multifactor authentication.

What It is

Money 20/20 started in 2012. Payment and Fintech veterans from different companies, including Google, Citi, and TSYS, created it to have a unique learning experience far from the typical business conferences. Through this, members of the Payments, Banking, Financial Technology, and Financial Services community work hand-in-hand in creating solutions for safe management, spending, movement, and borrowing of money.

Nok Nok Products

Nok Nok Products is among the thousands of participants who aim to provide solutions to issues in financial transactions. It offers services to various business entities and financial companies, such as multifactor authentication.

To share its knowledge and experience in the field, as well as showcase its innovative solutions to security needs, Nok Nok Products will join Money 20/20 as an exhibitor. A visit to Nok Nok’s booth will help attendees have a better understanding of modern authentication systems, how they work, and how businesses and organizations can benefit from them.

If you want to get a glimpse of Nok Nok Products, see us at the Money 20/20 in Las Vegas. You can also learn more about multifactor authentication systems, other authentication solutions for users, and cyber security by visiting www.noknok.com.

Technological advancements help make transactions easier and quicker. However, it also poses many challenges. That is especially true when it comes to cyber security.

Protecting Data

There are many ways for business entities and financial organizations to protect data. Perhaps one of the well-known ways is by applying passwords.

However, times have changed. With more developments come new systems. Now, the use of passwords may become a thing of the past.

Industry leaders and innovators have created various modern authentication systems and standards to enhance efficiency while strengthening cyber security.

Authenticate 2021

All of these can be seen and heard in Authenticate 2021 hosted by the FIDO Alliance. Nok Nok Products, together with other players in the financial technology industry, will provide excellent content to educate attendees on best practices in user authentication. 

From FIDO standards-based approach to technical considerations, attendees can expect to bring home new knowledge on the who, what, why, and how of authentication systems. So, whether you are a security strategist, enterprise architect, or business leader, attending this event will surely be fruitful.

What to Expect from Nok Nok

Nok Nok Products will not only showcase its solutions in this three-day event. The audience can also expect to learn from a presentation, as the company also has a speaking slot along with a booth.

Nok Nok offers innovative solutions for various business entities and the financial services sectors to help ensure data security. It is a part of the FIDO Alliance, which stands for Fast Identity Online Alliance. 

The FIDO Alliance aims to address interoperability issues among authentication devices and the problems users face. The conduct of this event is among its efforts to help people from various backgrounds and industries better understand modern authentication.

What Sets It Apart

Authenticate 2021 opens a lot of doors. It is an opportunity for attendees to know the state of authentication. It will also help leaders and companies create a strategy for authentication using best practices. 

Participants can get to know those who have already implemented modern authentication systems and succeeded in enhancing their cyber security. Additionally, you can learn more about the various needs and requirements of different industries when it comes to authentication.

Authenticate 2021 will be on October 18 to 20, 2021 in Seattle, Washington.