The second day of
Finovate Spring 2016 provided over 30 presentations on a range of perspectives across digital on-boarding, roboadvice, data analysis and security. As with day 1, a common theme seemed evident: a combination of digital self service + human interaction + artificial intelligence.
I’ve previously written about a selection of
Day 1 presenters; here are a few highlights from Day 2.
Continue reading “Finovate Spring 2016 – Day 2 Highlights”
Last week the Japanese Government
announced that it would commence development of fingerprint payment technology in time for the Tokyo 2020 Olympics.
The system is part of a broader strategy to increase the annual number of foreign tourists to visiting Japan to 40 million by that date.
The way the system will work is that:
inbound tourists will register fingerprints when they arrive in the country
fingerprint records will be associated with a bank or credit card account
tourists will then pay for purchases by using fingerprint readers in stores, restaurants, etc
data collected by the system will be used to identify tourist movements and spending habits
Source: The Yomiuri Shimbun
The system is to be initially trialed in 300 restaurants, shops and hotels popular with tourists, with a view to it being extended country-wide by 2020.
What are the implications?
Continue reading “Fingerprint payments to be developed in time for Tokyo 2020 Olympics”
Biometric authentication using fingerprints is meant to both improve security and simplify the authentication UX – but what happens when your fingerprint has been stolen? How do you reset it?
Continue reading “My fingerprint’s been stolen! How do I reset it?”