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When it comes to accessing your bank account online, the traditional password could soon be a thing of the past. Some of America’s banks have already begun to phase out traditional passwords, opting instead for biometric recognition platforms such as fingerprint and facial scanning to help secure accounts.
According to recent research conducted by Technavio, the global market for two-factor biometrics will grow at a compound annual growth rate (CAGR) of more than 22 per cent between 2016 and 2020.