ISO publishes biometric banking standard

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GENEVA – The International Organisation for Standardisation (ISO) has released a new standard for the implementation and management of security for using biometric authentication technology.

The new standard – ISO 19092 – outlines a security template for the integration of biometric signatures being used as personal identification by the financial services industry, including iris scans, fingerprints, speaker verification, and facial scans.

“ISO 19092 offers a valuable international consensus-based tool to the financial industry that will encourage the secure implementation of biometrics as an authentication method within this sector,” said Mark Lundin, chair of the ISO’s subcommittee that produced the standard.

“This standard is one step ahead, paving the way for the next generation of safer and more reliable financial transactions, increasingly important in today’s electronic era,” said Lundin.

Banks have been hesitant to adopt biometric technologies, partly due to doubts over acceptable security standards and consumer confidence.