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Online data collection is becoming an increasingly important issue, further intensified by the pandemic and digital banking.
Since 63% of consumers expect to increase their usage of contactless payment cards, community financial institutions will want to stay abreast of the latest contactless payment trend, biometric cards.
The global biometrics market is expected to hit $68.6B in 2025.
A robust data privacy program is key for all financial institutions.
With the ongoing pandemic, community financial institutions may find branch security more challenging.
Biometric payments are expected to exceed $1.67 trillion per year by 2023.
Digital IDs have been developing in various forms.
The development of technology within the banking industry has long been on the rise, but the COVID-19 crisis is stepping it up in new ways that could have a long-term, global impact.
As cyber thieves become ever more sophisticated, identity fraud remains one of the banking industry's top security concerns.
Digital licenses are quickly gaining traction and could significantly impact the way that the banking industry verifies an individual's identity.