by Chris Burt, Activist Post:

Banking is being reshaped by several forces, including digitization and online service delivery, and biometrics are vying for a major role in different types of interactions for financial services. Industry publication The Banker notes that synthetic identity fraud is expected by the Deloitte Center for Financial Services to generate $23 billion in fraud losses by 2030, and stakeholders see biometrics as the tool they need to fight back.