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CONVENIENCE + SECURITY: THE MATHS OF MULTI-MODAL AUTHENTICATION

Mikkel Stegmann, Principal Scientist at Fingerprints

 

For today’s efficiency-loving consumers, convenience is more important than ever. When it comes to unlocking our smartphones, for example, the hassle of having to remember PINs and passwords has been long discarded in favour of quick and easy fingerprint authentication. Now, many are ready to embrace biometric authentication in other parts of their daily lives, including payments and access control.

But can a quick tap of the finger really be the more convenient option, if wearing a pair of gloves on a cold day can prevent your smartphone from being unlocked? Or if facial recognition fails because you are wearing a face mask? This challenge has become even more pronounced in recent times, as gloves and face masks have become a necessity for many during the pandemic.

Mikkel Stegmann

Now more than ever, consumers are eager to use authentication solutions that are secure, convenient, and hygienic in any setting. Fortunately, the biometrics industry has only just started to scratch the surface of what is possible for the technology. Now multimodality promises to take the convenience and security of biometrics to the next level – whatever the setting or environment.

 

Why Multimodality?

Extensive R&D investment has ensured that users can be recognized by biometric sensors across diverse settings and environments. Whether that’s face and iris recognition adapting to bright sunlight, or a fingerprint scanner still being able to read a slightly damp finger, major improvements to the technology have minimized false rejections.

But there are, of course, limits to what a single biometric identifier can do. If an item of clothing or environmental factors are obstructing the sensor, authentication becomes challenging. This is where multimodality comes into play.

Multimodal biometric authentication combines two or more identifiers, such as fingerprint, face, or iris, to either enhance the user-experience or boost the security (or both!) of user authentication. Alternatively, multimodality can be established using a combination of biometric identifiers and traditional security methods, such as keys, PINs, and passwords. Consumers are keen to adopt multimodal solutions too, with our recent research finding 38% of consumers would prefer having a dual biometric authentication solution.

Let’s take a look at the different scenarios where multimodality can improve the authentication experience.

 

The Choice is Yours

Fingerprint authentication is not always the most convenient option. If you’re out skiing or in the middle of cooking, for example, thick gloves and dirty hands can make fingerprint sensors hard to use. But with a multi-modal solution, you can simply switch from fingerprint to, for example, facial or iris recognition, ensuring authentication stays convenient even on the highest mountain slope.

Having multiple methods of authentication enables consumers to select identifiers depending on their environment and setting, reducing their risk of lockout. And for those who are physically restricted in their ability to use certain biometric solutions, for example because of finger scar tissue, ability to hold a phone still enough for iris recognition, or damaged pupils, having a choice when it comes to biometric authentication is especially beneficial.

Iris-based authentication is a highly secure mode of authentication. And now, thanks to considerable R&D, it’s also user-friendly and able to work when wearing a face mask or sunglasses. With hygiene masks becoming the ‘new normal’ in many countries, it’s easy to see how they could even enhance existing facial authentication use-cases, such as the “Smile and Pay” payments gaining traction in China.

But perhaps most importantly, multimodality simply allows for personal choice. If devices, such as smartphones, come with several biometric authentication options, consumers can layer and adapt them according to their preferences and environment to ensure a smooth authentication experience in every setting.

 

Double-Locking Security

Besides offering convenience, combining several biometric identifiers as part of the authentication process makes for even greater security.

It is difficult to spoof a fingerprint – but spoofing fingerprints and an iris in the same attack attempt is near-impossible. In this context, multimodal does not mean multi-options, but rather multi-step, with each step providing an additional layer of security.

Crucially, multi-step does not necessarily mean inconvenience – you can glance at a sensor, for example, while putting your finger on a touch sensor at the same time, enabling a highly-secure authentication without additional delay.

And for those wanting to rely on the familiarity of traditional security measures, adding a biometric dimension to existing authentication solutions, such as car keys and PIN entries, can provide an additional layer of security without additional friction.

 

Keep it Clean

Personal and on-device fingerprint authentication, such as mobile, on-card, or USB devices, has long been recognized as an authentication solution that is not only convenient but inherently secure. But in light of the current pandemic, it has attracted further praise for its ability to make payments, and other modes of authentication, more hygienic.

But for shared devices, such as access pads to enter buildings or shared office printers, multi-modal biometrics can offer a more hygienic authentication solution. This could either champion the personal device approach by adding fingerprint authentication to individual keys or fobs, or by adding touchless authentication, such as facial and or iris recognition, to existing solutions.

Multi-modal touchless solutions can also strike a strong balance between security and user-experience. By combining the robust security of iris authentication with the convenience of facial recognition, a compelling authentication experience can be created for mobile, automotive and numerous other access control scenarios.

 

Safe, Seamless, and Secure 

It’s been less than a decade since touch sensors were first added to smartphones and the once novel technology has now become a familiar part of daily life, making secure authentication more convenient than ever. In fact, the replacement of PIN authentication with biometrics in smartphones alone is estimated to save consumers over 40 minutes a week, and nearly 3 hours a month.

Now, multimodality is set to take it one step further. Environmental changes no longer mean consumers need to sacrifice the convenience or security, of biometric authentication. By layering new and additional modalities together, biometrics can help us move through the world safely, seamlessly, and securely.

Business

TOP 5 LINKEDIN PROFILE OPTIMIZATION HACKS FOR ASPIRING BANKERS

According to Firmex, finance professionals cannot afford to be not on LinkedIn. A significant number of organizations acquire talent in the financial industry through LinkedIn.

Especially for aspiring professionals, your internet presence matters a lot as recruiters are most likely to search your name on the internet before making a decision about your application.

As an aspiring banker on a professional platform, you should consider changing the outlook of your profile, to garner the recruiter’s attention. Your profile is unlikely to get noticed if it is out-of-date and inaccurate.

Here’s how you can optimize your LinkedIn profile:

 

Headline

Here’s an example of a good headline for a banker:

“Aspiring Banker majored in finance specializing in forecasting and risk management best practices”.

Scrolling through most professional profiles for bankers on LinkedIn, these individuals pay little attention to the headline.

A well-optimized headline gives the recruiters reasons to click on a profile. Though you just have 120 characters to make it great and charm the recruiter.

You can include pointers on what you are trying to achieve as a banker, or include your major as a way of connecting the skills-gap. If you are an MBA degree holder, then you can reflect this on your headline along with the major.

Though here are a few things you should know about creating a headline:

  • Be professional and avoid writing words like “superstar worker”, “top performer”, etc.
  • Be discreet with your job search, don’t directly mention “looking for a job”, “unemployed”, etc.
  • Research on other professional’s headlines with a network presence.
  • Include the usage of strong adjectives/action verbs.

 

Connections

On LinkedIn, develop meaningful connections with professionals and recruiters. With little effort, you can significantly increase your number of connections.

However, having 5000+ connections is not valuable if they are irrelevant to your interests. Hence, keep your connections limited to professionals in the finance industry.

  • Connect with individuals that are relevant in the finance industry and send a personalized message along with the connection request.
  • You are most likely to get ignored if you mindlessly send out requests. Though LinkedIn advocates being active, you should derive an invitation strategy for effective network expansion.
  • Message recruiters that are hiring professionals in the finance industry and ask them for advice on how you can further optimize your profile.

 

Professional Experience

Your LinkedIn profile works as a digital resume. It should give an idea of a constructive career progression. Hence, LinkedIn profile optimization becomes quite important.

  • Write points in a bullet form, don’t include long paragraphs.
  • Mentioning your roles and responsibilities isn’t ideal. Construct the points in a way that showcase all your accomplishments & contributions.
  • Add your projects separately; do not add them in the career highlights section.

 

Keywords

As with any other search engine, recruiters are dependent on the algorithm to show them the best profile as per their searches. Based on a certain set of relevant keywords in your industry, recruiters will try to search for candidates on LinkedIn.

Here’s how you can use keywords to optimize your profile:

  • Research: Thoroughly research the keywords that are of prime importance in the finance industry. Check the profiles of other professionals on LinkedIn and refer job postings to gain an understanding of how to sprinkle these keywords in your profile.
  • Section: Utilize each section efficiently of your LinkedIn profile to showcase your contributions and achievements. Don’t just stuff your profile with contextual keywords. In the end, your profile should foremost be easily readable.
  • Industry and Skills: Update the industry in your profile and include all the skills you are familiar with. Further, you can even include skills that you are not familiar with. Let’s say you need to include “Budget Forecasting” in your profile and you have not had any real-life experience with it. You may write it as “Interested in gaining experience in budget forecasting”.

 

Skills & Recommendations

Recruiters look for professionals who can deliver, hence your profile should include the skills that are highly relevant to your targeted profile. Though in the banking industry recruiters search for general skills as well. So, make sure your profile is a match for both.

Further, just listing your expertise is not going to be enough. Get your mentors, employers, etc. to write you a stellar recommendation. If you provide credibility for your skills then it can do wonders for you.

 

Final Word

  • Just as the headline of your profile, your picture is equally important. Make sure you use a professional-looking photograph.
  • Continue to engage with your connections through comments and professional messaging.

As you are a banking professional, your profile is probably going to end up looking like all about your core competencies, However, it is important to include a few pointers about your hobbies that describe your personality as well.

 

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Business

HOW MILLENNIALS CAN GET AHEAD WITH THEIR MONEY

Granville Turner, Director at company formation specialists, Turner Little. 

 

Millennials are often painted as globe-trotting creatures that spend more money on avocadoes than their future. But that can’t be further from the truth. Millennials tend to be good savers, at least compared to other generations. Industry data shows that more than 70% of millennials have started putting money away for retirement and beyond.

“Millennials still struggle with investing. Often because they feel they don’t know enough about the market, but it’s never too late to invest in your understanding. It’s a great way to make your finances work harder for you,” says Granville Turner, Director at company formation specialists, Turner Little.

Here are some things you can start doing now, or preparing for, to set yourself up for a future of learning and investing:

 

Start early

The most apparent advantage millennials have over older generations is the luxury of time. Whilst everyone can weigh up the risks and rewards of investing, you’re particularly well-placed to see a solid return on your investments.

 

Challenge risk

When you invest money for longer, you can become less phased by the ups and downs and be able to view inevitable declines as opportunity instead. It’s better to look at yearly or even longer figures for a more accurate reflection of performance.

 

Put your money to work 

Money that sits in a savings account, uninvested, is almost certain to lose value over time due to inflation, or a creeping higher cost of goods and services. If your money is growing or earning you a return, it’s going to help you reach your financial goals faster.

 

Start small

Many millennials believe you need to have a serious amount of money to start investing. But in reality, even small contributions can build over time. The important thing is to start early, and make it a habit.

If you’re ready to start having the right conversations about the future of your finances, get in touch with us today. With years of knowledge and expertise, we’ll be able to assist with any enquiries, no matter how complex.

 

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