Asian Banks Go Micro with Biometrics

Abigail Keene-Babcock — Tue, 08 Jan 2008 10:07:20 -0500

January 8, 2008 - 10:00, ZD Net Asia

Asian banks go micro with biometrics

Story Link: http://www.zdnetasia.com/news/security/0,39044215,62036183,00.htm

Teaser:
Banks in the region are turning to smart cards and biometrics to boost their microfinance operations, according to a new report from IDC's Financial Insights.

The study revealed that the successes of banks such as Grameen Bank in providing sustainable microfinancing schemes, have spurred others in the region to grow their microfinance operations. The report cited Indonesia's PT Bank Danamon and India's ICICI Bank, as two examples that rely on biometric and smart card technologies to alleviate the high costs of administering microfinance and to expand such operations.

Banks in the region are turning to smart cards and biometrics to boost their microfinance operations, according to a new report from IDC's Financial Insights.

The study revealed that the successes of banks such as Grameen Bank in providing sustainable microfinancing schemes, have spurred others in the region to grow their microfinance operations. The report cited Indonesia's PT Bank Danamon and India's ICICI Bank, as two examples that rely on biometric and smart card technologies to alleviate the high costs of administering microfinance and to expand such operations.

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Asian Banks Go Micro with Biometrics