Financial technology and biometric authentication in banking – Complete Phd and Masters Thesis

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Introduction

Financial technology, also known as FinTech, has revolutionized the way banking and financial transactions are conducted. One of the key advancements in FinTech is biometric authentication, which uses unique physical characteristics such as fingerprints, facial recognition, and voice recognition to verify the identity of users. This technology has gained popularity in the banking sector as a secure and convenient method of authentication.

As the use of biometric authentication in banking continues to grow, it is important to understand its implications on security, privacy, and user experience. This thesis explores the integration of biometric authentication in banking services and its impact on both customers and financial institutions.

Table of Contents

Chapter 1: Introduction
1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Thesis
1.9 Definition of Terms

Chapter 2: Literature Review
2.1 Evolution of Financial Technology
2.2 Biometric Authentication Technologies
2.3 Adoption of Biometric Authentication in Banking
2.4 Security and Privacy Concerns
2.5 User Experience
2.6 Regulatory Framework
2.7 Advantages and Disadvantages
2.8 Biometric Authentication Implementation Challenges
2.9 Case Studies
2.10 Future Trends

Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Data Analysis Techniques
3.4 Sampling Techniques
3.5 Ethical Considerations
3.6 Research Limitations
3.7 Research Validity and Reliability
3.8 Timeline

Chapter 4: Discussion of Findings
4.1 Overview of Findings
4.2 Biometric Authentication Adoption Rate
4.3 Security and Privacy Implications
4.4 User Acceptance
4.5 Regulatory Compliance
4.6 Implementation Challenges
4.7 Case Study Analysis
4.8 Recommendations for Financial Institutions

Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusion
5.3 Implications for Future Research
5.4 Practical Recommendations

Thesis Overview

The use of biometric authentication in banking has gained significant attention in recent years due to its potential to enhance security, improve user experience, and streamline banking operations. This thesis aims to provide a comprehensive analysis of the integration of biometric authentication in banking services, focusing on the implications for both customers and financial institutions.

Through a thorough literature review, this study will examine the evolution of financial technology, the various biometric authentication technologies available, the adoption of biometric authentication in banking, security and privacy concerns, user experience, regulatory frameworks, advantages and disadvantages, implementation challenges, and future trends. Case studies will also be analyzed to provide real-world examples of biometric authentication implementation in banking.

The research methodology will include a detailed explanation of the research design, data collection methods, data analysis techniques, sampling techniques, ethical considerations, research limitations, and research validity and reliability. The findings of this study will be discussed in-depth, focusing on the adoption rate of biometric authentication, security and privacy implications, user acceptance, regulatory compliance, implementation challenges, and recommendations for financial institutions.

Overall, this thesis aims to contribute to the existing body of knowledge on financial technology and biometric authentication in banking and provide valuable insights for researchers, practitioners, and policymakers in the banking sector.

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