According to Juniper Research, there will be nearly 770 million biometric authentication apps downloaded per year by 2019, which is more than a 100-fold increase from the 6 million per year currently.
by LISA WONG MACABASCODuring a talk at The Korea Society in New York City last November, twin sisters Arum and Dawoon Kang sat at the front of the room, discussing the launch and early success of their three-year-old start-up, Coffee Meets Bagel.
Taking turns answering questions from a crowd of about 30 young professionals, the Kang twins, 32, looked practically indistinguishable from one another, with their high cheekbones and big smiles.
The gradual switch to fingerprint authentication has given customers and businesses greater confidence in the security of mobile commerce, and will be the medium-term expectation for biometric apps until hardware-less identification comes into play.
Fingerprint technology will also have a role in reducing rejection rates of authentication systems, which will make mobile payments a lot easier to use in addition to security.
C., Coffee Meets Bagel boasts between 100,000 and 500,000 users and claims it’s helped make more than 20 million matches.