What is an advantage of using biometric verification in financial transactions?

Biometric verification offers a significant advantage in that it eliminates the need for passwords, which can enhance security and user convenience. Traditional password systems can be vulnerable to various attacks, such as phishing or brute force attacks, and often require users to create complex passwords that may be difficult to remember. Biometric systems, such as fingerprint or facial recognition, utilize unique physical characteristics of the user, making it nearly impossible for unauthorized individuals to gain access using stolen or guessed credentials.

By relying on biometrics, users no longer need to remember or manage multiple passwords, leading to a more seamless and efficient transaction experience. This also reduces the risks associated with forgotten or compromised passwords. The use of biometrics can further enhance trust and security in financial transactions, making it a preferred method in many modern systems.