<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>This study aims to identify what determines the use of biometric technologies in the financial applications of banks and FinTechs. The analysis uses data from a survey of 1,000 adult Polish residents. The estimated logit model indicates that the probability of using biometric solutions decreases with age and increases with the level of education and technological sophistication related to personal innovativeness, experience with biometric technology and the use of digital technology in both financial and non-financial areas. The work identifies the COVID-19 pandemic as a factor accelerating the adoption of biometric solutions and fostering awareness of the threat of digital technologies invading respondents’ privacy. The study demonstrates the positive impact of trust that phone manufacturers use to ensure the security of stored funds and data processing on the acceptance of biometric solutions in financial services. This relationship underpins the recommendation to financial institutions in the field of promoting biometric technologies.</p>
</abstract>

This study aims to identify what determines the use of biometric technologies in the financial applications of banks and FinTechs. The analysis uses data from a survey of 1,000 adult Polish residents. The estimated logit model indicates that the probability of using biometric solutions decreases with age and increases with the level of education and technological sophistication related to personal innovativeness, experience with biometric technology and the use of digital technology in both financial and non-financial areas. The work identifies the COVID-19 pandemic as a factor accelerating the adoption of biometric solutions and fostering awareness of the threat of digital technologies invading respondents’ privacy. The study demonstrates the positive impact of trust that phone manufacturers use to ensure the security of stored funds and data processing on the acceptance of biometric solutions in financial services. This relationship underpins the recommendation to financial institutions in the field of promoting biometric technologies.

Determinants of consumer adoption of biometric technologies in mobile financial applications

Department of Digital Economy and Finance, Faculty of Economic Sciences and Management, Nicolaus Copernicus University

Economics and Business Review

This work is licensed under the Creative Commons Attribution 4.0 International License.

This study aims to identify what determines the use of biometric technologies in the financial applications of banks and FinTechs. The analysis uses data from...

Determinants of consumer adoption of biometric technologies in mobile financial applications

Published Online: Apr 10, 2024

Page range: 81 - 100

Received: Oct 27, 2023

Accepted: Mar 03, 2024

DOI: https://doi.org/10.18559/ebr.2024.1.1019

Keywords
biometric technologies, mobile payments, mobile banking, personal finance apps, technology acceptance, FinTech, COVID-19 pandemic

© 2024 Anna Iwona Piotrowska, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Determinants of consumer adoption of biometric technologies in mobile financial applications

Published Online: Apr 10, 2024

Page range: 81 - 100

Received: Oct 27, 2023

Accepted: Mar 03, 2024

DOI: https://doi.org/10.18559/ebr.2024.1.1019

Keywordsbiometric technologies, mobile payments, mobile banking, personal finance apps, technology acceptance, FinTech, COVID-19 pandemic

© 2024 Anna Iwona Piotrowska, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
biometric technologies, mobile payments, mobile banking, personal finance apps, technology acceptance, FinTech, COVID-19 pandemic