PSD2 및 오픈뱅킹 생체인식 시장 : 구성요소, 인증 방식, 도입 형태, 조직 규모, 용도, 최종 사용자 산업별 예측(2026-2032년)

The PSD2 & Open Banking Biometric Authentication Market is projected to grow by USD 13.89 billion at a CAGR of 10.54% by 2032.

PSD2 and open banking are reshaping digital financial services by requiring secure customer authentication, regulated access to account data, and stronger consent-based interactions between banks, fintechs, and payment providers. Biometric authentication has become a core enabler of this transition because it supports Strong Customer Authentication requirements while reducing friction in account access, payment initiation, and third-party provider authorization.

The market is moving from password- and OTP-dependent verification toward device-bound biometrics, behavioral analytics, liveness detection, and FIDO-aligned passkeys. This shift is supported by established regulatory frameworks, including PSD2 Regulatory Technical Standards in Europe, Open Banking implementation in the United Kingdom, and expanding national data-sharing frameworks across Asia-Pacific, North America, and Latin America. For financial institutions, biometric authentication is no longer only a security feature; it is a strategic capability for trusted digital identity, fraud reduction, and customer experience differentiation.

Transformative Shifts in the Authentication Landscape

The landscape is being transformed by the convergence of open banking APIs, digital identity modernization, and rising fraud exposure across mobile-first financial channels. PSD2 introduced a structured model for Strong Customer Authentication using two or more independent factors, while open banking accelerated third-party access to bank data through customer consent. Biometrics now help institutions meet security expectations without undermining the speed and convenience that users expect from digital banking.

A second shift is the migration from static identity checks to continuous and risk-based authentication. Fingerprint, face, voice, palm, and behavioral biometrics are increasingly combined with device intelligence, transaction context, and anomaly detection. This is especially important as social engineering, authorized push payment fraud, account takeover, and synthetic identity risks increase across digital payment environments. The most competitive institutions are embedding biometric authentication into omnichannel journeys rather than treating it as a point solution.

Cumulative Impact of Artificial Intelligence

Artificial intelligence is compounding the value of biometric authentication by improving identity proofing, fraud detection, liveness assurance, and adaptive risk scoring. AI models can evaluate facial presentation attacks, voice spoofing attempts, typing cadence, device behavior, geolocation consistency, and transaction context in near real time. This enables financial institutions to apply stronger controls when risk is elevated and reduce unnecessary friction for trusted users.

The same AI progress also increases adversarial risk. Deepfakes, synthetic voices, automated credential attacks, and AI-assisted phishing are forcing banks and fintechs to invest in presentation attack detection, injection attack detection, model governance, and auditability. Regulatory developments such as the EU AI Act and privacy rules under GDPR reinforce the need for explainable, privacy-preserving, and bias-tested biometric systems. Successful deployment depends on combining AI accuracy with transparent consent, data minimization, and continuous model monitoring.

Key Regional Insights

Asia-Pacific is one of the most dynamic regions for open banking and biometric authentication, supported by mobile payments scale, national digital identity programs, and regulatory-led data-sharing initiatives. India's Aadhaar-enabled ecosystem and Unified Payments Interface, Australia's Consumer Data Right, Singapore's national digital identity infrastructure, and growing API frameworks across Southeast Asia are accelerating biometric-enabled trust services. China, Japan, and South Korea continue to advance mobile wallet authentication, face recognition, and device-based verification in highly digital consumer environments.

North America is characterized by market-led open banking development, strong bank-fintech partnerships, and increasing regulatory attention to consumer-permissioned data access. The United States is advancing open banking through consumer financial data rights rulemaking under Section 1033 of the Dodd-Frank Act, while Canada is progressing toward consumer-driven banking. Latin America is led by Brazil's regulated open finance model and Pix instant payment ecosystem, with additional momentum from digital banking growth in Mexico and other major economies. Europe remains the regulatory benchmark through PSD2, the transition toward PSD3 and the Payment Services Regulation, mature Strong Customer Authentication adoption, and privacy obligations under GDPR. The Middle East is moving quickly through Saudi Arabia, the UAE, and Bahrain, where fintech strategies, real-time payments, and national digital identity programs support secure digital onboarding. Africa's momentum is strongest where mobile money, digital identity, and financial inclusion priorities intersect, particularly in markets building interoperable payment systems and formal digital identity capabilities.

Key Group Insights

ASEAN markets are advancing open banking at different speeds, with Singapore, Malaysia, Indonesia, Thailand, and the Philippines building digital finance frameworks that favor secure authentication, consent-based data sharing, and digital onboarding. In the GCC, national fintech strategies, real-time payments, and digital identity investments are creating strong conditions for biometric authentication in banking, especially in Saudi Arabia, the UAE, Bahrain, and Qatar. These markets are prioritizing trust, cybersecurity, and seamless customer experience as part of broader financial sector modernization.

The European Union remains the most influential policy group because PSD2, GDPR, eIDAS, the European Digital Identity framework, and the forthcoming PSD3 and Payment Services Regulation shape global expectations for authentication, privacy, digital identity, and third-party access. BRICS countries show diverse trajectories, with India and Brazil offering advanced open finance and instant payment models, China emphasizing large-scale digital payments, Russia focusing on domestic payment infrastructure, and South Africa developing open finance discussions. G7 markets drive cybersecurity, AI governance, privacy, and digital identity standards, while NATO members increasingly view financial infrastructure resilience, identity assurance, fraud prevention, and secure payment rails as part of wider economic security.

Key Country Insights

The United States is moving toward a more formal open banking environment through consumer-permissioned financial data rights, while biometric authentication adoption is driven by mobile banking, card-not-present fraud controls, account takeover prevention, and passkey deployment. Canada's consumer-driven banking agenda is reinforcing demand for secure consent management and privacy-aligned digital identity. Mexico is strengthening digital financial services adoption through fintech regulation, payment modernization, and mobile banking expansion, while Brazil stands out for regulated open finance, Pix adoption, and fast digital payment innovation.

In Europe, the United Kingdom remains a leading open banking market, having surpassed 10 million open banking users in 2024, while Germany, France, Italy, and Spain continue to expand PSD2-enabled authentication, SCA compliance, digital identity initiatives, and digital banking modernization. Russia's ecosystem is shaped by domestic payment infrastructure, national card systems, and sovereign technology priorities. China leads in mobile payments and biometric-enabled super-app ecosystems, India combines Aadhaar-scale identity with UPI-led payment growth, Japan emphasizes secure digital banking modernization and cashless payment expansion, Australia advances through the Consumer Data Right, and South Korea benefits from high digital adoption, strong mobile banking usage, advanced authentication technology, and mature digital payment infrastructure.

Actionable Recommendations for Industry Leaders

Industry leaders should prioritize biometric authentication as part of a broader digital trust architecture rather than a standalone login feature. Banks, fintechs, and payment service providers need to align biometric controls with PSD2 SCA, GDPR, eIDAS, local privacy laws, consumer data rights, and emerging AI governance rules. Investment should focus on interoperable API security, FIDO-based authentication, device binding, transaction risk analysis, consent management, and layered fraud detection.

Executives should also build privacy-by-design operating models that minimize biometric data exposure, favor on-device matching where appropriate, and document consent, retention, and redress processes. Vendor selection should emphasize certified liveness detection, presentation attack detection, injection attack resistance, bias testing, explainability, integration with core banking and identity systems, and resilience against deepfake-enabled fraud. The strongest outcomes will come from combining customer convenience with measurable fraud reduction, lower authentication abandonment, stronger operational resilience, and improved compliance readiness.

Research Methodology

This executive summary is developed using a secondary research methodology grounded in regulatory analysis, market observation, and triangulation across public and authoritative sources. The assessment considers PSD2 Regulatory Technical Standards, European open banking policy developments, UK open banking adoption updates, consumer-permissioned data initiatives in North America, national open finance frameworks, digital identity programs, real-time payment developments, and cybersecurity guidance relevant to biometric authentication.

The analysis evaluates technology adoption patterns across banks, fintechs, payment institutions, identity verification providers, API platforms, and fraud prevention vendors. It also considers macro drivers such as mobile banking penetration, instant payments, privacy regulation, AI governance, financial inclusion, digital identity modernization, and digital transformation spending. Insights are synthesized to identify market direction, regional differences, competitive implications, and practical strategic priorities for decision-makers without relying on market sizing, market share, or forecasting.

Conclusion

PSD2 and open banking have created a new baseline for secure, consent-based financial services, and biometric authentication is becoming essential to meeting that baseline at scale. As digital payments, embedded finance, and third-party data access expand, institutions must authenticate users with higher assurance while preserving speed, accessibility, and customer trust.

The next phase of market leadership will belong to organizations that combine compliant Strong Customer Authentication with AI-enabled fraud intelligence, privacy-preserving biometric design, resilient API security, and seamless customer journeys. With regulatory frameworks maturing across Europe, Asia-Pacific, North America, Latin America, the Middle East, and Africa, biometric authentication is positioned as a foundational layer of open finance security and competitive differentiation.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Definition
• 1.3. Market Segmentation & Coverage
• 1.4. Years Considered for the Study
• 1.5. Currency Considered for the Study
• 1.6. Language Considered for the Study
• 1.7. Key Stakeholders

2. Research Methodology

• 2.1. Introduction
• 2.2. Research Design
  • 2.2.1. Primary Research
  • 2.2.2. Secondary Research
• 2.3. Research Framework
  • 2.3.1. Qualitative Analysis
  • 2.3.2. Quantitative Analysis
• 2.4. Market Size Estimation
  • 2.4.1. Top-Down Approach
  • 2.4.2. Bottom-Up Approach
• 2.5. Data Triangulation
• 2.6. Research Outcomes
• 2.7. Research Assumptions
• 2.8. Research Limitations

3. Executive Summary

• 3.1. Introduction
• 3.2. CXO Perspective
• 3.3. Market Size & Growth Trends
• 3.4. Market Share Analysis, 2025
• 3.5. FPNV Positioning Matrix, 2025
• 3.6. New Revenue Opportunities
• 3.7. Next-Generation Business Models
• 3.8. Industry Roadmap

4. Market Overview

• 4.1. Introduction
• 4.2. Industry Ecosystem & Value Chain Analysis
  • 4.2.1. Supply-Side Analysis
  • 4.2.2. Demand-Side Analysis
  • 4.2.3. Stakeholder Analysis
• 4.3. Market Dynamics
  • 4.3.1. Key Drivers
  • 4.3.2. Key Restraints
  • 4.3.3. Key Opportunities
  • 4.3.4. Key Challenges
• 4.4. Porter's Five Forces Analysis
• 4.5. PESTLE Analysis
• 4.6. Market Outlook
  • 4.6.1. Near-Term Market Outlook (0-2 Years)
  • 4.6.2. Medium-Term Market Outlook (3-5 Years)
  • 4.6.3. Long-Term Market Outlook (5-10 Years)
• 4.7. Go-to-Market Strategy

5. Market Insights

• 5.1. Consumer Insights & End-User Perspective
• 5.2. Consumer Experience Benchmarking
• 5.3. Opportunity Mapping
• 5.4. Distribution Channel Analysis
• 5.5. Pricing Trend Analysis
• 5.6. Regulatory Compliance & Standards Framework
• 5.7. ESG & Sustainability Analysis
• 5.8. Disruption & Risk Scenarios
• 5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of Artificial Intelligence 2026

7. PSD2 & Open Banking Biometric Authentication Market, by Component

• 7.1. Software
  • 7.1.1. Biometric Authentication Platforms
  • 7.1.2. Identity & Access Management (IAM) Systems
  • 7.1.3. Fraud Detection & Risk Engines
• 7.2. Services
  • 7.2.1. Consulting
  • 7.2.2. Integration & Deployment
  • 7.2.3. Support & Maintenance

8. PSD2 & Open Banking Biometric Authentication Market, by Authentication Method

• 8.1. Behavioral Biometrics
  • 8.1.1. Gait Analysis
  • 8.1.2. Keystroke Dynamics
• 8.2. Facial Recognition
• 8.3. Fingerprint
• 8.4. Iris Recognition
• 8.5. Voice Recognition

9. PSD2 & Open Banking Biometric Authentication Market, by Deployment Mode

• 9.1. Cloud
  • 9.1.1. Private Cloud
  • 9.1.2. Public Cloud
• 9.2. On Premises

10. PSD2 & Open Banking Biometric Authentication Market, by Organization Size

• 10.1. Large Enterprise
• 10.2. Small And Medium Enterprise

11. PSD2 & Open Banking Biometric Authentication Market, by Application

• 11.1. ATM Kiosk
• 11.2. Internet Banking
• 11.3. Mobile Banking
• 11.4. Point Of Sale Terminals

12. PSD2 & Open Banking Biometric Authentication Market, by End User Industry

• 12.1. Banking
  • 12.1.1. Corporate Banking
  • 12.1.2. Retail Banking
• 12.2. Financial Services
  • 12.2.1. Asset Management
  • 12.2.2. Insurance
• 12.3. Fintech
  • 12.3.1. Payment Services
  • 12.3.2. Wealth Tech

13. PSD2 & Open Banking Biometric Authentication Market, by Region

• 13.1. Asia-Pacific
• 13.2. North America
• 13.3. Latin America
• 13.4. Europe
• 13.5. Middle East
• 13.6. Africa

14. PSD2 & Open Banking Biometric Authentication Market, by Group

• 14.1. ASEAN
• 14.2. GCC
• 14.3. European Union
• 14.4. BRICS
• 14.5. G7
• 14.6. NATO

15. PSD2 & Open Banking Biometric Authentication Market, by Country

• 15.1. United States
• 15.2. Canada
• 15.3. Mexico
• 15.4. Brazil
• 15.5. United Kingdom
• 15.6. Germany
• 15.7. France
• 15.8. Russia
• 15.9. Italy
• 15.10. Spain
• 15.11. China
• 15.12. India
• 15.13. Japan
• 15.14. Australia
• 15.15. South Korea

16. Competitive Landscape

• 16.1. Market Concentration Analysis, 2025
  • 16.1.1. Concentration Ratio (CR)
  • 16.1.2. Herfindahl Hirschman Index (HHI)
• 16.2. Recent Developments & Impact Analysis, 2025
• 16.3. Product Portfolio Analysis, 2025
• 16.4. Benchmarking Analysis, 2025

17. Company Profiles

• 17.1. Accenture plc
• 17.2. Apple Inc.
• 17.3. Authenteq Limited
• 17.4. BioCatch Ltd.
• 17.5. Daon, Inc.
• 17.6. Experian plc
• 17.7. Fidelity National Information Services, Inc.
• 17.8. Finastra Group Holdings Limited
• 17.9. IDEMIA SAS
• 17.10. Incode Technologies, Inc.
• 17.11. iProov Limited
• 17.12. Jumio Corporation
• 17.13. LexisNexis Risk Solutions Inc.
• 17.14. Mastercard Incorporated
• 17.15. Mitek Systems, Inc.
• 17.16. NEC Corporation
• 17.17. Nuance Communications, Inc.
• 17.18. NXP Semiconductors N.V.
• 17.19. Okta, Inc.
• 17.20. OneSpan Inc.
• 17.21. Onfido Ltd.
• 17.22. Ping Identity Holding Corp.
• 17.23. Safran S.A.
• 17.24. Samsung Electronics Co., Ltd.
• 17.25. Signicat AS
• 17.26. Socure Inc.
• 17.27. Temenos AG
• 17.28. Thales Group
• 17.29. Trulioo Information Services Inc.
• 17.30. Visa Inc.
• 17.31. VoiceVault, Inc.
• 17.32. Worldline SA
• 17.33. Yoti Ltd.
• 17.34. Zighra Inc.