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The global biometric authentication (signature verification) market is projected to grow with a CAGR of 25%, and the market size is expected to be $9,395 million by 2030. AI and ML offer significant potential to revolutionize the process of signature verification in the banking sector by leveraging advanced algorithms and machine learning techniques. AI algorithms can analyze and recognize signature patterns by extracting key features and characteristics, and can detect and flag probable fraudulent signatures. AI-powered systems can provide real-time verification of signatures, enabling organizations to reduce processing time and enhance operational efficiency.
