MOBILITY
“ Hyundai Mobis has developed a system that monitors the driver ’ s gaze direction , along with facial recognition ”
alike , according to a Goode Intelligence white paper .
Hyundai Mobis has developed a system that monitors the driver ’ s gaze direction , along with facial recognition , while Osram Opto Semiconductors has developed an iris scanner for vehicles .
“ As biometric technology moves beyond authentication , biometric modalities that can support multiple use cases and applications , such as heartbeat , will become more attractive than a single use modality such as fingerprint ,” it states . In the US , an estimated one in 25 adult drivers ( aged 18 years or older ) report having fallen asleep whilst driving .
At a time of declining car sales globally , could biometrics provide a new lifeline ? Goode research adds 39 million biometricallyenabled cars rolling off production lines around the world during 2023 – over 37 percent of cars produced .
No one needs reminding that consumers see tremendous value in connectivity . McKinsey ’ s 2020 consumer survey on autonomous driving , connectivity , electrification , and shared mobility ( ACES ) showed 37 percent of respondents would switch car brands to achieve improvements in this area .
Payment behaviour shifts The pandemic reinforced major shifts in payments behaviour : declining cash usage , migration from in-store to online commerce , and adoption of instant payments .
The use of digital-wallet-based transactions grew globally by 7 % in 2020 , according to a report by FIS , a financial services technology group , which predicts that digital wallets will account for more than half of all e-commerce payments worldwide by 2024 , as consumers shift from card-based to account- and QR codebased transactions .
PwC research on ‘ Mobility Society ’ finds “ there is a need to envision a future society where mobility services and ID-related businesses become the norm , and create a new business model that accommodates such a future ”
“ Mobility Society ” and the future of auto finance and payment businesses | PwC Japan Group energydigital . com 71