The Financial Services Technology Consortium will evaluate the use of biometrics to fight fraud within the banking industry.

The New York trade group said last week that more than 20 banks and other companies have expressed interest in participating in a planned study.

The American Bankers Association will be one of the sponsors.

The goal is to develop a standardized methodology to help bankers understand how biometrics work, where they can add value to a company's security efforts and how to introduce them to customers.

The consortium said biometrics could be used to reduce insider theft and make it harder for criminals to use stolen personal data to gain access to customers' accounts.