A number of financial institutions are beginning to implement biometric authentication. They started to replace traditional knowledge-based passwords with biometric authentication.
A British multinational banking is introducing biometric tests for its customers in U.K., letting account holders access online banking using their fingerprint or voice. If you’re using phone-banking services you can register your voiceprint with the company instead of using a regular password. A special voice biometrics technology will analyze a customer’s voice when they call the bank.
Customers using Apple’s Touch ID will be able to access their accounts on their mobile phones using their fingerprint.
Customers in the U.S., Canada, Mexico, Hong Kong, and France will have the technology by the end of the year. Other markets will follow in 2017 and 2018. The British multinational banking and financial services company have nearly 50 million retail banking customers around the world.