How biometrics will replace bank passwords

Banks are getting serious about biometrics, which will eventually spell the end of online banking passwords. However, treasurers must not be distracted by the newest technology.

By Jane Cooper

Jul 14, 2015

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The iPhone is credited with many things, and one of them is the use of biometrics – in this case a scan of a finger – to log in to the phone. Apple’s TouchID is commonplace and the fingerprint scan is an integral part of the Apple Pay solution, where instead of a password or PIN, the fingerprint authenticates the payment.

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