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Bank of America to pilot Samsung iris recognition for mobile banking

  • Author:zz
  • Source:zz
  • Release on:2017-08-15
Bank of America will soon launch a pilot program in which it will use Samsung’s iris biometric authentication technology to allow mobile banking clients to log in to the app by taking a photo of their eye, according to a report by American Banker.
The pilot is part of an overall initiative to assess customers’ interest for a range of biometric authentication technologies, according to Michelle Moore, head of digital banking at Bank of America.
The bank is researching what financial firms and other companies are doing, as well as learning what their customers want.
Moore said that introducing new biometrics-based technologies will help the bank to further develop a digital identity for its clients that will ultimately simplify the authentication process.