Security

04:35 PM
Joe Stanganelli
Joe Stanganelli
Slideshows
Connect Directly
Twitter
LinkedIn
Google+
RSS
E-Mail
50%
50%

4 Hot Mobile Banking Security Developments

Integrated biometrics and specialized mobile banking apps are working in tandem to bring two major benefits to financial institutions and their customers.
2 of 11

You Can Put Your Finger on It
Touch ID, the biometric centerpiece of Apple's latest smartphones, has found its way into everyday consumer banking. When the Cupertino tech giant released the API for Touch ID, its fingerprint-authentication technology a few months ago, financial services companies pounced. 
Charaka Kithulegoda, Tangerine Bank's CIO, told American Banker that Touch ID provided exactly the technology Tangerine has been waiting 12 years to see. Accordingly, Tangerine has joined numerous other financial institutions, including American Express, BBVA, Citigroup, Discover, JPMorgan Chase, and - as of this past week - the Royal Bank of Scotland in implementing fingerprint authentication for mobile banking services. 
Apple is not the only belle at the mobile-banking ball. Westpac New Zealand, for instance, has developed apps for mobile fingerprint scanning on Samsung devices. 
 (Image source: Chris Isherwood via Creative Commons license)

You Can Put Your Finger on It

Touch ID, the biometric centerpiece of Apple's latest smartphones, has found its way into everyday consumer banking. When the Cupertino tech giant released the API for Touch ID, its fingerprint-authentication technology a few months ago, financial services companies pounced.

Charaka Kithulegoda, Tangerine Bank's CIO, told American Banker that Touch ID provided exactly the technology Tangerine has been waiting 12 years to see. Accordingly, Tangerine has joined numerous other financial institutions, including American Express, BBVA, Citigroup, Discover, JPMorgan Chase, and as of this past week the Royal Bank of Scotland in implementing fingerprint authentication for mobile banking services.

Apple is not the only belle at the mobile-banking ball. Westpac New Zealand, for instance, has developed apps for mobile fingerprint scanning on Samsung devices.

(Image source: Chris Isherwood via Creative Commons license)

2 of 11
Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.