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.
4 of 11

The Eyes Have It
Imagine logging in to your bank account by taking an eyeball selfie. That's exactly the promise of Eyeprint ID - a mobile security technology introduced by biometrics firm EyeVerify in 2013. Unlike iris scanning (which, according to EyeVerify, is more expensive and requires specialized hardware), Eyeprint ID uses basic smartphone cameras to scan the unique map of blood vessels in the whites of the user's eyes. (We don't recommend using this after a hard night of drinking.) 
Digital Insight, a tech firm with more than 800 financial institution customers, helps banks experiment with applications for Touch ID and other biometrics. It announced earlier this month that it has agreed to incorporate Eyeprint ID into its mobile banking platforms starting this spring. Other companies internationally also use Eyeprint ID in their mobile banking apps, and Wells Fargo - one of EyeVerify's major investors - began using the technology last year. 
(Image source: Max Froumentin via Creative Commons license)

The Eyes Have It

Imagine logging in to your bank account by taking an eyeball selfie. That's exactly the promise of Eyeprint ID a mobile security technology introduced by biometrics firm EyeVerify in 2013. Unlike iris scanning (which, according to EyeVerify, is more expensive and requires specialized hardware), Eyeprint ID uses basic smartphone cameras to scan the unique map of blood vessels in the whites of the user's eyes. (We don't recommend using this after a hard night of drinking.)

Digital Insight, a tech firm with more than 800 financial institution customers, helps banks experiment with applications for Touch ID and other biometrics. It announced earlier this month that it has agreed to incorporate Eyeprint ID into its mobile banking platforms starting this spring. Other companies internationally also use Eyeprint ID in their mobile banking apps, and Wells Fargo one of EyeVerify's major investors began using the technology last year.

(Image source: Max Froumentin via Creative Commons license)

4 of 11
Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
ThomasBonderup
50%
50%
ThomasBonderup,
User Rank: Apprentice
7/26/2016 | 8:01:19 AM
Pending Review
This comment is waiting for review by our moderators.
DorisG987
50%
50%
DorisG987,
User Rank: Apprentice
9/2/2015 | 1:36:44 AM
Cybersecurity Workshop on this topic
Meet Edgar Perez, author of The Speed Traders and Knightmare on Wall Street, and course director of Cybersecurity Boardroom Workshop 2015 in New York City, London, Dubai, Bangkok, Jakarta, Sydney, Taipei, Seoul and Tokyo.
Blog Voyage
100%
0%
Blog Voyage,
User Rank: Strategist
7/6/2015 | 2:36:43 AM
Amazing
Mobile banking is innovating quicker than I thought. What great ideas you expose here.

As said just up over my comment, financial companies will never be able to innovate as quickly as start-ups. That's why they need to start using one of these start-up scout services.
Elliott Wilkins
50%
50%
Elliott Wilkins,
User Rank: Apprentice
5/20/2015 | 6:06:04 AM
Start-up
Wow mobile banking is innovating quicker than I realised, there are a few great ideas here. Financial organisations will never be able to innovate as quickly as the plethora of start-ups that are sprouting up every week. So these large corporations really need to start using one of these start-up scout services such as the one provided by Qmarkets. The solution allows large organisations to form a database of all relevant start-ups and small business, with the goal of eventually buying out smaller competitors whose technology/intellectual property could be beneficial. The only way for these old dinosaurs to survive with the coming disruptive tech is to work together with the innovative companies and embrace the change rather than resisting it.
wataylorgeo
50%
50%
wataylorgeo,
User Rank: Apprentice
3/25/2015 | 7:10:00 PM
Pending Review
This comment is waiting for review by our moderators.
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
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.