Chris Skinner at the Financial Services Club blog has taken a look at an innovative app for Spanish bank Bankinter, which uses an iPhone to scan customers’ irises, verifying their identity in order to access their brokerage accounts.
I’m not sure how easy this is to setup or how well it works in practice, but it’s probably not unrealistic to see this sort of thing being used to access online/mobile banking sites in the future.
It could potentially also provide a way of authenticating a login to online banking, perhaps we should let HSBC know about this technology, as it could provide an alternative to their not-s0-popular Secure Key widget.
Would not finger print recognition be easier? Great idea though…anything to help combat fraud.
An issue with both iris recognition and fingerprint technology is that it’s not 100% accurate. I played with the Motorola Atrix recently and the scanner couldn’t recognise me in 2 out of possibly dozen attempts. Not great. Having said that, technology is improving and innovation is always welcome!
With the advent of technology and growing concern for safety usage of iris recognition and fingerprint technology is increasing day by day.
A problem with both Iris gratitude and fingerprint technology is that it’s not 100% precise. I enjoyed using Motorola Atrix newly and the scanner couldn’t be familiar with me in 2 out of perhaps dozen challenges.auto insurance quotes online
Whoa! That is some advanced technology!