More South Korean banks are planning to expand the use of biometric authentication systems in 2016 following a series of pilots.Reacting to an increased use of mobile and Internet banking, a number of South Korean banks have launched biometric initiatives, reported CCTV.For instance, Shinhan Bank launched a trial last December that used palm vein scans. Customers only needed to upload their vein information and attach it with a certain bank account beforehand.Shinhan Bank opened 24 such kiosks for a trial period and plan to use them in all their outlets across the country in January this year.”The vein recognition system has an error rate of 0.0001 percent and the customers' vein data will be stored separately in two servers, which helps enhance the financial security,” said Han Suk-hwan, an employee at Shinhan Bank.Meanwhile, the Industrial Bank of Korea (IBK) has launched ATMs with an iris recognition system.

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