US bank Wells Fargo has reported details of a biometric banking app that it is trialling, with eyeprint ID among the modalities it will offer.Speaking to the LA Times, Secil Watson, who oversees online and mobile applications for the bank's commercial banking section, confirmed that the app will use eye scanning technology from Eyeverify.”User names and passwords are basically 15 years old. They're at the end of their useful life,” said Watson. “Something needs to take their place.”The system Wells Fargo will roll out in a few months uses a smartphone's front-facing camera to look at the pattern of blood vessels in the whites of the eyes, a pattern that doesn't change and is unique like a fingerprint.Watson said Wells Fargo has been looking at biometric systems for six or seven years, initially studying voice-authentication programs that could identify customers ringing up call centres.But over the last few years, mobile devices have improved, with microphones and cameras powerful enough to support biometric sign-in systems. Corporate clients have also begun conducting more financial transactions on their phones – demanding extra security.
Select Page














