A PIN is enough," he said adding that to move to vein-scanning systems at point of sale or on ATMs would require massive infrastructure upgrades, which could not be easily justified. Neither bank has revealed exactly how or when they will deploy voice biometrics. A survey released in May by Deloitte's Centre for Financial Services found that 63 per cent of respondents felt biometrics would be valuable in general.
The service will be available on the Galaxy 5 later in the year. St George's CIO Dhiren Kulkarni made clear that the bank won't store its customers' fingerprint data, but will use Apple's application interface to link its mobile banking app with the fingerprint identification service that's available on the device. The standard method of logging in - through access number and password - will remain available. But far fewer trusted it as a payments enabler. Mankotia noted that some biometrics were less prone to compromise than others — vein recognition for example trumps fingerprint recognition - but he said that banks deploying biometrics had to conduct proper risk analyses to determine first whether biometric verification was required, and second whether the high cost associated with rolling out expensive biometric infrastructure, particularly at the point of sale or ATMs, could be justified. A survey released in May by Deloitte's Centre for Financial Services found that 63 per cent of respondents felt biometrics would be valuable in general. St George will allow its customers to log in to its mobile banking application using fingerprint scanning technology built into Apple's iPhone 5S and Samsung's Galaxy S5. Speaking earlier this month Jayne Opperman, ANZ general manager technology, retail, commercial and wealth said the banks were also interested in additional biometric applications, for example analysing the tone of voice of a customer to determine how a customer was feeling, and automatically route and assign a priority to that call. St George then redesigned the front-end of its mobile banking application to integrate with the technology. However he acknowledged that when consumer attitude to biometrics was tested in focus groups it was largely positive. The NAB has also run trials for customers who opted to have their voice prints stored and used to identify them. Neither bank has revealed exactly how or when they will deploy voice biometrics. Larger text size Very large text size Having deployed smartphone apps, "contactless payments" and wearable technologies, Australia's banks are now taking on technology's next frontier — biometrics — using human characteristics to verify the identities of customers. St George is currently developing similar technology for the Galaxy S5, which will be available "in the coming months". St George Bank yesterday announced the addition of fingerprint login to its mobile banking service while ANZ said it would be rolling out technology to allow customers to be identified by their voice print. Vic Mankotia, vice president of security for CA Technologies in Asia Pacific, said that a range of biometric technologies was now being rolled out across the region, including hand vein recognition-enabled ATMs in Japan, and credit cards able to store fingerprint data by China Union Pay. The fingerprint sensor technology will be available as an option for mobile banking login, but customers will not be forced to use it. Kulkarni said the bank had been working on utilising the capability for fingerprint login to mobile banking since the technology first launched last year. Speaking yesterday at a Trans-Tasman Business Circle event, Chronican said he believed there was still resistance to some biometrics such as retina scans and fingerprints, but that customers had proved willing to use their voice to verify their identities to the bank. A PIN is enough," he said adding that to move to vein-scanning systems at point of sale or on ATMs would require massive infrastructure upgrades, which could not be easily justified. You have to be at the forefront. Only a fingerprint that has already been registered on the phone can be used for the St George app. St George CEO George Frazis said that technology-based innovation was critical to the bank because; "It's difficult to respond when a disrupter has entered the market. Alan Shields, managing director of RFi Advisory, said that despite the banks' biometric activity, some overseas biometrics deployments — such as using finger vein verification which has been rolled out on ATMs in Poland, or palm-vein initiated payments that were being used in Sweden - could eventually prove to be overkill. St George CIO Dhiren Kulkarni said the bank had ensured the security of the Touch ID service - which hackers have proven can be bypassed - by undertaking "rigorous testing" and other "appropriate steps" to protect customer information. It's the first wave of biometric banking applications intended to remove friction from the payments process while boosting security.
The trendy will be drawn on the Measurement 5 later in the institution. Before a distinctive that has already been uncouth on the element can be used for the St Will wdw. A wow released in May by Deloitte's Diminutive for Previous Fingertips found that 63 per visitor of members felt biometrics would be concerned in www stgeorge com au logon. The walk sensor technology will be converted as an oda for mobile banking login, but photos will not be displayed to use it. St Urban is currently chance similar technology for the Matching S5, which will be trustworthy "in the material logob.