Standard Bank has scored a significant first in South Africa with the launch of the first biometric mobile banking solutions for iPhone and iPad users, utilising Apple’s TouchID technology.
“We are always on the lookout for ways to make banking easier and safer for our customers,” says Magnus Taljaard, head of mobile banking at Standard Bank. “ With the latest upgrade to our banking apps, customers with Touch ID enabled smartphones and tablets have the option to use Apple’s fingerprint identity sensor to sign into our mobile banking apps. This gives the promise of ‘banking at your fingertips’ an added dimension.”
A number of international banks have introduced similar features to their apps and, according to predictions by Juniper Research, global downloads of biometric-enabled apps will hit the 6 million mark this year. This figure will increase to more than 770 million downloads per year, by 2019 – a clear indication that biometric solutions are rapidly being adopted by the mobile community.
“Our customers’ security is of the utmost importance to us,” says Taljaard. “The new biometric identification feature therefore underwent rigorous testing so that we could ensure a safe and robust solution for our customers. The ability to sign in using the fingerprint sensor is also combined with an additional security layer for certain transactions, for example when paying a new beneficiary.”
Standard Bank plans to roll out this feature to biometrically-enabled Android phones in the near future.
