Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week.
Biometrics and banking
Iris ID has entered into an agreement with South Korea’s Woori Bank on a pilot project to enhance financial security. The bank will use Iris ID’s iris recognition technology to authenticate clients at ATMs, safety deposit boxes and for access control and if the project is successful, Woori Bank’s 20 million customers will be able to register to use the biometric authentication system.
Netherlands based ABN Amro Bank is letting customers sign up for a new account using their smartphone. For initial ID confirmation the bank requests photos of the consumer’s identity card or passport, a selfie portrait pic, and a payment transfer of €0.01. After registering, the banks mobile app clients can confirm their identity with a selfie. For the full article click here
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