Tangerine now has the first banking app in Canada to allow users to identify themselves with their just own eyes or voice, signaling a new era of biometric banking.
The iOS app allows a Tangerine customer to authenticate themselves with technology that comes from EyeVerify and VocalPassword by Nuance. The feature is currently up-and-running on Apple devices and is expected to be coming soon to the Android version of the banking app.
Some of the world's most forward-thinking banks and businesses are now exploring secure authentication tools that do away with issues that come with the use of passwords, such as theft or users simply being forgotten. As well as enhancing security, biometric login options have the ability to promise a more seamless user experience.
Biometric Banking Apps
Tangerine's Mobile Banking App Allows Launch Eye and Voice Verification
Trend Themes
1. Biometric Banking - The use of biometric authentication in banking apps to improve security and user experience.
2. Passwordless Authentication - The shifting trend towards authentication methods that do not rely on password usage.
3. Voice and Eye Recognition Technology - The development of biometric identification tools that utilize voice and eye recognition to authenticate users.
Industry Implications
1. Banking - The banking industry can take advantage of biometric authentication to create more efficient and secure banking processes.
2. Technology - The technology industry can develop innovative biometric authentication solutions to meet growing demand for enhanced security measures.
3. Mobile Applications - The mobile application industry can integrate biometric login options to provide a more seamless and secure user experience for consumers.