Japan's Ogaki Kyoritsu Bank is Experimenting with Biometric Identification
Laura McQuarrie — September 16, 2016 — Tech
The Ogaki Kyoritsu Bank in Japan is now planning to make a palm-scanning biometric identification system the norm at its branches. This means that the bank's customers will be able to leave their ATM access cards at home and instead, use just a swipe of their palm in order to carry out a variety of banking and investment services.
The Ogaki Kyoritsu Bank first introduced this kind of banking technology back in 2012, but it was limited to select ATMs. Now that alternative methods of authentication are being explored in order to offer consumers enhanced security and peace of mind, this kind of authentication is being rolled out on a much larger scale at all of Ogaki Kyoritsu Bank's 160 branches.
The Ogaki Kyoritsu Bank first introduced this kind of banking technology back in 2012, but it was limited to select ATMs. Now that alternative methods of authentication are being explored in order to offer consumers enhanced security and peace of mind, this kind of authentication is being rolled out on a much larger scale at all of Ogaki Kyoritsu Bank's 160 branches.
Trend Themes
1. Biometric Banking - The integration of biometric identification for banking purposes creates opportunities for more secure and convenient financial transactions.
2. Cardless Atms - The implementation of cardless ATMs allows for more accessible banking and investment services for customers.
3. Palm-scanning Technology - The development of palm-scanning biometric technology opens up possibilities for new methods of identification and authentication in various industries.
Industry Implications
1. Banking - The banking industry can utilize biometric identification technology to improve security and convenience for customers.
2. Technology - The technology industry can develop and improve palm-scanning biometric technology for various identification and authentication purposes.
3. Retail - The retail industry can utilize cardless payment options, such as palm-scanning, for more efficient and secure transactions.
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