Barclays is launching a finger scanner for corporate clients, as it steps up use of biometric recognition technology to combat banking fraud.
Barclays has teamed up with Hitachi to develop a biometric reader that scans a finger and identifies unique vein patterns to access accounts, instead of using a password or PIN.
Ashok Vaswani, chief executive of Barclays personal and corporate banking, is quoted by Reuters:
"Biometrics is the way to go in the future. We have no doubt about that, we are committed to it.Let us trust that the criminals don't resort to chopping people's fingers off in order to try to "breach the dam"!
You can't let these guys create a breach in the dam. You've got to constantly stay ahead of the game."