Tuesday 14 July 2015

Maybank mobile banking pioneers fingerprint identification

Malayan Banking Bhd (Maybank) has raised the benchmark in mobile banking as its customers can access their accounts and check their balances using fingerprints on their mobile devices.

Maybank said on Monday the Quick Touch service on the Maybank2u app incorporated the use of biometric authentication.

The new service is part of the group’s strategy to strengthen its offering in the digital space and meet the demands from customers for increasing convenience and transaction speed.

Essentially, the new biometric authentication speeds up access to accounts by some 70% faster than the traditional mode of keying in the conventional six-digit personal identification number (PIN).

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