Your Finger Could Soon Be All The Identity You Need to Access Your Bank Account

25 Sep, 2014

Barclays has just announced that its business customers will be able to access their accounts via high-tech finger-recognition technology from 2015.

By scanning their finger with a VeinID device, customers will be able to log on to their accounts instead of having to rely on PINs, passwords or secret log ins.

It is hoped the technology, which picks up a customer’s unique vein patterns, will reduce the level of identity fraud experienced by businesses within the UK.

Barclays claims that vein patterns are extremely difficult to copy, making it a far more secure and accurate method of identifying a customer correctly.

The state of the art technology is already used by banks as a password replacement system and at ATMs in Japan, the States and some areas of Europe.

A spokesman for Barclays said: “This solution is at the leading edge of innovation and is in direct response to client concerns about the threat of online fraud while making our customers’ lives easier through its convenience.

“We have shown the technology to a range of businesses and the interest and enthusiasm for the product is tremendous. The technology has also been tested by Hitachi for many years and it will be game-changing for UK businesses and consumers.