Customers at Lloyds, Halifax and the Bank of Scotland will now be able to log into mobile banking using their thumb prints as Lloyds opens its doors to biometrics.
Lloyds follows the likes of Natwest in implementing Apple’s fingerprint authentication technology: Touch ID to its mobile banking service.
The move means that customers no longer need to go through the process of imputing passwords on mobile screens.
Apart from the speed and efficiency of logging with a finger or thumb print, biometrics mean customers no longer need to remember multiple passwords.
“Touch ID is one of a series of improvements planned in the next 12 months focused around making the banking experience simpler for customers,” says Lloyds head of mobile Steve Hicks.
“It is amazing how such a small change, can have such a large impact on our customers mobile banking experience.
“Over time biometrics will transform the way that customers authenticate with the bank whilst enhancing their security.”
It’s no secret that customers increasingly prefer to use mobile banking apps to manage their cash ‘on-the-go’ over online banking.
The increase of ATMs installed away from bank branches is being driven by factors including banks' efforts to be more cost-effective, and the rise of independent ATM deployers, new research from RBR suggests.
IZettle, Square's European rival, has raised €60m ($63.4m) in new funding and has also appointed a new CFO, Maria Hedengren.
Ford Motor Co and Amazon have announced a collaboration that will see Amazon’s Alexa integrated into Ford vehicles as a voice-activated digital assistant.