Citibank has introduced Apple’s authentication software, Touch ID, in Hong Kong, allowing for features such as transactions, investments and enquiry in its Citi Mobile app to be conducted across iPhone models 5S or later.
Clients can now log on to the mobile banking app on their iPhone devices with their fingerprints. It’s not the first biometric feature introduced by Citi – it launched voice biometric authentication earlier in the year.
Touch ID will allow customers to use their fingerprints to log into the Citi Mobile app and manage their bank accounts and perform basic banking functions such as account balance and transaction enquiry, money transfer and bill payment, time deposit management, and promotions and offers enquiry.
As well as that, Citi’s Touch ID Sensor authentication service is the first fingerprint authentication method in Hong Kong that supports stock trading on a mobile banking platform
Angel Ng, Country Business Manager, Citibank Global Consumer Banking said:
“After the successful launch of the city’s first voice biometrics authentication service in June, we are pleased to roll out Touch ID Sensor authentication, thus enabling our mobile banking users to access a full range of services at their fingertips.”
Daniel Smith, Director of Relationship Management, Basset and Gold interview: “Consumer demand for new and innovative forms of finance is soaring”
Basset and Gold has announced the launch of its new Innovative Finance ISA (IFISA).
Anthony Walton, CEO of Iliad Solutions explores the latest developments and challenges with APIs.
Visa has announced it will be launching a new wearable payment device.
TransferWise has announced a partnership with Starling bank to provide easier international money transfers.