Privacy is something that MoneyMe takes very seriously, as we're planning to become one of Australia's first quick finance companies to introduce biometric identification. This will make things safer and easier for customers when accessing their accounts.
So, say goodbye to your password. You won't need it anymore.
Here are just a few examples of biometrics techniques already being used across the world:
Human fingerprints are nearly unique and difficult to alter. And they're not only used on phones. In Japan, there are over 80,000 biometric ATMs.
Poland was the first country to introduce ATMs that used an infra-red reader to allow customers to withdraw money. In the US, nuclear power and biohazard plants have installed vein readers.
Hundreds of millions of people around the world have had their irises scanned for their passports.
Google uses iris scanners to control access to its datacentres, while Microsoft also introduced two Lumia phones that use iris scans for security.
Australia already uses facial recognition in border control - that's why the rules for your passport photo are so strict.
An advantage of speech identification is that you can authenticate your voice from a remote location (such as over the phone).
These are just some of the main biometric technologies already being deployed throughout Australia and overseas. But several others are emerging, including DNA analysis, keystroke recognition, gait analysis and EEG/EGC analysis.
Source: CSO Australia
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