Daily Review: Meet the Pioneers That Enable Access to Their Banking App Through Iris Scanning

As the culture of convenience pushes boundaries across segments, banking sees accelerating adoption of biometrics as the way to access personal accounts – Spanish heavyweight BBVA inches closer to Samsung to bring the biometric authentication on Android devices to its banking app.

BBVA, the first bank with access to its mobile app via iris scanning, thanks to Samsung

On Nov. 16, 2017, Samsung and BBVA presented the iris scanning feature, which will allow BBVA customers with Samsung-compatible smartphones to log on to the bank’s Spanish mobile banking app just by looking at their displays.

  • BBVA becomes the first Spanish bank to deploy Samsung’s advanced biometric authentication technology, Samsung Pass, which will permit customers to bypass cumbersome login/password authentication methods.
  • Iris recognition is currently considered to be the most secure form of identity verification.
  • Samsung Pass, based on FIDO (Fas ...
To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.