December 16, 2015 -
UK digital bank Atom, due to launch in 2016, will be using face and voice biometrics as core credentials for clients to log-in to its mobile banking app to access accounts and make financial transactions.
“Atom is taking a tiered approach to security,” said Edward Twiddy, Atom chief innovation officer. “Once a customer’s identity credentials are registered (face, voice and passcode), they can choose how they want to log-in to the Atom app. If there’s an unusual or high value transaction, then we may ask for additional security checks. Using a combination of facial recognition, passcode and voice recognition, a customer will be able to do everything they need to do within the app.”
The bank will use Daon’s mobile biometric authentication solution, IdentityX. The platform is currently being used by the American financial services company USAA who has more than one million users registered on the biometric platform.
To provide a biometric gateway, Atom has also partnered with CSC, the provider of ConfidentID, a mobile user authentication service powered by Daon’s IdentityX® platform. The biometric software Atom will be using is already used extensively around the world at airports and international border controls.
“Daon is excited to be working with Atom and CSC to provide Atom customers with a convenient, fast, and secure way to authenticate within Atom’s mobile app,” said Tom Grissen, Daon’s CEO. “Daon’s IdentityX® platform was designed to leverage existing smartphone features, acting as a biometric capture device, which simplifies the authentication process and removes the need for complicated passwords. We’re delighted to support Atom on their journey to make banking secure, easy and convenient.”
Atom are starting out with face and voice biometrics, but are already working on adding fingerprint identification.