Wells Fargo adds biometric authentication to mobile banking apps
Wells Fargo & Co. will soon let corporate clients sign in to its commercial banking app using either EyeVerify’s Eyeprint ID system or via a facial and voice recognition system, according to a report in the LA Times.
The bank will also be introducing fingerprint authentication to sign into its mobile banking app for non-business customers.
To sign in to the bank’s commercial banking app using the Eyeprint ID solution, the client opens the app and selects the eye-scan option, then lines up the phone’s camera so the eyes are centered in a box on the screen. The customer is then directed to look to the side, exposing the blood vessels on one side of the eye.
To sign in using the bank’s facial and voice recognition option, customers line up their face in a box on their phone’s screen and then read a series of numbers that pops up on the screen.
Using biometric authentication to sign in replaces the need for corporate clients to use a user name, password, corporate ID number and a code from a security token.
Wells Fargo invested in EyeVerify two years ago.
In January, EyeVerify announced that it ended the year with 2M unique enrolled devices using EyePrint ID and at the time, the company said it was averaging 60k new enrollments and 1.5M verifications weekly.