Barclays and Hitachi release updated biometric finger vein scanner
Barclays and Hitachi have released an improved version of the Barclays Biometric Reader (BBR), a finger vein scanner that allows companies to securely access their banking platforms, the companies announced.
The scanner uses infra-red technology to scan finger vein patterns and identify users based on these unique features. Because PINs or passwords are no longer needed, the tool reduces the risk of identity fraud or account detail theft.
The updated tool comes with a ‘Sign What You See’ (SWYS) activity screen which informs the user about the type of activity being authorized for additional fraud protection and Bluetooth for wireless connectivity that makes banking easier as users as users do not have to physically connect the scanner to their computer.
A top perk of the new device, according to the announcement, is a reduced size compared to the previous version. Hitachi developed the product based on direct feedback from clients who needed technology to fit with their mobile working patterns.
“We’re committed to combating fraud. The new and improved Barclays Biometric Reader is much more portable and even more secure,” said Martin Runow, head of Digital Banking at Barclays Corporate Banking. “Our clients are increasingly mobile and the advances we’ve been able to introduce will allow them to securely manage their accounts wherever they are. This device aligns with our aim to redefine Digital Banking by putting client experience at the core of everything we do, making it easier for our corporate clients to run their business.”
“This new deployment represents another milestone in our ongoing partnership with Barclays,” said Ravi Ahluwalia, general manager, Security Business Group at Hitachi Europe. “Both companies have worked together tirelessly to create this new device and we are delighted that our innovative VeinID technology will continue to help Barclays corporate customers conduct their business, using the most secure and easy to use biometric authentication technology available in the market.”
Hitachi’s VeinID technology is globally acknowledged as a secure biometric, the company says. It does not keep a public record of vein patterns and Barclays does not keep the data on its systems. iPortal, the digital banking system developed by Barclays, perfectly works with the BBR, improving account management and payment experience for end-users.
The device will be available to Corporate Banking and Business Banking clients who use the bank’s Barclays.net and iPortal digital channels from early 2020.