Mobility Matters: Fingerprints Coming to Mobile Banking?
When Apple talks, who doesn’t listen? In mid-September the Cupertino, Calif., tech behemoth announced it would make fingerprint authentication available on its new iPhone 5S and immediately, across financial services, the question was raised: Will this impact mobile banking logins?
At the crux is the realization that the traditional username/password login is broken. There are way too many compromised logins and thus a rush to perfect other forms of authentication, often biometric.