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Australian-based Telstra reported that a quarter of U.S. consumers would share DNA with their financial institution to secure banking and personal information. Additionally, a majority said they want biometrics as authentication for mobile banking.

Telstra revealed the majority of U.S. consumers want their mobile devices to immediately recognize them via biometrics, such as fingerprint and voiceprint, instead of having to prove who they are with passwords and usernames.

Would you be willing to share your DNA if it helped secure your personal information?
Yes No Depends on what kind of DNA they wanted. Other Please Specify:

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According to Telstra’s “Mobile Identity – The Fusion of Financial Services, Mobile and Identity” report, with smartphones now the primary channel used by Gen X and Gen Y to access and manage their finances, expectations around how financial institutions manage mobile identity have been transformed.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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