Got ID? Standard Chartered Adopts Fingerprint Signature Tech

Tom Burroughes

30 June 2016

Standard Chartered, the UK-listed bank providing services including private banking, has launched a touch ID function on its SC Mobile platform so that clients can use a fingerprint signature instead of a user ID and password to sign in - part of a change in how bank customers can verify their identities.

The rollout of the new verification process was reported by the Economic Times of India; this publication contacted Standard Chartered for further details, and may update in due course. It was not clear at the time of writing whether this technology applied to the whole bank, or certain parts of it, and whether this applied to the Indian business, or further afield. Standard Chartered earns the bulk of its revenues in Asia and Africa.

At a time when cybercrime has become a major IT and business issue for wealth managers and financial services generally, there are advances in biometrics and other fields to foil criminals. This article explores some of the ways in which hackers are being thwarted.