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Commercial Credit News
|Consumers keen to embrace fingerprint recognition for online banking security|
|Tuesday, 14 April 2015|
Fingerprint recognition looks set to become consumers’ preferred way to verify their identity when accessing financial accounts online. In new online research, 31% of respondents said that fingerprint recognition would be their favoured security method when logging into financial accounts via the web, just 1% behind the traditional method of using passwords. This is despite such technology being a relatively new phenomenon in the UK. So far only two UK banks, RBS and NatWest, have introduced the service; the research indicates that other providers will need to catch up in order to meet their customers’ expectations.
The online survey, commissioned by business insights expert Equifax and conducted by YouGov, showed that answering security questions is the third most popular authentication method (21% selected this as their preference), while voice recognition was the least popular option, with just 3% of respondents considering it their preferred security measure.
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