In Jordan, you can walk up to a bank teller and get your eyes scanned in lieu of using a bankcard. In Japan, ATMs authenticate your identity using the vein patterns in your finger.
Digital evolution is upon us and financial companies are racing to become the first in the world to integrate biometrics — using human characteristics to verify the identities of customers — into our everyday transactions.
The Toronto-based Bionym, for example, recently announced that its heart-related technology will be the world’s first biometrically authenticated wearable payment solution; meanwhile, Tangerine recently bragged that it was the first bank in the country with a voice-controlled mobile app.
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