Barclays and Hitachi on Thursday unveiled an improved version of their finger vein scanner, that helps businesses securely access their banking facilities within seconds. The new device will be available to Corporate Banking and Business Banking clients who use the bank’s Barclays.Net and iPortal digital channels from early 2020.
The Barclays Biometric Reader (BBR), developed in collaboration with Hitachi, uses infra-red technology to identify the user by scanning their unique finger vein patterns. The technology removes the need to remember PINs or passwords and hence eliminates the risk of PIN capture, identity fraud or sharing of account details, the companies said in a statement.
The new device improves on the first version by introducing a ‘Sign What You See’ (SWYS) activity screen which further safeguards against fraud. The screen displays written instructions to the user describing the activity being authorised, offering an additional layer of security in case their computer was compromised and a fraudster had manipulated the details of the activity needing authorisation.
“We’re committed to combating fraud. The new and improved Barclays Biometric Reader is much more portable and even more secure. Our clients are increasingly mobile and the advances we’ve been able to introduce will allow them to securely manage their accounts wherever they are. This device aligns with our aim to redefine Digital Banking by putting client experience at the core of everything we do, making it easier for our corporate clients to run their business,” said Martin Runow, Head of Digital Banking at Barclays Corporate Banking.
The new device is smaller than its predecessor, the companies said. These enhancements have been designed in response to direct feedback from clients around the need for technology that fits with their increasingly mobile working patterns. Barclays does not hold the vein pattern on their systems nor are there any public records of the user’s vein pattern, the companies added.
They have also added Bluetooth wireless connectivity. This enhancement will make it easier for users to manage their banking without having to physically connect the scanner to their computer.
Re-disseminated by SINGFIN