The First National Bank (FNB) in South Africa has implemented a biometric identification system enabling customers of the bank to secure access to their accounts with their fingerprints, according to a Business Live article.
Moreover, the bank is utilizing the country’s national database as a means of authenticating identities by comparing a provided fingerprint sample to the database via the Home Affairs National Identification System. The biometric is checked when performing transactions, applying for new accounts or for financing.
The bank sees the new biometric identification option as both a way to solve the growing need to curb identity fraud in the country as well as a way to better serve their wide array of customers including those served by the easier to develop, low-cost branches called EasyPlan FNB branches.
The new fingerprint-based verification systems have been rolled out to 160 FNB branches in the country including all 137 EasyPlan branches.
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