Deutsche Bank Tests Password-Free Mobile Security
Deutsche Bank is considering scrapping traditional passwords in favor of thumbprint technology, facial recognition, and smart tech that knows how you hold a phone.
According to a report in the Business Insider, the bank is looking at replacing passwords with biometric security that measures 50 different factors including location data, how you hold your phone, thumbprint technology, and facial recognition. Deutsche Bank is working with Callsign on the technology.
"The idea is that by looking at a number of metrics, rather than just a simple password, the bank can be more sure that it is the account holder actually accessing the service," the report says.
Deutsche Bank is currently trialing the technology.