Taiwan’s CTBC Bank has launched a pilot of an ATM that uses multiple biometrics to authenticate transactions. Launched as part of the bank’s digital services strategy, the trial involves an ATM which uses finger vein scanning and facial recognition technology.
The finger vein technique was pioneered by the Japanese firm Hitachi Ltd and is based on the unique pattern of veins inside a finger – a method the manufacturer says is more effective in combating spoofing.
The pilot programme utilising biometric security began this week for employees working at the CTBC Financial Park in Taipei’s Nangang Business Park, the company said.
Rather than used in an ATM, using the solution, by simply scanning their finger, customers can access their online bank accounts and authorise payments within seconds, without the need for PINs, passwords or authentication codes.
However, CTBC Bank noted that its digitized services are still awaiting regulatory approval and their implementation will require the consent of customers.