Biometric Security to be Key Focus of HSBC’s New Tech Advisory Board

HSBC has announced a new Technology Advisory Board, and the exploration of biometric security is a key component of its mandate.

The bank says that its new group will meet on a quarterly basis to offer guidance with respect to technology issues. It will focus on three key areas in particular: Disruption and the opportunities it offers; large-scale infrastructure; and digital security with respect to “[b]est practice in using biometrics for secure access to data and systems” and “developments in digital identity”, according to a statement from the bank.

HSBC has demonstrated a strong interest in biometric security already, having recently announced a mobile system that lets business customers open new accounts by authenticating with a selfie. The bank also participated in a biometrics discussion panel moderated by FindBiometrics President Peter O’Neill at last year’s Money20/20 Europe conference.

The new advisory board’s members include Token CEO Steve Kirsch, Ripple Executive Chairman Chris Larsen, Spark Capital partner Megan Quinn, eBay Chief Scientist Dr. Kira Radinsky, e-commerce expert Haoyu Shen, Infosys CEO Dr. Vishal Sikka, Ayasdi CEO Dr. Gurjeet Singh, and Mickey Boodaei, CEO of Transmit Security, which recently launched an authentication platform supporting multiple biometric modalities.

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January 17, 2017 – by Alex Perala