BioConnect’s Bianca Lopes is highlighting the impactful ways in which the financial services industry is embracing biometric technology. In a post on the company’s blog, Lopes suggests that with Touch ID having surreptitiously pioneered the mass market mainstreaming of biometric authentication, banks are now taking advantage of the technology in a number of ways. Lopes…
Barlow Research Associates, a consulting firm specializing in the banking industry, has awarded BCSG, US Bank, Wells Fargo, and Xero with its 2016 Monarch Innovation Awards. In a statement announcing the winners, Barlow Research Associates explained that they were chosen by a four-judge panel, and were assessed “based on uniqueness, stickiness, dependability, ease of use,…
Wells Fargo Bank has announced its support for Samsung Pay. In a statement, Wells Fargo Virtual Channels head Jim Smith framed the support as part of a broader commitment on the bank’s part to offer a range of payment options. “We want to satisfy our customers’ financial needs when, where and how they want,” he said,…
Wells Fargo is launching a new innovation team, and its leader is excited about biometric technology. As a Forbes article notes, Steve Ellis, who pioneered the bank’s single sign-on system 15 years ago, “sees a big opportunity” in use of the technology. Of course, it’s too early to say exactly how Ellis’ excitement or his…
Wells Fargo is working on a biometric authentication system for its online app. The system is going to be multimodal and customers will be able to use it to log in. It’s meant to improve user convenience, and it should be a marked improvement: Right now the app requires users to enter a user ID,…