A new solution to the issue of authentication security is reportedly being tested by Samsung Pass. They have recently integrated the software into the Spanish bank known as BBVA. This new type of authentication will allow customers to be able to get into their banking information in a much quicker way, with higher rates of security and lower rates of fraud occurring.
Samsung Pass uses the FIDO specifications, and replaces existing PINs or passwords for a much more secure form of authentication. Raul Navarrete, BBVAs head of Mobile Channels stated that “BBVAs goal is to deliver a fast and user-friendly browsing experience. Iris recognition not only provides agile and seamless access to the platform, but also offers an unparalleled level of cybersecurity.” Another one of the large banks, Bank of America has been working to implement a similar platform, but is currently in only the pilot stages.
Samsung hopes to work with them as well to develop the use of iris authentication technology to make banking safer and easier for all. The introduction of biometric authentication is something that is very quickly changing the market on security. With the introduction of facial recognition on the newer iPhone models, the mainstream adoption of these new forms of biometric authentication is something that is becoming widespread.
As people look for more and more ways to secure their information, they are quickly realizing that biometric authentication is the way of the future. With data that is hard to breach and almost impossible to recreate, biometric authentication looks as though it is here to stay. With reports of hacking and information breaching, the public is always looking for new ways to secure their data and information, and it looks like this new form of authentication may help to solve that issue.