UK start-up bank Atom, which is due to launch in 2016, has selected Daon’s mobile biometric authentication platform IdentityX.
The bank will be using face and voice biometrics as core credentials for clients to log-in to its mobile banking app to access accounts and make financial transactions.
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Atom chief innovation officer Edward Twiddy said: "Atom is taking a tiered approach to security. Once a customer’s identity credentials are registered (face, voice and passcode), they can choose how they want to log-in to the Atom app. If there’s an unusual or high value transaction, then we may ask for additional security checks.
"Using a combination of facial recognition, passcode and voice recognition, a customer will be able to do everything they need to do within the app. We know customers of other banks get frustrated today with not being able to do everything they want to do online or in-app and with Atom, this frustration won’t exist."
Furthermore, the bank has teamed up with IT services and solutions firm CSC to offer a biometric gateway. CSC is the provider of mobile user authentication service ConfidentID, which is powered by Daon’s IdentityX platform.
Daon CEO Tom Grissen said: "Daon is excited to be working with Atom and CSC to provide Atom customers with a convenient, fast, and secure way to authenticate within Atom’s mobile app. Daon’s IdentityX platform was designed to leverage existing smartphone features, acting as a biometric capture device, which simplifies the authentication process and removes the need for complicated passwords. We’re delighted to support Atom on their journey to make banking secure, easy and convenient."
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By GlobalDataFollowing the launch, Atom will offer a wide range of products and services including current accounts, savings accounts, mortgages and loans.
