South Africa’s Standard Bank has introduced a biometric mobile banking solution that allows iPhone and iPad users to sign into the bank’s mobile app using fingerprints.

The new solution will leverage Apple’s TouchID technology to authenticate customers through their biometric parameters.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Standard Bank head of mobile banking Magnus Taljaard said: "With the latest upgrade to our banking apps, customers with Touch ID enabled smartphones and tablets have the option to use Apple’s fingerprint identity sensor to sign into our mobile banking apps.

"The ability to sign in using the fingerprint sensor is also combined with an additional security layer for certain transactions — for example, when paying a new beneficiary.

Taljaard added: "The new biometric identification feature… underwent rigorous testing so that we could ensure a safe and robust solution for our customers."

The bank will roll out the feature for Android phones with fingerprint readers in the future.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.