Hitachi: M'sian bank keen to adopt biometric reader technology
Developed with a Hitachi technology, the Barclays Biometric Reader allows a user to scan their finger to access their online bank accounts and authorise payments without the need for PIN, passwords or authentication codes. - www.itsecurityguru.org
A Malaysian bank is keen to adopt Hitachi Asia Ltd's finger vein authentication technology solution.
Its senior vice-president/general manager ICT Solutions Business Regional, Mitsuhisa Kajiyoshi, said the new solution would enable the customers to easily access their online bank accounts and authorise payments within seconds, without the need for personal identification numbers, passwords or authentication codes.
"A Malaysian bank has expressed interest. The discussions are still at a preliminary stage. I hope it will be concluded soon. The deal depends on on our client," he told reporters at Hitachi Innovation Forum 2014 here today.
However, he declined to elaborate.
Kajiyoshi said the Malaysian bank has expressed an interest after Barclays, London teamed up with Hitachi Europe Ltd to ramp up the fight against fraud with the launch of the Barclays Biometric Reader, developed with Hitachi's Finger Vein Authentication Technology in early September this year.
The pioneering technology will be initially available to Barclays Corporate Banking clients from 2015, he said.
He said unlike finger prints, vein patterns were extremely difficult to replicate.
On strategy, he said Hitachi planned to extend its solution to existing customers in Asia and Asean.
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