Dual biometrics for banking: Double trouble or super-secure?
In an unusual experiment, two European banks (one in Hungary, the other in Spain) are trying to boost security and – nonintuitively – convenience by layering one biometric authentication method on top of another.
The two biometrics are facial recognition and palm recognition – both performed via a mobile device – and the banks are Hungary’s OTP Bank and Spain’s Liberbank; the vendor behind the effort promises imminent deployments in Slovenia and the UK. It’s clear that such an approach would theoretically be more secure, but is such a combo going to mean too much friction for the typical customer? Or will users accept a minute amount of additional effort to better safeguard their money?