Kenya: Mobile Banking app includes fingerprint recognition
The move is aimed at introducing a more secure way for customers to access their bank accounts.Guaranty Trust Bank Kenya has introduced fingerprint recognition in its bank's mobile app, a first in the country.
Customers who own phones with this technology will now be able to log onto their accounts by identifying their individual fingerprints, which brings added security on the mobile banking platform.
"Security in the era of mobile and digital banking is absolutely critical. The fingerprint recognition on the new GTBank mobile App gives our customers the control and confidence to transact securely on the platform," GTBank managing director Ibukun Odegbaike told Capital FM.
The move is aimed at introducing a more secure way for customers to access their bank accounts, as passwords are increasingly considered a weak form of security because they can easily be forgotten by users or stolen by cyber criminals.
A 2015 survey by Visa Europe published by Computer Weekly showed the new generation of banking customers would rather use biometric security devices than PINs and passwords, with 75 per cent of 16 to 24-year-olds having no problem using biometric security, and 69 per cent expecting it to be faster and easier than a password or a PIN.