In the news: Biometric banking

Using biometric technologies for verification is on the rise for banks around the world
by Bethan Rees

One of South Africa’s ‘big four’ banks, First National Bank (FNB), is rolling out 50 biometric banking kiosks across FNB branches and community retailers in towns and more rural areas in South Africa, according to Finextra. These will take the form of ‘mini-ATMs’, called TouchPoint. 

The self-service kiosk will validate a customer’s identity with the touch of a thumb, allowing the customer to perform actions such as withdrawals and payment transfers, purchasing airtime and electricity, card cancellations and opening new accounts.
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Published: 11 May 2018
  • The Review
  • fintech
  • technology
  • Banking

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