We already use our fingerprint to unlock our phones, and one day soon your finger could replace your bank password.
Biometric scanners could let you log in to you bank account on your phone or PC, letting you transfer money or send cash without entering a password. That could potentially be safer than using a password, since your fingerprint is unique to you. Passwords can be easily guessed or hacked.
Though the technology has existed for years, data privacy has been a major curveball for banks' adoption of biometric readers.
Last October, Wells Fargo piloted its first dual biometric security model, incorporating facial and voice recognition technology into its mobile banking app. Through a series of snaps using the phone camera and a few words uttered into the device, customers can gain full access into their bank accounts.
Still, there are hangups: People with disabilities might find it difficult to log in. And biometrics might be more secure than traditional passwords, but they are not ironclad.Last year, Tabula Rasa, a European Union-funded consortium that looks into spoofing of biometric systems, posted a video demonstrating how a finger vein recognition device can be tampered with.
Apple's TouchID fingerprinting technology was also reported to have been hacked by "Chaos Computer Club," a German hacking group back in December last year.
