Bank of America adds biometric tech to e-banking

Written by Anthony Strzalek

Bank of America has announced that it will be implementing Intel’s biometric authentication technology into its online banking platform, adding a further layer of security.

The Intel Online Connect solution aims to provide an effortless experience that improves security over passwords. It requires biometric data and is stored only on the user’s device and not on a public server or cloud.

Bank of America plans to incorporate the security feature into its online banking authentication process in 2018, and will be the first financial services company to offer the technology to customers.

Michelle Moore, head of digital banking at Bank of America, said: “As online and mobile banking usage continues to grow, we’re focused on implementing the latest technologies that will give our customers the best possible user experience. Biometrics can help us achieve that goal, and we’re excited to work with Intel to bring added convenience to our more than 34 million digital banking customers.”

Rick Echevarria, vice president of the Software and Services Group and general manager of the Platforms Security Division at Intel, added: “Intel continues to drive innovation to simplify and secure the personal computing experience. We are excited about the close collaboration between Intel and Bank of America using the latest Intel Core processors to bring biometric authentication to online banking for PC users.”