Singapore's OCBC unveils Face ID for banking apps
OCBC Bank has announced it has become Singapore’s first bank to offer facial recognition-based authentication to its customers.
The bank will leverage Apple’s Face ID technology available on Apple’s iPhone X, the company’s latest smartphone release, allowing users to authenticate access to the bank’s consumer and business apps "by simply looking at their phone", effectively dispensing with fingerprint identification and typed passcodes.
The service will be available across a suite of OCBC mobile apps, including OCBC Mobile Banking, OCBC OneWealth and OCBC Business Mobile Banking, as well as for payments made through the OCBC Pay Anyone app.
Aditya Gupta, head of e-business Singapore, said the company is “continuously innovating around new technology to deliver a simple, secure and superior banking experience for our customers.”
“There’s a whole generation of customers becoming more comfortable with biometric authentication technology, and we are confident that they will find OCBC OneLook truly impressive and relevant.”
OCBC was also the first bank in Singapore to implement fingerprint authentication and voice banking using Apple's voice-activated personal assistant, Siri.
Following months of hype surrounding its launch, the iPhone X was released by Apple on 3 November to largely positive reviews. However, doubts persist over the reliability of the new Face ID authentication system, with fears it is liable to hacking and false positive readings – allowing unauthorised individuals to access the device.
Apple claims the Face ID technology is 20 times more secure than its existing Touch ID system, with the probability of another individual unlocking a phone rated at one in 1,000,000 versus one in 50,000 for the fingerprint scanning technology.
Singapore embraces facial ID
The city-state is already proving an enthusiastic adopter of facial recognition technologies, with the Singapore government announcing plans to pursue facial recognition ID for its defence forces.
Singapore’s Ministry of Defence (MINDEF) has revealed a new security screening solution for visitors entering Singapore Armed Forces bases, utilising a smartphone app integrated with facial recognition technology to expedite the authentication process.