Skip to main content

MoneyWorks4Me

SBI to launch ‘multi-modal’ biometric authentication: Report

24 Aug 2018 Evaluate

State Bank of India (SBI) will reportedly launch ‘multi-modal’ biometric authentication for its mobile applications. The authentication would be either by voice-recognition, fingerprint or face recognition software on the bank’s server.

Further, the bank plans to use biometrics for various mobile-banking products including Unified Payments Interface (UPI) transactions and mobile wallets.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
View more..