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

State Bank Of India | Bank - Public | BFSI | BSE: 500112 | NSE: SBIN

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.

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Company Name	CMP
State Bank Of India	984.50
PNB	116.80
Bank Of Baroda	232.40
Canara Bank	123.90
Union Bank Of India	177.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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