Iris scan for senior citizens soon? Banks look at options for verifying transactions

Indian commercial banks are considering using iris scans for transaction verification, especially for senior citizens, due to reliability issues with fingerprints and thumb impressions. Discussions are ongoing with the Reserve Bank of India and other stakeholders regarding implementation challenges and cybersecurity concerns.

Apr 20, 2024 - 17:30
 0
Iris scan for senior citizens soon? Banks look at options for verifying transactions
Indian commercial banks are considering using iris scans for transaction verification, especially for senior citizens, due to reliability issues with fingerprints and thumb impressions. Discussions are ongoing with the Reserve Bank of India and other stakeholders regarding implementation challenges and cybersecurity concerns.

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