HSBC Malta introduces fingerprint recognition technology
16 February 2018 15:22 GMT

HSBC Malta is the first bank in Malta to launch biometric technology for customers in the country.

Customers can use Touch ID to gain access to their accounts through their HSBC mobile app.

The Touch ID feature uses a recognised fingerprint instead of passwords (for iPhone X customers can use FaceID) and is quick and easy to set up. The service is now available for all HSBC mobile banking users of iPhone as well as business customers using the HSBCnet mobile app.

YouGov, an international internet-based market research and data analytics firm headquartered in the UK, revealed recently that over a third (37%) of consumers agree traditional passwords have become an outdated security measure. The YouGov research also revealed over a third (38%) of people tend to use the same password across most of their online accounts, and over half (55%) say that they rarely update their passwords. The YouGov report ‘Apps in Banking’ was conducted internationally.