Biometric security

Business Insider: Deutsche Bank is considering scrapping traditional passwords in favour of thumbprint technology, facial recognition, and smart tech that knows how you hold a phone.

The Financial Times reports that the bank is looking at replacing passwords with biometric security that measures 50 different factors including location data, how you hold your phone, thumbprint technology, and facial recognition. Deutsche Bank is working with company Callsign on the technology.

Good idea. One point, if the smart card is that secure, then it is secure enough to hold the digits and can exchange without accessing the bank account.  Second point.   Have the bank officer use the same card security when activating the on-line system each day  Much of identity theft occurs at the bank, and consumers need the same protection.  If all digits were held and valid only under tight security, then no humans anywhere has access to the encryption. Then add banker bot, we get distributed clearing and bankers become Python programmers, creating unique currencies. The unique currencies are virtual credit cards, complete with its own yield curve.