Santander Bank of Brazil introduced the use of biometric fingerprint technology in different offices and ATMs to eliminate identity fraud.
This biometric technology entails the identification and authentication of clients using their fingerprint as a digital signature for various banking operations.
In the future, it is estimated that this system will be introduced in other Santander Bank subsidiaries in countries such as Mexico, Colombia and Spain.
This technology boasts numerous benefits for clients as well as for the bank. Users will not have to worry about remembering passwords. Moreover, this system is perceived as being more trustworthy and reliable.
For the bank, using biometrics will lead to a reduction in cases of identity fraud and the authorization of external and internal communication channels.