Biometric banking is on its way

Swedish digital banking challenger Rocker is set to pilot the country’s first contactless fingerprint biometric debit card. This is a lead likely to be followed in all areas of retail financial services.

Sweden, the most socially advanced nation on earth, has long been a champion of ultra-modernity.

Anyone who has visited the Nordic kingdom during the past few years will likely have noticed that there is virtually no use of paper at all, and almost everything is not only extremely high quality, but also very sustainable.

Clever avantgarde thought process is absolutely abound in Sweden, and it is therefore inevitable that traditional banking, something Sweden is notable for with strong and well organized operations such as Handelsbanken making very strong inroads into other nations and taking corporate banking customers away from the large British and American establishment, would be next on the high tech agenda.

The use of paper, as well as the security of customer identity are two ethical aspects that can be tackled with one solution, that being biometric facial recognition, which removes the need for form filling within banks, paper receipts at ATMs and paper statements as well as securing client accounts.

Swedish digital banking challenger Rocker is set to pilot the country’s first contactless fingerprint biometric debit card. The firm is working with augmented identification vendor Idemia to roll out the card early next year, enabling users to ditch their PINs for payments.

Jonas Hultin, chief product officer at Rocker, says: “As a bank challenger, we are constantly testing new technologies to develop smarter financial services that are easier to use and that help people improve their everyday financial lives.”

“We are moving quickly at a high pace to provide new and attractive innovations to our customers. Our strategy is to offer smart and secure payment solutions across platforms and Rocker will be the first company in Sweden and one of the first in the world to offer this technology for consumers” said Mr Hultin.

Read this next

Digital Assets

SEC apparently approved Ether ETF as VanEck’s listed by DTCC

Amid increasing speculation about the possible approval of a spot Ether (ETH) exchange-traded fund (ETF) in the United States, global investment manager VanEck’s ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”

blockdag

Unlocking Investment Potential: Introducing MoonBag Presale, the Cryptocurrency Set to Surpass ApeCoin and Bitbot

Discover MoonBag Presale, the cryptocurrency set to surpass ApeCoin and Bitbot. Unlock your investment potential now!

Fintech

Playtech sees promising growth despite dispute with Caliplay

Gambling technology group Playtech plc (LSE: PTEC) reported solid financial results for the four months to April 30 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue.

Chainwire

Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours.

Chainwire

$BEER, a New Solana-Based Memecoin completes Pre-Sale of 30,000 SOL this week

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.

Digital Assets

Hong Kong regulator orders Worldcoin to cease operations over privacy concerns

Hong Kong’s privacy regulator has ordered Worldcoin Foundation to cease all operations of its cryptocurrency project in the city, citing risks to privacy and personal data.

Inside View

MT4 vs MT5: Which Should You Choose for Crypto Trading?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know.

Digital Assets

Intentable.io Launches Intent-Centric Architecture and Marketplace

Discover how Intentable.io, formerly Kiroboflow, is revolutionizing blockchain interactions with its Intent-Centric Architecture and new marketplace for intent-based strategies.

Digital Assets

Crypto ETFs, retail trading spike as Bitcoin nears record highs

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, saw a record amount of cash injection after a quiet few weeks of net outflows. The healthy metrics came as bitcoin briefly traded above the $71,000 level for the first time in a month.

<