# Fingerprint-Based Banking Services This App Uses Fingerprints to Verify a Customer's Identity By Katherine Pendrill | Published 2015-09-08 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/fingerprints-to-verify References: [biometricupdate](http://www.biometricupdate.com/201509/bmo-makes-fingerprint-login-available-to-canadian-mobile-banking-customers) & [itunes.apple](https://itunes.apple.com/ca/app/bmo-mobile-banking/id429080319?mt=8) BMO recently announced that it will begin using fingerprints to verify a customer's identity. As more and more consumers turn towards mobile banking, financial institutions have sought creative ways to protect these consumers from fraud. This new service ensures that the owner of a specific account is the only person who is able to access their funds. The new authentication service allows customers with [iPhone](https://www.trendhunter.com/trends/apple-digital-id) models 5S, 6, and 6 Plus to login to the BMO Mobile Banking App quickly and securely. The app is compatible with [Apple](https://www.trendhunter.com/trends/instant-financial-1) Touch ID, which allows users to access their full account with just the touch of a button. By using fingerprints to verify a customer's identity, the app provides users with an added layer of protection against fraud and identity theft. Beyond the added security features, the new authentication service also simplifies the [mobile banking experience](https://www.trendhunter.com/trends/mobile-banking-apps) for customers. Instead of trying to remember multiple different passwords, the service allows customers to simply use their fingerprint as a passcode. ## Trend Insights (Trend Hunter) - Score: 1.7/10 - Popularity: 20% | Activity: 24% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Gadgets](https://www.trendhunter.com/gadgets) ## Key Themes ### Why This Trend Is Growing - **Fingerprint Authentication:** Implementing fingerprint authentication for secure and convenient access to financial services. - **Mobile Banking Security:** Using innovative technologies to protect customers from fraud and identity theft in mobile banking. - **Simplified Authentication:** Streamlining the login process and reducing reliance on passwords through biometric authentication. ### Industries Being Reshaped - **Banking:** Exploring new ways to enhance security and improve user experience in digital banking. - **Technology:** Developing and implementing fingerprint authentication technology for various applications. - **Cybersecurity:** Addressing the growing need for advanced security measures in online and mobile transactions. ## Related on Trend Hunter - [Biometric Banking Technology](https://www.trendhunter.com/trends/biometric-system.md) - [Mobile Banking Verification Applications](https://www.trendhunter.com/trends/bivial-ag.md) - [Biometric Bank-Grade Door Locks](https://www.trendhunter.com/trends/securam-touch.md) - [Fingerprint-Scanning Payment Cards](https://www.trendhunter.com/trends/biometric-payment-cards.md) - [Biometric Debit Cards](https://www.trendhunter.com/trends/biometric-debit-card.md) - [Automated ID Authentication Apps](https://www.trendhunter.com/trends/authentication-apps.md) - [Seamless Biometric Payment Tools](https://www.trendhunter.com/trends/mastercard-1.md) - [Anti-Fraud Bank Accounts](https://www.trendhunter.com/trends/high-security-savings-account.md) - [Biometric Sensor Password Authentication](https://www.trendhunter.com/trends/passkey.md)