The Bank of America has announced that the Bank will integrate fingerprint-based 2-factor authentication into its online banking setup. Following the recent security beaches, the Bank indicated that it wasn’t limited to Equifax. One of the major American financial institutions will start Online Connect system of Intel in order to ensure the security of its customers at some levels in 2018. The Online Connect attaches security features built into Windows machines running Intel authentication. In the case of the Bank of America, it will automatically input your finger-scanned credentials once you will enable 2-factor security on secure websites.
Most financial experts believe that presenting new more secure system adopted by the Bank of America will bring more satisfaction to its customers. It will also attract more customers to participate in the secure banking system presented by the Bank of America. The officials of the Bank of America have confirmed that only customers having the hardware for Online Connect of Intel will be able to access this specific authentication system. The major American financial institution also pointed out that the facial recognition scanner of iPhone X can be used in lieu of other authentication. It will be a great news for those who already planning to buy a smart-phone and scan their face or anything else.