Wells Fargo and Canadian branchless bank Tangerine announced they will start using a new biometric technology called eyeprint authentication from tech startup EyeVerify The technology creates a digital map of a person’s eye through a smartphone camera by analyzing details such as blood vessels This greatly enhances security for the consumer and conveniently eliminates passwords Wells Fargo intends to integrate the technology shortly for commercial customers Tangerine already included it in its newest iOS app update this week
