Banks Of The Future Will Double As Palm Readers To Protect Our Accounts

palm reader

Photo: Flickr / Lisa Norwood

Despite the proliferation of online banking, brick and mortar banks are still rolling out innovations for the future.The latest? A machine that ID’s people by reading their palms, reports American Banker

The new technology was unveiled by Accenture and the Filene Research Institute last week at a conference for credit unions, which are already proponents of digital banking.

Palm reading could be used in addition to other high-tech tools like QR codes on smartphones and contact-less cards as ways for customers to access their accounts in secure ways. 

Turkey-based Ziraat Bank is already way ahead of us, having already introduced “biometric dependent” ATMs.

Meanwhile, a regional bank in Japan will install the palm-reading devices at several of its branches later this year, reports the AFP.  

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