Deutsche Bank mobile account login without password

Deutsche Bank is going to introduce mobile phone technology that analyses over 50 different factors to build up a picture of a user form pressure applied to the pinpad to how the phone is held, location, facial recognition and fingerprint and create a profile of the way people touch and handle their devices as a security check. Zia Hayat CEO of Callsign the company working with Deutsche Bank says “If I stole your mobile, and I got hold of your pin number and biometric (fingerprint) and I was trying to impersonate you in some way, just because I could not do that doesn’t mean that I am you.”

Banking by smartphone and tablet has become the cutting edge technology and are leading way customers to manage their financial affairs, as mobile banking overtakes branches and internet as most popular way to bank.

The Bank is confident the system will free customers from remembering passwords and allow it to lift limits on mobile transactions.

Philip Gilligan, head of innovation at Deutsche, said that having such a high degree of confidence about who was accessing an account would allow the bank to let customers to execute higher value transactions. This will also benefit wealthy customers who want to move large funds with ease.

MasterCard is already testing facial recognition dubbed as “selfie pay” and voice recognition.

Barclays last year tested a biometric reader that identifies clients through blood flow to their finger tip, which the corporate clients are using.