How safe is fingertip banking?Earlier we used to come across catch phrases like 'banking your finger tips' etc. Such catch phrases were used to promote mobile banking apps. The catch phrases meant that you can use your finger tips for operating touch pad of smart phones for banking transactions.
However recently IndusInd bank has introduced 'fingertip banking' which enables the users to carry out end to end financial transactions using their fingertip biometrics instead of passwords.
Earlier the DCB had launched biometrics based ATM machine in Bengaluru.
Now people will no longer required to memorize passwords for financial transactions which using such systems.
How safe is fingertip banking?