OCBC Bank has introduced a new and more accessible business banking application that uses digital innovations. With the application, smartphone customers can log in to their accounts via fingerprint scan.
OCBC Bank is the first bank that uses an application with biometric authentication that allows Singapore-registered users of the bank to check their balances for credit cards and any transactions of their banking accounts without the need to use their passwords and user ID’s in order to log in to their accounts.
The business banking application was developed as a response to high demand from customers. According toOCBC Bank, internal studies have shown an increase in mobile data usage in Singapore in the last three years.
Smartphone users would like to perform different tasks such as checking the status of funds and viewing debit card transactions at the touch of a finger. The customers especially like to have the option to check their business accounts while on the go.
The business banking mobile application provides an easy access and security for customers. More than 120,000 customers will have an advantage of the opportunity.