Australia's St George Bank implements biometrics for mobile banking

Australian financial institution St George Bank announced it has implemented fingerprint login for its mobile banking service.

St George's TouchID functionality will be offered for the iPhone 5S with the expected September release of iOS8, as well on the Galaxy 5 later this year.

According to CIO Dhiren Kulkarni, St George Bank will not store its customers' fingerprint data on its databases, but instead it will use Apple's application interface to link its mobile banking app with the fingerprint identification service that is offered on the iPhone 5S.

St George is one of the first global banks to offer internet banking, mobile banking apps, and support for wearables, which includes a Google Glass banking app once the device is released locally.

A Deloitte's Centre for Financial Services survey published in May found that 63% of respondents considered biometrics valuable in general, while few of them trusted the technology as a payments enabler.