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DCB Bank to introduce iris scan for authentication

DCB Bank is proposing to introduce iris scan system using Aadhaar for authentication soon, including opening bank accounts. According to news reports, the bank has successfully done a pilot at some 10 branches in rural and semi-urban areas. Murali M. Natrajan, MD and CEO of the bank, said the bank already has ATMs which does not require debit cards or PIN and transactions can be done using a customer’s Aadhaar number. In addition to fingerprint, it is now proposed to use iris scan to authenticate a person with Aadhaar, he added. For opening an account, a customer only has to share his Aadhaar number, and using an iris scan-enabled phablet, the bank will scan the iris and the Aadhaar details are retrieved from the Aadhaar database.  The bank operates nearly 70 Aadhaar-based ATMs in the country

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