Singapore’s OCBC Bank has launched a new and more convenient business mobile banking application with biometric authentication, which is a first in the country. Singapore-registered users of OCBC’s business internet banking portal, Velocity@ocbc, will be able to access their account balances and transactional activities using fingerprint recognition, without the need to log in using user ID and password. More than 120,000 customers are expected to benefit from this application, anytime and anywhere, even when they are overseas. The new app – The OCBC Business Mobile Banking app – features OCBC OneTouch which leverages Apple’s Touch ID technology. OCBC had developed the mobile app after studies have shown a 30% increase in the number of calls from customers enquiring about their business account information in the last three years. OCBC OneTouch is available on Touch ID enabled Apple iPhones, such as iPhone 5s and newer models that run on at least iOS 8 operating system.
