Biometrics feature in IBM’s ‘bank of the future’
IBM has invested a quarter of a billion dollars in a ‘mock bank’ intended to showcase future technology, designed to protect and monitor activity in the so-called Armonk.
Financial services executives will be allowed into the bank to gain a window into the technologies set to enhance their future operations.
The facility includes a surveillance system that monitors how much time customers spend in different sections of the branch and to what extent they are viewing product displays, biometric authentication devices that recognize users through the veins in their fingers, and automated teller machines that take deposits and recycle the cash for dispensing.
Big Blue has set up similar facilities in the U.S., China, and Europe.