Financial Services (105)
The ATM that greases your palm
In Japan, the Ogaki Kyoritsu Bank will offer card free ATM machines. Using only your pin code and your birthdate, the ATM will scan the palm of your hand to verify your identity. The bank offers this service to make sure you can always withdraw money, whether you forgot your wallet, you lost your card or you’ve been caught in a natural disaster.
Why it matters
The Ogaki Kyoritsu Bank is looking at new techniques to solve a problem caused by everyday (and extraordinary) misfortunes. What natural barriers in our services can we remove to optimize our service?
Turkish bank Garanti have upped the ante in the mobile banking segment by enriching the quality of their mobile banking service and content using the latest in 3G technology. Users can access video-based daily market reviews as well as having the option of applying for mortgage and credit cards via video calls on their phone.
More than 50 per cent of the UAE's population of roughly 6 million are labourers, most of whom are not being served properly by the country's banking system. Dunia Finance LLC has pledged a commitment to reach out to the entire spectrum of society by engaging in responsible lending.