Wave Systems Corp. (fka WAVXQ)

[Genz2]

Windows 10: Bank says no plans to roll out Windows Hello after pilot project

https://www.zdnet.com/article/windows-10-bank-says-no-plans-to-roll-out-windows-hello-after-pilot-project/?ftag=COS-05-10aaa0g&utm_campaign=trueAnthem:+Trending+Content&utm_content=5cc0b9660cef930001bd46ed&utm_medium=trueAnthem&utm_source=twitter

Banking group tested out biometric authentication using Windows 10 last year.

Lloyds Banking Group has said it has no current plans to roll out the Windows Hello security feature as part of its banking service following a trial of the Windows 10 biometric security feature last year.

Back in 2017, the UK banking group said it was going to test the biometric authentication service, which allows users to log into their Windows 10 devices using a fingerprint or facial recognition.

Lloyds ran the pilot to test out the Windows Hello functionality with Windows 10 users accessing their bank accounts online, giving users the option to log in to their accounts using their face or fingerprint instead of typing in their passwords.

The idea is that using biometrics is faster – users should be recognised in less than two seconds – and more secure than a password that could be forgotten or guessed. The biometric data is stored locally on the device.

At the time, Lloyds said it was the first banking group in the UK to work with Microsoft and planned to test the biometric authentication system with customers logging into their Lloyds Bank, Halifax and Bank of Scotland internet-banking sites.

The bank said it completed the trial in the spring and summer of last year. When it initially announced the trial, the bank said the results would be be analysed "before a full launch is considered," and now the bank has said that no rollout is planned.

In a statement the bank told ZDNet: "We regularly trial new software including Windows Hello. There are no current plans to roll this software out following the trial."

Biometrics are increasingly used in banking; telephone banking services have used voiceprints to identify customers for some time and banks are now adding fingerprint technology to payment cards too.
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Wave VSC 2.0 and Wave Knowd (currently in retirement) are two great solutions that could help Lloyds and other organizations!!! Wave's two authentication solutions have been tested by well renowned companies! Windows Hello and Wave VSC 2.0 are a feature and solution in the 2FA market. Wave VSC 2.0 works with Windows 7, 8, 8.1 and 10 so Lloyds not using Windows Hello after pilots should open the market up to Wave VSC 2.0 and Wave Knowd (if not in retirement)!! Wave Knowd did some testing under the auspices of NSTIC and Wave VSC 2.0 landed a 5 year master license agreement with a leading global financial services company after successful testing with them. It seems that if Windows Hello didn't work in this instance there could be more reasons that Wave VSC 2.0 would be a better solution for organizations! Wave VSC 2.0 could have positive applications for Lloyds directly in their business that could be missing with Windows Hello. Wave Knowd could provide the bank and its customers with a great authentication solution!! Please see titles and links below.
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https://www.wavesys.com/products/wave-virtual-smart-card

https://www.wavesys.com/buzz/pr/wave-announces-5-year-master-license-agreement-virtual-smart-card-20-leading-global

Wave Announces 5-Year Master License Agreement for Virtual Smart Card 2.0 with Leading Global Financial Services Company

https://www.wavesys.com/buzz/pr/wave-knowd-introduces-new-model-internet-authentication-without-passwords

Wave Knowd Introduces New Model for Internet Authentication Without Passwords

Knowd ‘Trust Score’ Assures User Identity when Accessing Web Services