London-based FinTech firm Humaniq has announced further improvements to its application with a new smart bio-identification system for outgoing transactions. Humaniq recently announced additional bioID settings will as an extra safeguard be integrated into the Humaniq app, which has had over 100,000 downloads in the Google Play store .
This technology a specific behavioural pattern for every wallet activated in the app to be identified and allows the tracking of executed transactions to ensure they comply with a user’s pattern of transactions. If transactions are detected as not fitting this pattern for a user, Humaniq’s smart system will request further biometric identification data. The more transactions a user carries out, the more detailed and thorough the profiling of their wallet is.