By Steve Viuker
Many years ago, in the days of catchy bank slogans, Chemical Bank’s was, “When Your Needs Are Financial, Your Reaction Is Chemical.” With an “eye” to the future, that slogan is once again relevant.
However, the “chemical” is now biometric technology, referring to the collection and use of biological data and behavioral characteristics. These next-generation identification controls are being used to combat fraud and make transactions more secure.
“Glass-Steagall is dumb politics and dumb economics … returning to Glass-Steagall would be destructive and unworkable,” said Tony Fratto, managing partner in Washington at Hamilton Place Strategies, a lobbying firm that represents large banks.
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