Comment by JambalayaJimbo

So first of all, usability features are security features. There is the classic example of an uncrackable 18 character random password string that only results in frequent password reset attempts and the bank’s support staff getting totally overwhelmed.

We can have a discussion about FaceID specifically, but “convenience” is not considered trivial within the security sphere.

Second, I work for a (very large) bank, and you actually do not want to trust them with your biometric data directly. You can be absolutely assured of the privacy of your biometric data with the bank, better than with a Silicon Valley tech company. But I would not trust the bank’s data scientists to come up with a model that will not have an extremely high rate of false positives and negatives.

The reality is, if such an initiative was started at a bank, it would be shuttered after years of delays.