China Minsheng Bank

China Minsheng Bank’s app has deployed FIDO authentication solution in both Android and iOS devices. Users could both login and make transactions with both fingerprint and iris. It is also the first bank in the world to make payment with iris via iris-enabled device, e.g. Samsung S8.

China Minsheng Bank was formally established in Beijing on 12 January 1996. It is China’s first national joint-stock commercial bank initiated and funded mainly by non-state-owned enterprises.

Over the past 20 years since establishment, accompanied by the rapid growth of China’s economy and supported by customers and various circles of society, China Minsheng bank has been taking full advantages of “new bank, new mechanism”, and has grown from a small bank with only RMB1,380 million of initially registered capital into a large-scale commercial bank with RMB320,000 million of core capital, more than RMB5,200,000 million of total assets, nearly 3,000 branches and outlets, and almost 60,000 employees. In the Top 1000 World Banks ranking released by The Banker magazine in July 2016, China Minsheng Bank was ranked at No. 33; in the Global 500 list published by Fortune magazine in July 2016, China Minsheng Bank stood at No. 221.

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