JP Morgan Demands Biometric Data for Main Office Entry
The financial institution has told personnel assigned to its recently built corporate base in Manhattan that they have to submit their biological identifiers to gain entry the multi-billion structure.
Move from Discretionary to Compulsory
The banking corporation had previously planned for the enrollment of biometric data at its recently opened skyscraper to be voluntary.
Yet, workers of the biggest American bank who have commenced employment at the new headquarters since this summer have been sent emails stating that biometric access was now "mandatory".
Understanding the Biometric System
The new entry system requires employees to submit their eye patterns to enter entry points in the entrance area rather than scanning their ID badges.
Office Complex Information
The main office building, which apparently was built for $3bn to build, will ultimately act as a home for thousands of workers once it is entirely staffed later this year.
Security Rationale
The banking institution opted not to respond but it is assumed that the employment of biological markers for access is intended to make the building safer.
Special Cases
There are exceptions for certain staff members who will retain the ability to use a badge for access, although the criteria for who will use more conventional entry methods remains undefined.
Complementary Digital Tools
Alongside the deployment of physical identifier systems, the bank has also released the "Corporate Access" smartphone application, which acts as a digital badge and center for staff resources.
The app allows employees to handle guest registration, explore indoor maps of the building and arrange in advance food from the premises' multiple food service providers.
Broader Safety Concerns
The deployment of tighter entry controls comes as American companies, especially those with significant operations in NYC, look to strengthen protection following the attack of the CEO of one of the US's largest health insurers in summer.
The executive, the leader of the healthcare company, was the victim of the attack not far from the bank's location.
Additional Office Considerations
It is unclear if JP Morgan aims to implement the biometric system for employees at its offices in other major financial centres, such as London.
Employee Tracking Developments
The move comes amid controversy over the implementation of digital tools to track workers by their employers, including observing office attendance levels.
Previously, all staff members on mixed remote-office plans were instructed they must return to the workplace five days a week.
Executive Perspective
The company's leader, Jamie Dimon, has referred to the company's recently opened skyscraper as a "impressive representation" of the organization.
The banker, one of the world's most powerful bankers, this week warned that the probability of the American markets crashing was far greater than many market participants anticipated.