Apple® iPhone® X Users Can Now Access MassMutual’s RetireSMART(SM) Mobile App For Retirement Savers Through Facial Recognition
With Face ID®, iPhone X unlocks only when the user is looking at it, according to Apple. Face ID is designed to protect against trickery by photos and masks. Each user's Face ID information is encrypted and protected by Secure Enclave, so the data doesn't leave the mobile device and is never backed up to iCloud or anywhere else, according to Apple.
"In today's mobile world, smartphone users want to apply the latest technology to everything in their lives, including their retirement savings," said
The RetireSMART mobile app dashboard has also been updated for both Apple and Android smartphones, providing users with more information than ever to better manage their retirement savings. The new information includes retirement savings balances based on the "as of date" for one, seven, 30 and 90 days; rates of return based on year-to-date contributions by the saver or by employers that provide matching contributions; and retirement savings broken out by assets, including cash, stocks, bonds and overall asset allocation.
RetireSMART app users already could use their smartphones to change how much they automatically contribute to their retirement plan each pay period as well as access information about their total account balance, balances by source and investment, vested balance by source, last contribution amount, asset allocation by investment and their personal rate of return. In addition, smartphone users who use their thumb print as a secure password to access their smartphones can do the same to connect with their RetireSMART app.
The RetireSMART app is available free for Apple® and AndroidTM smartphones through the Apple App Store® and Google PlayTM store, respectively, to retirement savers who already access their account through
The availability of facial recognition to iPhone X users and other enhancements is part of a broad mobile technology strategy with the objective of making it easier for
"Customer security has always been a top priority at
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