The study conducted in February on behalf of credit reference agency Equifax involved 2,090 UK adults.
In the survey, 32% of respondents preferred passwords as their security method, while 31% opted for fingerprint recognition technology.
Further, 21% of respondents said they would like to access bank accounts by answering security questions, while 3% preferred voice recognition solutions.
The survey revealed that 45% of respondents get frustrated with access banking and other financial service websites as they have to remember passwords and security answers.
Another 25% said they are not interested in using additional devices to login into online financial accounts.
Equifax fraud and identity expert John Marsden told media sources: "As technology evolves, we are seeing a shift in security preferences online.
"New biometric technologies could potentially see traditional means for authenticating identity online, such as passwords and security questions, become a thing of the past."
According to the study, plans are also underway for a new system, which would be developed to verify the identity of internet users who have plans to open new bank account.
Image: Fingerprint technology can expedite customers’ transactions. Photo: courtesy of thawats/ FreeDigitalPhotos.net
