đŸ”— Share this article JP Morgan Requires Fingerprint or Eye Scans for Corporate HQ Access The banking leader has notified employees assigned to its new corporate base in Manhattan that they must submit their biological identifiers to access the multibillion-dollar skyscraper. Move from Discretionary to Compulsory The financial firm had originally envisioned for the registration of physical identifiers at its Manhattan high-rise to be discretionary. Nevertheless, staff of the leading financial institution who have begun work at the corporate hub since this summer have obtained emails stating that biometric access was now "mandatory". The Technology Behind Entry The new entry system requires staff to provide their eye patterns to enter access portals in the entrance area in place of swiping their access passes. Building Specifications and Capacity The bank's headquarters, which apparently cost $3bn to build, will in time act as a base for 10,000 workers once it is entirely staffed before year-end. Protection Reasoning The financial company declined to comment but it is understood that the implementation of biometric data for access is intended to make the building more secure. Exemption Provisions There are exceptions for some employees who will still be able to use a ID card for admission, although the standards for who will use more standard badge entry remains unspecified. Complementary Digital Tools Complementing the deployment of physical identifier systems, the organization has also launched the "Corporate Access" smartphone application, which serves as a digital badge and portal for worker amenities. The application permits employees to manage external entry, navigate indoor maps of the premises and pre-order meals from the building's 19 food service providers. Industry-Wide Trends The deployment of tighter entry controls comes as American companies, particularly those with substantial activities in NYC, look to enhance safety following the attack of the chief executive of one of the leading healthcare providers in summer. The CEO, the head of the insurance giant, was the victim of the attack not far from the financial district. Future Expansion Possibilities It is uncertain if JP Morgan intends to introduce biometric access for staff at its branches in other key banking hubs, such as the British financial district. Broader Workplace Monitoring Trends The move comes amid discussion over the use of digital tools to track workers by their companies, including observing office attendance levels. In recent months, all staff members on flexible arrangements were instructed they have to report to the physical location five days a week. Management Commentary The bank's chief executive, Jamie Dimon, has characterized the company's recently opened tower as a "beautiful physical manifestation" of the organization. Dimon, one of the world's most powerful bankers, recently cautioned that the probability of the US stock market experiencing a decline was far greater than many investors anticipated.