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JP Morgan Chase has informed staff members assigned to its new corporate base in NYC that they are required to submit their physical characteristics to enter the multi-billion skyscraper.

Change from Optional to Required

The banking corporation had originally envisioned for the registration of employee biometrics at its new high-rise to be optional.

However, employees of the leading financial institution who have commenced employment at the new headquarters since August have been sent emails stating that biometric entry was now "mandatory".

How Biometric Access Works

This security method necessitates staff to scan their eye patterns to enter security gates in the entrance area instead of swiping their access passes.

Building Specifications and Capacity

The bank's headquarters, which reportedly cost $3bn to construct, will eventually act as a workplace for thousands of staff members once it is fully occupied before year-end.

Security Rationale

JP Morgan did not provide a statement but it is believed that the implementation of biometric data for access is intended to make the premises more secure.

Special Cases

There are exemptions for certain staff members who will retain the ability to use a badge for access, although the standards for who will use more standard badge entry remains undefined.

Supporting Mobile Applications

In addition to the introduction of physical identifier systems, the organization has also introduced the "JPMC Work" mobile app, which acts as a electronic pass and center for worker amenities.

The platform enables staff to handle visitor access, use building layouts of the facility and arrange in advance meals from the building's 19 on-site dining vendors.

Industry-Wide Trends

The implementation of tighter entry controls comes as American companies, especially those with substantial activities in the city, look to strengthen protection following the attack of the top executive of one of the biggest American insurance companies in July.

The executive, the head of the healthcare company, was killed in the incident not far from JP Morgan's offices.

Future Expansion Possibilities

It is unclear if the financial firm intends to introduce the biometric system for staff at its offices in other important economic centers, such as London.

Employee Tracking Developments

The move comes amid controversy over the implementation of systems to observe staff by their organizations, including tracking office attendance levels.

Earlier this year, all JP Morgan workers on flexible arrangements were instructed they are required to come back to the office full-time.

Management Commentary

The company's leader, the prominent banker, has referred to JP Morgan's new tower as a "tangible expression" of the institution.

Dimon, one of the global financial leaders, this week warned that the likelihood of the US stock market crashing was much more substantial than many investors anticipated.