His idea being that your biometric data is not really secret (i.e. in the case of fingerprints or face, it's attached to your body and easily observable), and also that it cannot be changed (easily, with today's technology). If someone gets their hands on your fingerprints or retina scan, you can't "change your password".
His point was that biometrics are really useful for stuff like KYC when you get a bank account (where bank employees can feel pretty sure that they are really scanning your eyeball and not a picture of your eyeball reproduced for the camera), but not such a good idea for stuff like "are you allowed to access this ATM machine?". Also, while identity theft sucks, getting your password stolen is painless, whereas someone chopping off your thumbs to squish them up to an ATM machine is a less pleasant experience.