HSBC uses facial recognition so customers can open new bank accounts with a selfie

Banks around the world are embracing biometrics as a way of securing customers’ accounts. HSBC is taking things in a slightly different direction, however, giving business customers the ability to open a new account using a selfie.

While the selfie alone is not enough to open a bank account, it is used as part of the identity verification process. It uses facial recognition software to analyse a selfie taken on a smartphone.

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Story added 5. September 2016, content source with full text you can find at link above.