Two African banks are launching authentication with facial biometrics for financial services.
Nariametrics reports Access Bank in Nigeria is introducing a new facial biometric payment system to verify customer identity and authorise retail transactions without passwords.
Access Bank says its technology will provide fast, seamless and convenient payments without using a card.
The bank also claims the biometric payment system can help ease payments for individuals who are not comfortable with internet banking or mobile apps, such as the elderly.
According to Biometric Update, South Africa’s Standard Bank, meanwhile, has added facial recognition to its mobile app.
Standard Bank offered fingerprint biometrics as far back as 2015, and more recently rolled out multi-factor authentication (MFA) with QR codes and fingerprints.
Biometric Update reports that Standard Bank worked with iiDentifii and South Africa’s Department of Home Affairs to bring the new DigiMe mobile banking security offering to market.
“It is critical for Standard Bank to be one step ahead in the race to provide safe and secure digital banking,” Andrew van der Hoven, Standard Bank Head of Digital Banking, said.
“This means implementing systems and controls that keep up with the evolution of customer preferences and cyber risks.”
The Keesing Platform team brings you the latest in various fields, including security documents, security printing, banknotes, identity management, biometrics, blockchain, crypto technology and online onboarding.