FB pixel

Russia’s biggest bank testing biometric security measures

 

In an effort to decrease the need for bank cards, Sberbank, Russia’s biggest bank, is working on biometric security measures including voice and image recognition with an accuracy of 99.9 percent, according to a report in RT.

In an interview with Izvestia newspaper, a Sberbank spokesperson said that the voice recognition service will be offered to all the clients throughout Russia, and limited testing is already underway in Moscow. The bank also emphasized that the technology can identify if a person is calling under duress or when fraudsters steal customer information.

According to media reports, Sberbank is actively buying ATMs with biometrics technology for customer authentication and that when the bank launches its new platform in 2018, the use of bank cards as a payment instrument will decline sharply.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Cyber Threat Observatory workshop advises on protections for national digital ID systems

The Alan Turing Institute launched the Cyber Threat Observatory last year to monitor cyber threats to digital ID systems. The…

 

Kyrgyzstan state printer wades into biometric passport market with Namibia deal

A shipment of 130,000 biometric passports has been sent from Kyrgyzstan to Namibia, after a contract was signed between the…

 

Spanish law among most comprehensive for age checks, kids’ online safety

Among EU nations pursuing child online safety legislation and age verification tools, Spain has been at the forefront. It has…

 

UN cautions govts to safeguard human rights in AI procurement

AI is a major trend of this decade with advancements in the technology having an effect across society, for both…

 

Optimistic plan would pair universal legal identity with basic income program

A new paper calls the lack of legal identity for millions of people around the world one of the “most…

 

Facia declares breakthrough deepfake detection scores

Facia has reached the point where it is scoring perfect accuracy for deepfake detection on third-party datasets, including Meta’s. The…

Comments

14 Replies to “Russia’s biggest bank testing biometric security measures”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events