FB pixel

HSBC introduces facial recognition to its mobile banking app in China


HSBC has introduced facial recognition capabilities in its mobile banking application for customers in China.

Using the biometric authentication option, HSBC’s Chinese customers can open their HSBC mobile app, blink at their camera using the selfie mode and transfer up to RMB50,000 (just over US$7,500) a day, make payments and add new payees to their account as part of a broader technological outreach program. Customers identity will be checked against the photo stored in bank’s database.

In addition, the bank also launched Video Teller Machines in Guangzhou and Shenzhen and Touch ID mobile banking applications in the region.

A recent HSBC survey found that nearly half of people interviewed in China believe facial recognition to be useful, which represents 16 percent above the global average.

The same study found that Chinese consumers embrace mobile payments to a greater degree than global averages, with the country’s mobile payments increasing by 31 percent on a year over year basis to reach 470 million in 2016.

“Digital technology is rapidly evolving and customers are now able to bank more simply, quickly and in the most secure way possible,” said Andrew Connell, head of digital (ASP) and innovation and partnerships at HSBC. “There’s a whole generation of consumers becoming more comfortable with technology.”

In June, a report by The Financial Times found that China’s technology firms are rushing to apply the commercial use of facial recognition technology, bypassing the same privacy concerns that have slowed the roll out of the technology in Western markets.

Article Topics

 |   |   | 

Latest Biometrics News


City of Clemson pilots Intellicheck ID verification to prevent underage drinking

Identity verification provider Intellicheck and the city of Clemson have launched a 12 month pilot program that uses identity verification…


Rumors of liveness detection’s defeat have been greatly exaggerated

Photo and video face filters are perhaps the most mainstream use case for augmented reality –  and an illustrative test…


Companies House takes new measures to fraud fight, but not biometric IDV

Companies House, the UK’s business registry, has begun rolling out new tools to fight fraud and help cleanse the register…


Mitek: quarterlies, annuals, SEC actions

April 4, 2024 – Mitek is getting back on track with its financial reporting, which may be more reflective of the…


Jamaica parliament soon to receive draft digital ID regulation for scrutiny

Plans are being finalized to send the draft regulation on Jamaica’s digital ID program to the country’s parliament for examination…


US launches PKI system to make mobile driver’s licenses interoperable, easy to use

The Digital Trust Service being set up by the American Association of Motor Vehicle Administrators (AAMVA) to ease the use…


Leave a Reply

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

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events