India updating ATMs to include facial recognition tech
India’s Automated teller machines (ATMs) will be replaced in the next three to four months with new multi-function biometric-enabled machines, according to a report by India.com.
NCR Corporation said that bank ATMs will be replaced with new machines that have biometric face recognition features, which will improve the overall security.
As a global leader in omnichannel solutions, NCR Corporation has a 50 percent ATM market share in India. The company’s Hyderabad-based R&D center develops Interactive Teller ATM and EMV contactless ATM.
With the replacement of the old ATM machines in metro cities, which were deployed 8 to 10 years ago, existing ones will be moved to smaller cities.
NCR believes that with the replacement of existing ATMs, the ATM market would return to a 9 percent annual growth rate as the shift to a cashless economy is expected to take some time.
The R&D center would focus on the development of innovative technologies to help customers across a range of industries, according to Paul Langenbahn, executive vice president of NCR Software.
Meanwhile, Eli Rosner, chief technology officer of NCR Corporation said the center will be developing and supporting software and services that global institutions use to provide self-service applications to their consumers.
Since 2004, NCR’s manufacturing facility in Chennai has manufactured 200,000 ATMs. The company has successfully exported 70 percent of these ATMs.
Earlier this year, India`s DCB Bank introduced an Aadhaar-based ATM where a customer can initiate transactions using their Aadhaar number and biometric details instead of a PIN.