Practical Application of Facial Recognition Technology

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relemedf5w023
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Practical Application of Facial Recognition Technology

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Client Identification Methods
The most advanced method of identity verification is biometrics. Common methods of biometric identification are recognizing a person by their face, iris, or fingerprints.

Face recognition is the most convenient authentication method for financial institutions. Implementation of the technology does not require additional technical means. ATMs, mobile devices and bank branches are initially equipped with digital cameras. Installing face recognition software adds functionality to an existing system.

The possibilities for using facial recognition are varied. Two-factor authentication allows: to conduct more routine banking operations remotely, to personalize the approach to the client and to prevent kuwait whatsapp data attempts.

Routine operations at self-service terminals
Withdrawing cash from an account via an ATM has become a daily occurrence for modern consumers. However, in order to withdraw large amounts of money, a bank client usually has to take a number of additional steps to verify security. AML regulations directly affect the amount of money available for withdrawal without additional identification. Two-factor authentication helps confirm the client's identity without their presence at the bank, opening access to large financial transactions.

On the other hand, biometric identification solves the problem of unauthorized use of a bank card. From a legal point of view, only the owner or a legally authorized person can use a bank card. Authentication of the ATM user by PIN code and biometric data will not allow an outsider to perform a transaction. Also, if several people try to use one card, the account can be automatically frozen until the circumstances are clarified.
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