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News

RBC reveals AI and NFC identity verification solutions

Tuesday 17 March 2020 10:53 CET | News

The Royal Bank of Canada (RBC) has announced that it is using artificial intelligence and near-field communications (NFC) tech to verify clients’ identities when opening an account in branch digitally.

 

RBC is making use of AI in its Mobile App to check a client’s government-issued identification against the security features and characteristics of driver’s licenses and passports. It also uses NFC so that clients can tap the electronic chip on the advanced versions of Passports, also known as ePassports.

The digital government identity verification solutions is meant to help the bank build a better relationship between its advisors and clients. Once a client’s ID is scanned through the Mobile App, that information is automatically entered into their account profile on an advisor’s computer. This offers clients a reliable connection between the branch and the App. The solution also reduced the need of clients to share detailed information of themselves than necessary when opening an account.

More: Link


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Keywords: RBC, launch, digital identity verification, government, Canada, mobile app, PassPort, driver’s licenses, bank
Categories: Fraud & Financial Crime
Companies:
Countries: Canada
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Fraud & Financial Crime

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