Tencent to work with Chinese govt for biometric banking

MM

Melisande Mual

20 Apr 2015 / 5 Min Read

Remote account opening will rely on facial recognition on both desktop computers and smartphones.

According to a Bloomberg report, the Megvii application Alipay would use accesses facial scans held in a Ministry of Public Security database drawn from legal identification files on about 1.3 billion citizens.

Meanwhile, Chinas central bank is currently soliciting opinions on a draft rule that would allow people to open bank accounts remotely.

Countries:
MM

Melisande Mual

20 Apr 2015 / 5 Min Read

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