Seven Bank is preparing to add facial recognition technology to its ATM machines from as early as Q3 2019. The company has been testing the new system in a pilot program at seven of its branches across Australia. Currently, someone seeking to set up an account is required to send in an identification document. Seven Banks is looking into allowing other online and regional banks to open accounts through the ATMs. It currently has 24,000 machines throughout Japan, with more set to be installed.
Seven Bank is preparing to add facial recognition technology to its ATM machines from as early as Q3 2019. The Japanese bank’s new service would let people wanting to open a bank account confirm their identity within seconds by scanning a photo identification and having their picture taken by a high-precision camera. Currently, someone seeking to set up an account is required to send in an identification document. Seven Banks is looking into allowing other online and regional banks to open accounts through the ATMs. It currently has 24,000 machines throughout Japan, with more set to be installed.