Chinese firm unveils facial recognition ATM

Chinese firm unveils facial recognition ATM

Engineers in China have developed what is thought to be the world's first cash machine to ditch PINs in favour of facial recognition technology.

Built by Tsinghua University and Hangzhou-based Tzekwan Technology, the ATM uses a camera to scan the faces of customers and then compares them to images on file to identify them, according to the official Xinhua news agency.

According to the Daily Mail, Tzekwan Technology chairman Gu Zikun says that the technology has been cleared for use by China's financial services firms.

Although Tzekwan says that this is the first ATM to use facial recognition technology, Chinese e-commerce giant Alibaba recently revealed that it is could soon enable mobile shoppers to replace their passwords with selfies.

In other parts of the world, noticeably Japan, fingerprint and finger vein technology has long been used to identify cash machine users.

Comments: (3)

A Finextra member
A Finextra member 03 June, 2015, 16:21Be the first to give this comment the thumbs up 0 likes

There is much interest in biometric identification in China but the PBOC has reportedly recently implemented a new policy that will prevent banks from verifying the identities of new customers using biometric data unless they meet a set of criteria.

A Finextra member
A Finextra member 04 June, 2015, 02:52Be the first to give this comment the thumbs up 0 likes

BTW in China is a face recognition system in a test phase at a railway station in Guangzhou that can identify 5 faces / second in a crowd and match the data against a database to detect criminals. 

Steve Murphy
Steve Murphy - Murphy Research and Consulting - new york 05 June, 2015, 03:44Be the first to give this comment the thumbs up 0 likes

referring to a smaller and faster opponent in an upcoming bout, the American heavyweight boxer Joe Louis was alleged to have said "he can run, be he can't hide"....that is essentially where technology will take the individual in modern society, regardless of intent

 

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