24 June 2017
visit www.finastra.com

Sumitomo Financial Group trials facial recognition tech

14 December 2016  |  12745 views  |  0 Sumitomo NEC face recognition

Sumitomo Financial Group is testing facial recognition technology from NEC on purchases made by employees at its banking and cards operations.

A six-week trial at Sumitomo Mitsui Banking Corporation (SMBC) will involve 1000 employees using the system to pay for meals at the head office cafetaria. The Sumitomo Mitsui Card trial will run for 10 weeks with 400 staffers plucked from the company's Tokyo head office.

The bank will be testing NEC's NeoFace recognition engine, which matches pre-registered images against an on-the-spot mugshot captured at the POS. Payment for items purchased is automatically deducted from employees' monthly salaries for the following month.

Facial profiles are stored as a series of numerical values to protect user privacy in the event of cyber-intrusions.

"Along with these trials, NEC is improving the functionality, reliability and convenience of identity verification in a variety of areas," says Fumiaki Matsubara, senior vice president, NEC Corporation. "We successfully concluded payment service trials using facial recognition at small shops inside our own head office, and aim to see the commercialisation of these services contribute to greater safety and security in communities throughout the world."
KeywordsBIOMETRICS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard rolls out selfie payments across Europe

MasterCard rolls out selfie payments across Europe

04 October 2016  |  32144 views  |  0 comments | 86 tweets | 136 linkedin
Smile please, you're on HSBC

Smile please, you're on HSBC

05 September 2016  |  8024 views  |  3 comments | 11 tweets | 24 linkedin
Brazilian smartphone bank Neon launches

Brazilian smartphone bank Neon launches

15 July 2016  |  10406 views  |  2 comments | 17 tweets | 26 linkedin
NEC trials facial recognition technology at the POS

NEC trials facial recognition technology at the POS

08 July 2016  |  7294 views  |  0 comments | 6 tweets | 12 linkedin
Ping An speeds up online lending with facial recognition

Ping An speeds up online lending with facial recognition

19 April 2016  |  8530 views  |  0 comments | 8 tweets | 18 linkedin
Following Dutch thumbs up, MasterCard preps major selfie payments roll out

Following Dutch thumbs up, MasterCard preps major selfie payments roll out

22 February 2016  |  12641 views  |  1 comments | 3 tweets | 2 linkedin
Costa Rican bank to roll out facial recognition technology

Costa Rican bank to roll out facial recognition technology

12 January 2016  |  9974 views  |  1 comments | 20 tweets | 28 linkedin
Worldpay trials facial recognition technology

Worldpay trials facial recognition technology

01 October 2015  |  11990 views  |  0 comments | 24 tweets | 39 linkedin
Taiwan bank trials face-recognition ATM

Taiwan bank trials face-recognition ATM

10 August 2015  |  12765 views  |  0 comments | 29 tweets | 22 linkedin
Wells Fargo to usher in voice and facial biometrics for mobile corporate access

Wells Fargo to usher in voice and facial biometrics for mobile corporate access

26 June 2015  |  13886 views  |  1 comments | 20 tweets | 28 linkedin
Chinese firm unveils facial recognition ATM

Chinese firm unveils facial recognition ATM

02 June 2015  |  12753 views  |  3 comments | 27 tweets | 29 linkedin
Japanese bank hires robot suits to help staffers lift heavy cash

Japanese bank hires robot suits to help staffers lift heavy cash

08 May 2015  |  5841 views  |  0 comments | 16 tweets | 3 linkedin
Alibaba unveils 'smile-to-pay' tech

Alibaba unveils 'smile-to-pay' tech

16 March 2015  |  16342 views  |  4 comments | 26 tweets | 23 linkedin
USAA to roll out voice and facial authentication for mobile log-in

USAA to roll out voice and facial authentication for mobile log-in

20 January 2015  |  11461 views  |  2 comments | 17 tweets | 16 linkedin
Costa Rican credit union taps face recognition tech for m-banking authentication

Costa Rican credit union taps face recognition tech for m-banking authentication

31 October 2014  |  9167 views  |  0 comments | 8 tweets | 13 linkedin
Two found guilty in £229 million Sumitomo spyware fraud case

Two found guilty in £229 million Sumitomo spyware fraud case

04 March 2009  |  10571 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit www.finastra.comvisit wavestone-advisors.co.uk

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9433 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9094 views comments | 18 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8591 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8109 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7011 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job