Bank of Thailand biometric security pilot hits a snag

09-Oct-2019 Intellasia | PaymentsSource | 6:02 AM Print This Post

None of the 10 financial institutions in the Bank of Thailand’s electronic know your customer verification test have completed the trial, raising a red flag for the myriad biometric risk projects underway.

Biometrics are making a splash as numerous banks and financial institutions test various forms for payments and e-KYC. Last November Intesa Sanpaolo and Fingerprints AB launched a biometric payment card pilot in Italy that would use fingerprints. Meanwhile Chinese payments firm Alipay is already on its second version of facial biometrics called Dragonfly to verify customer identities when making payments through its network…


Category: Thailand

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