Taiwan's CTBC Bank To Pilot Face Recognition ATM Machine

Taiwan's CTBC Bank To Pilot Face Recognition ATM Machine
10.08.2015 01:00 am

Taiwan's CTBC Bank To Pilot Face Recognition ATM Machine


Taiwan's CTBC Bank has launched a pilot version of an ATM that uses both facial recognition and finger-vein scanning to verify identity.

Should the trail be successful, users will be able to withdraw funds without the use of a card or a PIN. The pilot project comes just weeks after engineers in China claimed to have developed the first ever cash machine to use facial recognition technology.

The finger-vein technique, VeinID, was created by Japanese company Hitachi. It uses light to read the unique pattern of veins inside the finger. Hitachi says that, unlike fingerprints, vein patterns are extremely difficult to spoof or replicate and the scanned finger must be attached to a live human body for authentication.

VeinID technolopgy is already used by banks for password replacement, single sign-on and ATM access in Japan, North America and Europe. In the UK the tech was introduced to Barclays corporate customers last year to log onto their online accounts.

The bank's pilot programme, launched as part of the bank's digital services strategy, also uses the biometrics for employees at the CTBC Financial Park in Taipei’s Nangang Business Park.


Related News

Belgian Banking Joint Venture JoFiCo Chooses Diebold Nixdorf As Its Sole Partner In Comprehensive ATM As A Service Agreement

Diebold Nixdorf, a global leader in driving connected commerce for the banking and retail industries, announced today it signed an ... Read more »

Discover remains the most widely accepted card scheme worldwide

The influence of China on global card acceptance is shown by the fact that Discover is accepted at more outlets than Visa and Mastercard as a result of agreements with... Read more »

PayNearby launches Micro ATM at nearby retailer shops to address the issue of ATMs running dry

PayNearby, India’s leading hyperlocal FinTech network is on a mission of building an eco-system that will redefine access to financial services for the underbanked. As part of... Read more »

Financial inclusion continues to drive ATM growth in Asia

Asia-Pacific is home to almost half of the world’s ATMs, and within this vast region, some countries continue to witness impressive growth, whilst others have started to... Read more »

Sberbank clients get ‘personalised’ ATMs

Sberbank has personalised the menu of its ATMs. Now, after a client enters their PIN code they will see a main screen that features the options they have used the most in the... Read more »

Rise in Cybercrime Tops the Agenda at ATM & Cyber Security 2019

Recent high profile cyber attacks and increasingly sophisticated threats to ATMs are creating a challenging security environment for the banking industry. At RBR’s ATM &... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel