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Saudi Arabia prepares to launch ATMs with "face image" DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Saudi Arabia prepares to launch ATMs with "face image"

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Post by claud39 on Tue Mar 05, 2019 1:55 pm

http://economy-news.net/content.php?id=15659


Saudi Arabia prepares to launch ATMs with "face image"




03/05/2019





Saudi Arabia prepares to launch ATMs with "face image" 13430







Economy News Baghdad:



Saudi Arabia is about to become the first Arab country to raise ATM machines , " the ATM ," technology works "facial recognition."
 
Alhamrani, the global supplier of ATMs in the Kingdom, has held a "global specialized partnership" to develop an original biometric model with Chocard.
This makes it possible to rely on "face recognition" technology through BlockChain technology, rather than having to enter the PIN code to withdraw money and verify the customer's identity, without having to return to the bank's database as well.
"The prototype is currently being tested and is likely to be released soon," the site reveals.
Tariq Abdat, Chief Executive Officer of Alhamrani, said: "The development of devices that rely on facial recognition technology will reduce fraud significantly." Digital transformation is a key factor within the vision of the Kingdom 2030.
The founder and CEO of Schockard, Armin Brahimi, believes that the technology will "solve the problem of card fraud and theft from ATMs that consumers and banks continue to suffer from and make financial transactions very easy and secure," noting that their application is not difficult, "The majority of ATMs have a camera installed."
Alhamrani International was established in 1981. It claims to be the largest ATM provider in the Middle East and has more than 50% of the ATM market in Saudi Arabia at the same time.
 
The "Face Recognition" ATMs were first introduced in Taiwan and Spain in February after media reports that Japan's Seinbank was in January.
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