Abu Dhabi bank introduces facial recognition to open accounts

iStock [For illustration]

An Abu Dhabi bank is now using facial recognition technology to open new accounts remotely and securely.

This is made possible through a collaboration with the Ministry of Interior’s facial recognition system.

Increasing security and ease of access, this novel tool also helps reduce cybercrime, fraud and other forms of identity theft.

The implementation of such a system within the banking framework is reportedly a first in the country, undertaken by the Abu Dhabi Islamic Bank which marks a key step towards emerging technology, especially, Artificial Intelligence.

More from Business News

News

  • UAE President receives Lebanese counterpart

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Lebanese President Joseph Aoun in Abu Dhabi on Wednesday, in his first official visit to the country since taking office.

  • UAE authorities conduct air ambulance mission in Oman

    Emirati authorities carried out an air ambulance mission for an injured person who "suffered a sudden health problem" in Oman, it was announced on Wednesday. 

  • UAE President holds talks with Ecuadorian leader

    UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of the Republic of Ecuador, Daniel Noboa, met on Wednesday to discuss strengthening cooperation in economy, trade, renewable energy, sustainability, investment, tourism, and agriculture.