Facial biometry helps prevent identity theft in banks

Facial biometry consists in the recollection of data of the physical features of a person’s face by means of algorithms.

Thanks to this new technology, many of the thefts that represent a loss of 500 million dollars a year to European Banking are being avoided. Likewise, the use of biometry to deter fraud by identity theft in ATMs, on-line transactions and credit card cloning is also being implemented in countries like Peru, Chile and Spain.

Unlike other technologies, face recognition is non-intrusive and does not need further collaboration from the user. He only has to put his face in front of a recognition camera and the software will do the rest.

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