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.