Facial recognition technology to be used for ATM transactions in Singapore
Comments Off on Facial recognition technology to be used for ATM transactions in Singapore
Facial recognition technology will be used for transaction authentication at ATMs across Singapore, a recent news report in the local media has been able to suggest.
The ATMs will be able to perform only account balance enquiries using face verification for now.
The use of biometrics authentication by financial institutions is not new and has been deployed for online financial services and phone banking, said the Monetary Authority of Singapore (MAS).
An MAS spokesman said: “MAS does not prescribe any specific technology to be used for authentication, and financial institutions are encouraged to innovate to meet their customers’ needs for security and convenience while ensuring that MAS’ requirements on strong security controls, data confidentiality and responsible use of data are met.”
The face verification feature will be extended to cash withdrawals at all 550 of OCBC’s ATMs in Singapore progressively from June, and extended to other ATM transactions,
including cash deposits, fund transfers to other banks, CashCard top-ups and credit card bill payments from next year.
CCTV Surveillance – The experts in deploying Facial Recognition CCTV systems
The Facial Recognition CCTV solution supplied by CCTV Surveillance dynamically compares images of individuals from incoming video streams against those stored in a predefined access control list and immediately sends alerts when a positive match occurs.
The technology yields a very good level of performance despite partial occlusions of the face, the use of glasses, scarves or caps, changes of facial expression, and moderate rotations of the face. Moreover, it does not allow users to be impersonated using photographs.
This biometric technology is the perfect solution to control the access to restricted security areas, especially since we’re talking about a completely automated system that requires very little interaction with the operator.
Our Facial Recognition CCTV system can be easily integrated with existing ID management products and enables administrators to easily create Whitelists/Blacklists for specific areas, while subjects can be very easily enrolled from one or more photographs.
The system fully supports runtime alarm management, is highly tunable (control based on time-frames, sequentially, etc) and even allows alarms to be exported to common formats (PDF, Excel) and remote devices (mobile, PDA, tablet, security control centre).