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Russian banks are exploring the possibility of issuing loans at ATMs using biometrics

August 13, 2020, 18:45 (UTC+3)|

Several Russian banks, such as Promsvyazabnk, Credit Bank of Moscow and VTB are exploring the possibility to issue loans at ATMs using biometrics, Izvestiya reports.

According to Alexander Petrov, the Director of Payment Cards Department at Promsvyazbank, not only the current customers of the bank who have already opened an account at the bank branch, but also people who previously were not clients of the bank - after being identified using the Unified biometrics system - can receive loans.

Credit Bank of Moscow is developing a similar service, Izvestiya notes. It is expected that after the identification through an ATM the products of the credit institution will be available for the client at the ATM. The possibility of issuing loans is being explored by VTB and UBRD (Ural Bank for Reconstruction and Development).

Sberbank and Tinkoff are already piloting facial recognition at ATMs. It was reported in January that Sberbank was testing facial biometrics technology at several self-service devices in the offices where they do not work with customers. Tinkoff is testing ATMs in Moscow shopping malls.

Original (in Russian)


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