ADIB Becomes First Bank in UAE to Use Facial Recognition for Secure Verification Account Opening

ADIB Becomes First Bank in UAE to Use Facial Recognition for Secure Verification Account Opening

https://islamicmarkets.com/articles/adib-becomes-first-bank-in-uae-to-use-facial-recognition
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Abu Dhabi Islamic Bank (ADIB) has announced the opening of accounts remotely and digitally for the first time in the United Arab Emirates (UAE), in line with the Government's objective of boosting digital services. This has been made possible via secure access to the Ministry of Interior (MoI)'s facial recognition verification system.

Why it Matters?

This instant and highly secure verification process helps to verify account opener details and is also a measure against fraud and different forms of identity theft. It enables citizens and residents to open a new account remotely with instant access to services without having to visit the bank physically. Additionally, this boosts the digital agenda of the UAE and improves the quality of digital life in...