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Equitas Bank uses facial recognition in mobile app

Equitas Small Finance Bank has introduced facial recognition-based authentication in its mobile banking app. This will help the customers of the bank to log in to their mobile banking app eliminating the need to remember complicated passwords or MPIN. V.R. Sridharan, CTO of the bank, said with Equitas SelfeLogin, customers are now able to bank and pay from the mobile banking app with ease. They can safely login to the app within seconds by just using their mobile camera, he added. P.N. Vasudevan, MD & CEO of the bank, said from the beginning, the Bank has been working on technology as a key driver of growth and has a roadmap to progress towards this. The bank has invested over Rs 1.5 billion in digitization, information security, cyber security and customer facing apps to make it easy for customers to bank from where they are, he added. he also mentioned that the bank is implementing Robotic Process Automation solutions to help drive operating efficiency as it scales up the banking operations.

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