On the 4th August 2016, Contego were delighted to announce their placement in Tech City News, as our CTO Matt Law discussed Biometrics: The journey to simpler ID verification.
Matt advocated the recent advances in biometric technology and he explained its promise to hold the key to faster ID checks and ultimately a more seamless and speedy process when opening a bank account.
So the news that HSBC business customers will now be able to open new accounts with a selfie, demonstrates that high street banks are moving to towards biometrics to simplify its business banking application process.
Life could become much easier: from unlocking your car to joining a new company, or even just opening a bank account.
“Through simplifying the ID verification process, we’ll be able to save our business customers time and open accounts quicker," said HSBC's head of global propositions for commercial banking, Richard Davies. He added: "We also expect the convenience and speed of a selfie to become the verification method of choice for our customers, who no longer need to visit a branch to complete the process.”