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Singapore's DBS is to use the Government's Singpass digital identity and authentication system to provide clients with biometric face verification for corporate account opening. 
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Scoop.it!
The Royal Bank of Scotland's new digital bank Bó has paid £5 million for a 25% stake in student-focused fintech startup Loot.
Vineet Anand's insight:
Loot gets PS5 million investment from RBS B6 taking 25% stake!
Scoop.it!
Japan's Seven Bank is planning to add facial recognition technology to its ATMs, enabling users to open accounts through the machines, according to local press reports.
Vineet Anand's insight:
Facial recognition at ATM's for account opening in Japan! Seven Bank does have a specific use case for account opening without mail id copies as no branches exist. Facial recognition for Cash out without card and PIN or mobile PIN will be of value too!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Singpass face verification for SMB account opening & onboarding takes traction at DBS.