City banks are trialling a new system which asks customers to verify their identities by taking selfies on their mobile phones linked to their social media accounts.
New York-based software developer Socure has created software called Perceive, which uses biometric verification to detect fraud.
It assess the person’s features in the picture taken by their phone, which generates a score, determining if the customer trying to make the payment is likely to be who they say they are.
City banks are trialling asking customers to verfiy their identities by asking them to use selfies on their mobile phones linked to their social media accounts
Read the Full Article: Source – Daily Mail
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