Japan’s Seven Bank will equip its ATMs with face recognition capabilities to let users open bank accounts on the spot.
According to Japan Today and sources close to the matter, the tech could be coming in the autumn. Although the sources contradict themselves by adding that several thousand of the new ATMs are expected to be installed by the summer of 2020 in large cities.
The new type of ATM operated by Seven Bank, a unit of retailer Seven & I Holdings, would be able to confirm the identity of a user wanting to set up a bank account in a few seconds by scanning a photo ID and taking a picture through an installed high-precision camera.
