HSBC business customers can now open new accounts by taking a selfie picture in order to verify their identity.
A mobile app uses facial recognition software to take a headshot of a customer, which is then compared against a photo ID uploaded by the customer, such as a driver’s licence or passport.
This change is intended to simplify and speed up the process of opening a new account using a mobile or digital device, and reflects the increasing tendency of customers to open accounts online.
