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Biometry use will reduce banks’ expenses more than threefold — Central Bank

The Central Bank plans to connect over 4,000 service points of credit institutions at the first phase of launching the platform for remote biometric identification of bank clients

MOSCOW, June 29. /TASS/. Biometry use will make it possible for banks to cut their customer service costs more than threefold, First Deputy Chairwoman of the Central Bank Olga Skorobogatova told TASS in an interview.

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"Remote identification will enable banks to reduce the customer service cost more than threefold," the official said.

The Central Bank plans to connect over 4,000 service points of credit institutions at the first phase of launching the platform for remote biometric identification of bank clients, which will end by the turn of 2018, Skorobogatova said.

"We expect over 4 thousand bank offices and service points to be connected to the platform by year-end. We will also start work this year on its use for provision of state, notarial, and other services. The figure is over 100 mln different services annually," she said.

The Central Bank is implementing the remote biometric identification project in cooperation with members of the Fintech Association - Russian banks, payment systems, and telecom operators.

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China supports Serbia in defending its sovereignty on Kosovo issue — Xi

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Gas supply by Gazprom for Europe through Ukraine totals 42.4 mcm via Sudzha

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Fire extinguished following Ukrainian attack on oil depot in LPR

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Russia's largest hydroelectric plant: five years after the accident

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Russian defense ministry reports losses among Russian troops during special operation

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Israeli army attacking Rafah in southern Gaza — media

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