The Central Bank wants to launch video identification of bank clients this year as part of an experimental legal regime in 2024.

The ability to use video identification is provided to the bank to verify personal data with whoever is on your screen. What does the regulator do to enable the use of video identification? We are almost ready to amend Law 115; we discussed it with Rosfinmonitoring just yesterday. This year we plan to use the opportunity within the experimental legal regime for the use of video identification.

— Deputy Chairman of the Bank of Russia Olga Polyakova

Among the main advantages of this solution is improved customer protection from fraudsters. This way the bank can make sure that the bank card goes to its owner.


Source: Iphones RU

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