An interesting novelty for banks - this is how they will give loans

11:15 - 17.05.2023


May 17, Fineko/abc.az. An interesting innovation for banks is presented in Azerbaijan – a new product.

ABC.AZ reports that new product of AzInTelecom LLC allows you to identify people, citizens, users based on biometric criteria.

Thus, physiological biometrics and a facial recognition system will be introduced through digital signature SIMA: "The prototype of the product is already ready, and the organization has started communicating this product," the company says.

The main target mass of the new facial recognition product will be governmental agencies, companies, as well as financial institutions – banks, NBCOs and insurance companies. Financial institutions, in particular, can take advantage of this innovation of SIMA: "These institutions can introduce a new SIMA solution in their products and services. For example, when considering an application for a bank loan, they must identify the user (that is, clarify that he is indeed the person represented.

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