Krungsri upgrades verification process
The Bank of Ayudhya Plc or Krungsri has introduced facial recognition using electronic Know Your Customer (e-KYC) technology for identity verification when opening deposit accounts for customers.
Under the Bank of Thailand’s regulatory sandbox, the technology enables an upgrade of the bank’s verification process and accuracy toward international standards.
Now available for customers at Krungsri branches, the facial recognition for e-KYC will also be deployed for customers’ passbook opening via mobile application by the end of the second quarter, said Phonganant Thanattrai, head of retail banking and distribution group.
