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Indian Banks Said to Soon Use Face Recognition, Iris Scan for Some Transactions | Technology News

Indian Banks Said to Soon Use Face Recognition, Iris Scan for Some Transactions The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and public banks have begun using the option, said one of the sources, a banker, who declined to ...

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