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Sberbank continues aggressive moves to lock up local market for retail face biometrics
June 6, 2023, 10:31 p.m. | Chris Burt
Biometric Update www.biometricupdate.com
There are a lot of problems with even covering business in Russia, but from a flurry of recent reports, facial recognition for payments is blossoming quickly.
A surprising volume of the biometric news out of the troubled economy involves state-owned financial services firm Sberbank.
The bank is lining up strategic relationships to make sure its retail network of face-scanning terminals work as billed and hold off competitors.
This week, Sberbank said it will partner with the Center for Biometric Technologies, …
bank biometric biometric payments biometrics biometrics news business economy face biometrics facial facial recognition financial financial services local lock lock up market payments problems quickly recognition reports retail retail biometrics russia services state
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