|Japan's first demonstration test for opening bank accounts by face-authentication at ATMs|
TOKYO, Sept 12, 2019 - (JCN Newswire) - Seven Bank, Ltd. and NEC Corporation hereby announce the development of a next-generation ATM, which has a facial recognition engine with the world's No.1 certification accuracy. The ATM is to be installed and to replace old machines from this September.
In recent years, technological innovations such as FinTech have led to the creation of new financial services and the improvement of operational efficiency as financial institutions, etc. are required to respond to digitalization.
Taking into account the advances in biometrics, AI, IoT, and other technologies, this next-generation ATM is capable of face recognition for identity verification and settlement with QR codes.
In addition, it also utilizes AI and IoT to predict cash demand more precisely and detect prior warning of component failures, which helps to streamline ATM operations. Through the ATMs, Seven Bank and NEC will continue to provide safe and secure lifestyle infrastructure and provide new value in response to changes in society.
For more information, visit https://www.nec.com/en/press/201909/global_20190912_01.html.
About NEC Corporation
NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.
Source: NEC Corporation
NEC Corporation (TSE: 6701)
Topic: Press release summary
Sectors: Enterprise IT, Security, AI, IoT
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