Wednesday, May 29, 2024

Unionbank introduces first ?selfie banking? in PH

UnionBank announced on Monday, March 6, that its EON card is taking selfies to a whole new level by allowing its customers to perform ?selfie banking? ? a first in the local banking industry.

Selfie banking
Selfie banking

Selfie banking, the company said, lets customers log in to their account by simply taking a selfie on their EON mobile app.

Unionbank said EON uses state-of-the-art face recognition technology — the same technology used by the US and other countries in securing borders, immigration, and critical infrastructure.

By adding face recognition, Unionbank said EON attains the gold standard in security, a multi-factor ? something you know, something you have, and something you are ? authentication process to protect customers from the escalating threats to cybersecurity.

Unlike face recognition, the bank said passwords are easily compromised.

?To respond to hacks, banks require customers to use more complex and cumbersome passwords ? longer, changing more frequently, and therefore, more likely to be forgotten. EON spares you from all the hassle because with EON, your face is your password,? Unionbank said.


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