Wednesday, December 27, 2017

Russia Wants A Country-Wide Biometric Database For Financial Services

© Sputnik/ Evgeny Biyatov

Bloomberg: Russia Plans National Biometric Database Starting Next Year

* Upper house of parliament approves law allowing system
* Russian state-owned firms lead push for biometric technology

Russia will get a country-wide biometric database for financial services starting next summer, the central bank said.

The system will expand access to banking by letting people open accounts without having to visit a branch and is a key milestone in digitizing financial services, the Bank of Russia said in a statement. The regulator said that data would only be stored with individuals’ consent. Legal changes needed for the system passed this month.

State-owned Rostelecom PJSC has been selected to run the database, which will collect personal data including images of faces, voice samples and, eventually, irises and fingerprints. Facial-recognition technology has been gaining consumer acceptance around the world, with Apple Inc.’s latest iPhone using it to unlock the device. In Russia, the authorities and government-linked companies are leading the charge.

Read more ....

WNU Editor: Here is an easy prediction .... within a decade or two we will all be in a bio-metric database.

1 comment:

Anonymous said...

Chances are that you already are - depending on your passport. Many EU passports have biometric insignia for years already - and at pretty much every major international airport, certainly in the US, Europe and some Asian hubs (Singapore) you have to give fingerprint scans or retina scans these days.. so yeah, we are all "in there" in some shape or form already