facefirst
GSX - A FORUM FOR DISCOVERY
GSX is about discovery as much as it is about anything else. While many counterparts will be laser-focused on one aspect of security products or partnerships, some attendees are simply seeking out the latest innovations available to help them create safer and more personalized environments for their respective organizations and or customers. This is where my journey with GSX (formerly ASIS) comes into play. I have been fortunate to be able to do just that! I have helped unveil and deploy innovative biometric solutions to organizations of scale since 2013.
Facial Recognition in Banking โ Current Applications Emerj - Artificial Intelligence Research and Insight
Facial recognition software is making its way into the mainstream, with consumer applications such as the ability to unlock one's smartphone with their face. The banking sector has been at the forefront of enterprise adoption of AI since machine learning became the hot topic of the business world in the early years of the decade; as such, it makes sense that facial recognition technology would start to make its way into banking. There are a handful of companies offering facial recognition software to banks that at face value seem to have the requisite talent in their C-suite that we look for when vetting a company on their claims to leveraging AI. These companies offer software with applications ranging from physical security to the ability for customers to make withdrawals with their faces. That said, what we've found is that the application is relatively nascent in banking.
Applications for Facial Recognition Increase as Technology Matures
From shopping centers and airports to concert venues and mobile phones, facial recognition technology can now be used in all of them due to advances in technology. Countries including China and the United States are developing, testing and using facial recognition technology. At the Los Angeles International Airport, the U.S. Transportation Security Administration, or TSA, has been trying out several security devices, including a facial recognition technology that takes a picture of the passenger and compares it to the passport picture just before he or she goes through airport security. "We're always looking at technology, processes, even doctrine changes on how to better our security at an airport," said Steve Karoly, acting assistant administrator with the TSA's Office of Requirements and Capabilities Analysis. If any one of the technologies being tested is implemented in the future, it will take two to three years for the TSA to install them in U.S. airports.