The most innovative bank in South Africa for two years in a row according to the African FinTech Awards has come up with a unique way to attract new customers – by “switching with a selfie”.

Tapping into the mobile-first generation, FNB recently announced that customers can open individual or business accounts directly on its smartphone app within minutes by uploading a selfie.

Identity verification is completed through a tie-in with the department of home affairs, a process that took around 18 months to pull off. The app also uses the GPS functionality on a smartphone to geo-locate you as a way to verify your address. It’s useful for those who don’t have bills under their name for the physical proof of address required at other banks.

Continue reading here: https://www.w24.co.za/Entertainment/Technology/a-new-fnb-app-allows-you-to-open-an-account-just-by-taking-a-selfie-20180527

Related Posts

Shopping for a gadget can feel tedious, with so many options out there. Have a look through Nafisa...

Singapore beat London and New York to top the Global Smart City Performance Index 2017, which was...

To the average customer visiting the Enviro Mobi website, it is unclear what its primary focus is....