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
Nafisa Akabor
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Recharged is an independent site that focuses on technology, electric vehicles, and the digital life by Nafisa Akabor. Drawing from her 18-year tech journalism career, expect news, reviews, how-tos, comparisons, and practical uses of tech that are easy to digest. info@recharged.co.za