Airtel Payments Bank introduces AI-powered Face Match; here’s how it will enhance your account security

Airtel Payments Bank introduces AI-powered Face Match; here’s how it will enhance your account security

Face Match works by analysing various factors, including user behaviour, transaction patterns, location data, historical information, and device signals.

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Airtel Payments BankAirtel Payments Bank
Pranav Dixit
  • Aug 21, 2024,
  • Updated Aug 21, 2024 8:02 AM IST

Airtel Payments Bank has announced the launch of Face Match, a new security feature designed to protect customer accounts from fraudulent activities. This feature utilises advanced machine learning algorithms to assess potential threats and activate facial recognition verification when necessary.

Face Match works by analysing various factors, including user behaviour, transaction patterns, location data, historical information, and device signals. If a user's activity triggers a predetermined threat score, Face Match is activated, requiring the user to verify their identity through a selfie.

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Upon activation, users receive a notification prompting them to complete a quick verification through the Airtel Thanks app. The selfie is then compared to the photo taken during the account onboarding process using facial recognition technology and liveliness checks. A successful match allows the transaction to proceed, while an unsuccessful match requires the user to visit a nearby banking point for biometric verification.

"At Airtel Payments Bank, delivering secure digital banking is central to our mission. The introduction of Face Match marks a significant step in reinforcing our commitment to safeguarding our customers," said Anubrata Biswas, MD and CEO of Airtel Payments Bank. "By employing cutting-edge technology, we can effectively address potential threats while offering a seamless and secure banking experience. Our aim is to provide customers peace of mind through robust security measures and efficient account management.”

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This feature addresses the growing concerns around digital banking security, particularly in relation to conduit account fraud, account takeovers, and money laundering. Airtel Payments Bank's proactive approach aims to provide a secure and trustworthy banking environment for its customers.

For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine

Airtel Payments Bank has announced the launch of Face Match, a new security feature designed to protect customer accounts from fraudulent activities. This feature utilises advanced machine learning algorithms to assess potential threats and activate facial recognition verification when necessary.

Face Match works by analysing various factors, including user behaviour, transaction patterns, location data, historical information, and device signals. If a user's activity triggers a predetermined threat score, Face Match is activated, requiring the user to verify their identity through a selfie.

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Upon activation, users receive a notification prompting them to complete a quick verification through the Airtel Thanks app. The selfie is then compared to the photo taken during the account onboarding process using facial recognition technology and liveliness checks. A successful match allows the transaction to proceed, while an unsuccessful match requires the user to visit a nearby banking point for biometric verification.

"At Airtel Payments Bank, delivering secure digital banking is central to our mission. The introduction of Face Match marks a significant step in reinforcing our commitment to safeguarding our customers," said Anubrata Biswas, MD and CEO of Airtel Payments Bank. "By employing cutting-edge technology, we can effectively address potential threats while offering a seamless and secure banking experience. Our aim is to provide customers peace of mind through robust security measures and efficient account management.”

Advertisement

This feature addresses the growing concerns around digital banking security, particularly in relation to conduit account fraud, account takeovers, and money laundering. Airtel Payments Bank's proactive approach aims to provide a secure and trustworthy banking environment for its customers.

For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine

ABOUT THE AUTHOR

Pranav Dixit

I don’t just chase stories, I shape them. As an editor and journalist deeply immersed in both technology and luxury, I bring a sharp eye for detail, a bias for clarity over cliché, and a knack for finding the narrative that others miss. Whether I’m unpacking a flagship device or exploring the craftsmanship behind a heritage brand, I approach every piece with precision and purpose.

I’ve interviewed industry leaders from AI pioneers and watchmakers to whisky blenders and hoteliers, and I thrive on asking the kind of questions that lead to real insight, not recycled soundbites. My work bridges deep reporting with a clean, compelling editorial voice, crafted to resonate across platforms and capture the attention of the world’s most discerning audiences.

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