Now you can open a bank account using your FaceID…

The Development Bank of Singapore has just made it easier for people to become its customers. When you sign up with them using your FaceID, it will be validated against the national biometric identification database where your details can be retrieved.

Some people may raise security and other privacy concerns. There are other measures in place to validate the identity eg OTP, etc. I think this is a great way to make it easier to do banking. Hope the other banks will follow suit.

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