Wed. PM TNT News Articles 4-21-21

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This was in Iraq’s news

American banks are using artificial intelligence to monitor customers and workers

Banking and technical sources reported, that many American banks have started publishing camera programs that can analyze customer preferences, monitor employees and identify people who sleep near ATMs, even as they remain concerned about the potential backlash to increased monitoring.

Sources confirmed, today, Wednesday, according to Reuters, that “the previously unreported experiences of City National Bank of Florida and JPMorgan Chase & Co, as well as previous releases in banks such as Wells Fargo & Co, provide rare insight into potential US financial institutions in facial recognition and systems.” Related artificial intelligence.”

“The widespread deployment of such artificial intelligence visual tools in the highly regulated banking sector will be an important step towards becoming prevalent in American companies,” she added.

“Smartphones that unlock via face scanning have paved the way,” said Bobby Dominguez, City National’s chief information security officer.

He added, “We are already benefiting from facial recognition on a mobile phone,” noting that “why not use it in the real world.”

Dominguez indicated that “City National” will start facial recognition experiments early next year to identify customers in ATMs and employees in branches, with the aim of replacing unstable and less secure authentication procedures in its 31 sites, indicating that in the end, the program can identify People included on government watch lists.

For his part, GB Morgan said that he “is conducting a small test of the video analysis technology with a small number of branches in Ohio,” and that he is “working to prevent fraud,” but refused to discuss how to do this, according to Reuters.  link

Source: Dinar Recaps

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