Article: The upcoming introduction of online identity verification methods in Swiss banks
Thursday, 26 November, 2020
The Swiss Financial Market Supervisory Authority FINMA proposes revisions of the circular on “Video and online identification” to introduce online identity verification methods in Switzerland’s financial institutions. By scanning clients’ biometric chips and asking them to additionally confirm their identity by making a bank transfer or scanning the biometric information document chip, banks eliminate the need for in-person verification.
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