Emirates NBD introduces contactless identity verification to open new accounts on mobile

Emirates NBD introduces contactless identity verification to open new accounts on mobile

 Bank's new TruID digital identity verification solution leverages the power of Near-Field Communication (NFC) technology Customer identification information read electronically from Emirates ID and biometric passport Solution built as part of fintech collaboration with VisionLabs and Smart Engines Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, became the first bank in the region to allow new customers to have their identity documents verified using contactless NFC technology when opening a bank account via its Mobile Banking App. The bank's TruID solution uses NFC technology to read information from embedded chips in the documents and seamlessly extract data to autofill a digital account application. The customer is then prompted to take a selfie within the app to complete the process. Emirates NBD's TruID digital identity verification solution was developed as part of the bank's collaboration with fintechs VisionLabs and Smart Engines. Apple users can have their biometric passports read using the NFC technology, while Android users can avail electronic reading of both Emirates ID and their biometric passports. Commenting on the introduction of Emirates NBD's TruID digital identity verification solution, Suvo Sarkar, Senior Executive Vice President and Head of Retail Banking and Wealth Management said: "As a front-runner in