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Title : Russia Wants A Country-Wide Biometric Database For Financial Services
link : Russia Wants A Country-Wide Biometric Database For Financial Services

Russia Wants A Country-Wide Biometric Database For Financial Services

© Sputnik/ Evgeny Biyatov

Bloomberg: Russia Plans National Biometric Database Starting Next Year

* Upper house of parliament approves law allowing system
* Russian state-owned firms lead push for biometric technology

Russia will get a country-wide biometric database for financial services starting next summer, the central bank said.

The system will expand access to banking by letting people open accounts without having to visit a branch

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and is a key milestone in digitizing financial services, the Bank of Russia said in a statement. The regulator said that data would only be stored with individuals’ consent. Legal changes needed for the system passed this month.

State-owned Rostelecom PJSC has been selected to run the database, which will collect personal data including images of faces, voice samples and, eventually, irises and fingerprints. Facial-recognition technology has been gaining consumer acceptance around the world, with Apple Inc.’s latest iPhone using it to unlock the device. In Russia, the authorities and government-linked companies are leading the charge.

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WNU Editor: Here is an easy prediction .... within a decade or two we will all be in a bio-metric database.

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