Free Trend Report Free 2019 Report & eBook

Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book. Our Research Methodology

This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.

These Futuristic ATMs are Ingrained with Innovative Facial Recognition Technology

 - Jul 1, 2015
References: telegraph & psfk
The Chinese firm 'Tzekwan Technology' recently teamed up with researchers from Tsinghua University, to produce the world's first line of biometric ATMs. As many companies look for innovative ways to protect consumers from theft and other fraudulent activities, these biometric ATMs may usher in a new age of financial security.

The machines operate through the use of a small camera, which takes a picture of whoever is using the ATM. The machine then works to match the image to the corresponding ID within its database. To make a match, the machine relies on facial recognition technology to detect consistencies in certain attributes such as disposition, facial symmetry and pigmentation. The advanced technology would serve as a primary method of protecting consumers against impostors.

While it is unclear when the biometric ATMs will be launched, the use of such technology demonstrates a major step towards greater financial security.