TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Finance & Banking

Finance & Banking

Introducing a Next-generation ATM with face recognition and QR code reader

Via NEC News room

Sep 12, 2019

Seven Bank, Ltd. (hereinafter "Seven Bank"; headquarters: Chiyoda-ku, Tokyo; President and Representative Director: Yasuaki Funatake) and NEC Corporation (hereinafter "NEC"; headquarters: Minato-ku, Tokyo; President and CEO: Takashi Niino) hereby announce the development of a next-generation ATM, which has a facial recognition engine with the world's No.1 certification accuracy. The ATM is to be installed and to replace old machines from this September.

In recent years, technological innovations such as FinTech have led to the creation of new financial services and the improvement of operational efficiency as financial institutions, etc. are required to respond to digitalization.

Taking into account the advances in biometrics, AI, IoT, and other technologies, this next-generation ATM is capable of face recognition for identity verification and settlement with QR codes.

In addition, it also utilizes AI and IoT to predict cash demand more precisely and detect prior warning of component failures, which helps to streamline ATM operations. Through the ATMs, Seven Bank and NEC will continue to provide safe and secure lifestyle infrastructure and provide new value in response to changes in society.

Related Topics
  • Asia-Pacific,
  • Finance & Banking,
  • Internet of Things,
  • IoT Services & Applications,
  • NEC,
  • Tracker

More Like This

Digital Platforms and Services

ZainCash Iraq collaborates with Western Union to enable digital cross-border money transfers

Jan 25, 2023

Digital Platforms and Services

FTX contagion spreads as traditional US bank is infected

Jan 9, 2023

Security

Orange puts cybersecurity at the heart of its growth plans

Nov 25, 2022

Digital Platforms and Services

Tigo Money, Millicom’s Fintech business, and Visa collaborate to boost financial inclusion across Latin America

Nov 22, 2022

Digital Platforms and Services

British government wants the UK to be global hub for the cryptocurrency industry

Apr 5, 2022

This content extract was originally sourced from an external website (NEC News room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

10:43

MWC23 interview: Mari-Noëlle Jégo-Laveissière, deputy CEO of Orange

12:45

MWC23 interview: Abdu Mudesir, Group CTO, Deutsche Telekom

9:26

MWC23 interview: Greg McCall, Chief Networks Officer, BT

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us

  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).