Central bank turns to biometrics to battle online scams
The Bank of Thailand has joined the fight against online crimes by instructing financial institutions to step up their preventive measures, including a requirement for biometric verification for mobile banking transactions, its governor, Sethaput Suthiwartnarueput, said on Thursday.
Bank customers who want to transfer more than 50,000 baht through a mobile banking application will be required to use biometric verification, such as facial or fingerprint scans, as part of the process.
The Nation Reporter
