ONE of Spain’s largest banks has become the first in the world to introduce cash points which allow withdrawals with facial recognition technology rather than PIN numbers.
CaixaBank launched the new cash machines on Thursday. They are designed to give depositors a better service and improve security, the bank said.
The system was developed with technology companies Fujitsu and FacePhi. A camera in the cash machines scans 16,000 points on the depositor’s face to verify if they are the account holder.
Four CaixaBank branches in Barcelona currently use the system, with a full rollout planned for the second half of this year.