MILES AXLE Translation. Region: Russian Federation –
Source: Central Bank of Russia –
Digitalization of the financial sector, development of remote service channels have created a demand for remote identification of clients of financial institutions. Bank of Russia offers to discuss directions for further development of this institution, the need to introduce new mechanisms and technological solutions, as well as possible risks and ways to minimize them.
For example, despite the active use of new technologies, including audio and video communications, the personal presence of the client is still required when opening an account at a bank. This is due, in particular, to threats in the field of information security, including identity substitution using artificial intelligence algorithms. The Bank of Russia and Rosfinmonitoring plan to develop special regulations that will allow banks to identify clients via video communications, but such an opportunity, as suggested in the report, will be provided only within the framework of an experimental legal regime.
The report pays special attention to the problem of identification carried out by bank payment agents.
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Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.