Mexico’s Banking Authority Announces Biometric Authentication Requirement

Alex Perala – August 31, 2017

Mexico’s National Banking and Security Commission (CNBV) has issued a new regulation requiring all banks in the country to implement fingerprint scanners for clients within the next 12 months, reports Riviera Maya News.

Banks will be required to scan all of an individual’s fingerprints at the time of account creation and also for loan and credit card applications. The biometric data will then be matched against records held by the National Electoral Institute in an effort to confirm the individual’s identity.

For services transacted online, banks will be permitted to use facial and speech recognition technologies for identity verification purposes.