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The 25th International exhibition of security and fire protection equipment and products
19-22 March 2019 • Moscow, Expocentre Fairgrounds, Pavilions 2, 8

Biometric ID coming to Russia’s banks?

Russian law could soon change to allow for the country’s banks to start using biometric identification software, according to a source in the Bank of Russia quoted in a Russian security news website, Ru-Bezh.

According to the source, the data storage will centre on finger scanning – banks will take information from their account holders, then use this to verify transactions. Bolstering banking security has been a pet project of Russia’s Prime Minister Dmitry Medvedev, according to Ru-Bezh – he asked Russia’s e-government commission to examine documentation over summer 2016 and start to introduce the technology at the end of the year. Other bodies to have worked on the plans include the Bank of Russia and the country’s tax office. 
While finger scanning is commonly used by Russia when issuing visas, it has not yet penetrated into thr banking world. It is thought the example of Japan, which makes widespread use of hand vein technology for verifying transactions, has been studies by the government – meaning there will be real opportunities for foreign suppliers to benefit from the programme when it begins. 

Source: Adapted translations from http://ru-bezh.ru