AI-fuelled Computer Vision technology is disrupting financial services. Online banking growth has had a transformative impact on how people are managing their financial accounts and making payments. The increasing sophistication of fraudulent transactions and virus attacks can cost financial organizations millions of dollars, loss of data and customer confidence, and negative brand reputation. One potential solution to this problem is facial recognition technology, a process of identifying or verifying the identity using face in photos, video, or in real-time.
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