Sberbank has started using the system of photo images’ analysis when issuing loans, which helps identify cases of forgery of documents submitted by borrowers.
The face recognition system is integrated with various databases of Sberbank, which contain more than 20 million sets of documents and photographs of the borrowers. The innovations allows the differentiation between scammer documents and those of bona fide customers of Sberbank.
The daily "credit factory" of Sberbank, which uses the new system, processes more than 40,000 applications for loans. Using the "credit factory", the bank issues consumer and mortgage loans as well as car loans.
For the 1st time Sberbank showed its facial recognition system at the "Innoprom 2013" exhibition in July 2013. Such an innovation will "recognise" Sberbank visitors as well as receive information about what services are used by a customer and for what purpose and where he or she usually visits bank’s offices.