The benefits of facial recognition systemand its cons are controversial issues. Many stakeholders are pointing out on the disadvantages, but there are also detractors voicing its advantages. There are so many concerns around facial recognition system, such as invasion of privacy, abuse of power, and more.

Already, the heated debate around facial recognition system in Singapore has caused some public relations backlashes. As a result, investors could stay clear of the technology, inhibiting its development. Some of the advantages of facial recognition technology are better security, improved retail shopping and banking, and more.

In this article, we will talk about the top benefits of facial recognition technology. Read on below to find out more about new tech involving facial recognition.

One of the benefits of face recognition technology is its fast-processing nature and that it doesn’t need any contact with users. With the current identity verification methods, users must remember passwords, present ID cards and other inconveniences. Face recognition technology helps companies control access to facilities without long lines.

Sometimes, Singapore facial recognition systems will be able to verify identities without stopping anyone to check. Applications are not limited to physical security but encompass cybersecurity as well. Companies can use face recognitiontechnology as substitute for passwords to access computers.

Banking fraud is still a recurring problem despite the numerous security measures taken by financial institutions worldwide. Face recognition online banking could help solve this. While banks have become sophisticated at using one-time passwords to access accounts, there is still room for improvement.

One possible solutions are biometric identification via facial recognition technology. Instead of using one-time passwords, you could authorize transactions by looking at your smartphone or computer.

Biometric online banking is another of the benefits of face recognition. With the use of face recognition, there are no passwords that hackers could compromise. Even if hackers stole your photo database, it would be of little use. This is because liveliness detection prevents using them for impersonation purposes. The benefits go beyond, as ATMs and physical bank branches can make use of it.

In this article, we have described many benefits of face recognition technology. From biometric identification, improved biometry security, convenient banking, healthcare ID systems, and shopping, face recognition is set to bring many new advantages. Therefore, don’t hesitate to consider using face recognition technology for your business. Be sure to test new ID system before deciding on anything.