29 November 2023

Lloyds Bank launches in-app passport scanning for customer onboarding

Written By FinTech Alliance

Lloyds Bank launches in-app passport scanning for customer onboarding

Lloyds Bank customers are the first in the UK to be able to support their bank account application using the chip in their passport.

In brief:

- The Lloyds mobile app utilises Near Field Communication (NFC) technology to scan the chip embedded within the passport.

- The new feature speeds up the ID verification process by pre-populating key data fields including name, title, date of birth, gender and country of birth.
 

What does this mean?

Surina Somal, head of product, packaged bank accounts & transformation at Lloyds Bank comments: “Unlocking technology is key in making it easier to bank with us. Using existing technology within passports, customers can open and complete their bank account application on their phone. It’s the first of many updates we are making to our banking apps over the next few months, to give our customers the best possible experience.”

Read more here

Up Next ...
23 February 2024

Zilch launches 'Pay over 3 months' BNPL product

The new product has already been made available to around ...

23 February 2024

TD Bank introduces Tap

Tap is used to Pay small businesses on iPhone.In brief:- ...

23 February 2024

Napier AI raises £45mn in Funding

The company intends to use the funds to accelerate its ...

22 February 2024

Former Virgin Money CEO appointed to chair Ozone API’s Board

Dame Jayne-Anne Gadhia selected as new Chair of the Board ...

More in Digital Identity

Putting individuals back in charge of their own identities

05 December 2023

We sat down with Mike Tuchen, CEO of UK-founded digital ...

Posted By The Community

How Digital Passports Can Benefit the Global Society

14 November 2023

How Digital Passports Can Benefit the Global SocietyDigitalization is what has made our lives much e...

Written By: Vault

Ondato launches virtual branches with biometrics

06 September 2022

Ondato, a KYC specialist, has launched a virtual branch service ...

Standard Chartered invests in ID verification business Chekk

24 August 2022

Standard Chartered’s FinTech investment arm SC Ventures has invested in ...

White Papers Digital Identity

Financial Services, Fraud and the Future of Digital Onboarding

05 September 2019

The identity industry is changing. Many of the identity indicators we took for granted are no longer...

There are no Events in this category