U.S. banks deploy AI to monitor customers, workers amid tech backlash

Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over increased surveillance, more than a dozen banking and technology sources told Reuters.

Previously unreported trials at City National Bank of Florida and JPMorgan Chase & Co as well as earlier rollouts at banks such as Wells Fargo & Co offer a rare view into the potential U.S. financial institutions see in facial recognition and related artificial intelligence systems.

Widespread deployment of such visual AI tools in the heavily regulated banking sector would be a significant step toward their becoming mainstream in corporate America.

Bobby Dominguez, chief information security officer at City National, said smartphones that unlock via a face scan have paved the way.

"We're already leveraging facial recognition on mobile," he said. "Why not leverage it in the real world?"

https://www.reuters.com/technology/us-banks-deploy-ai-monitor-customers-workers-amid-tech-backlash-2021-04-19/

#US #AI #face #recognition #banks #privacy

Sept 26, 2021:

Forget fintech: the real threat to banks is Amazon and Facebook

"A bank with big ambitions opened in Britain last week. It has no high street branches, customers will simply download an app on their phones.

The approach taken by the US powerhouse JP Morgan for its Chase banking app illustrates the dramatic changes taking place on Britain’s high streets. Almost half of bank branches have closed in the past five years — leaving only 5,300, according to consumer group Which? — and the use of cash has plummeted during the pandemic. One in four people used cash once a month, or even less frequently, as Covid-19 took hold last year."

https://www.thetimes.co.uk/article/forget-fintech-the-real-threat-to-banks-is-amazon-and-facebook-l70hxq5dc

#Amazon #fb #banks

#Canada #chrystia #freeland #banks

Andrew Jackson and the Bank War

https://thehermitage.com/andrew-jackson-and-the-bank-war/

#banks #fed #usa

How #social #credit is working out great for #banks in #China.
Will you let them implement this here?
#imf

Farage EXPOSES new push for cashless society (In the UK & Australia).

From September 11th Nat West Bank will be limiting the amount of cash that you can deposit and withdraw.

They also have the right to refuse cash and even cheques on any basis in their new terms & conditions.

The banks are trying to force a cashless society upon us!

#UK #Australia #Ozz #Cashless #CashlessSociety #Banks #NigelFarage

The Secret Social Media Surveillance Blacklists Used By Banks

Via @reclaimthenet
#Banksters #Surveillance #BigBrother #SocialMedia #Banks #Blacklist