webfact Posted October 7, 2019 Share Posted October 7, 2019 Central Bank to use biometric technology in opening saving accounts By THE NATION Siritida Siritida Panomwan, Bank of Thailand’s assistant governor for payment systems policy and financial technology group, said on Monday (October 7) that 10 commercial banks and non-bank financial institutes were participating in BoT’s regulatory sandbox project to test-run the use of biometric technology known as e-kyc (electronic know your customer) to electronically verify the identity of customers. “However, so far none of the participants has been able to successfully complete the project due to minor issues that need to be resolved, but the BoT is positive that the participants will finish the biometric test run before the end of fourth quarter,” she said. The assistant governor further explained that before implementing biometric technology in the real world, the central bank has to set policies, regulations and criteria to ensure a smooth and problem-free operation. “During phase 1 we will be focusing on using biometric technology to verify a customer’s identity when opening a savings account,” she said. “If the implementation is successful, banks and non-banks can adapt the technology to other aspects of their services without having to ask for BoT’s permission to enter the sandbox project again.” Siritida added that more than dozen operators had currently applied for licenses to conduct e-payment and e-money businesses and confirmed that the services are becoming popular. “BoT has already granted licenses to some100 operators and is expecting to see more new operators in the coming years,” she said. Source: https://www.nationthailand.com/news/30377142 -- © Copyright The Nation Thailand 2019-10-07 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
BestB Posted October 7, 2019 Share Posted October 7, 2019 One question . Why? what is wrong with using thai ID cards or passports ? Link to comment Share on other sites More sharing options...
mikebell Posted October 7, 2019 Share Posted October 7, 2019 37 minutes ago, webfact said: e-kyc I thought it was a gel? Link to comment Share on other sites More sharing options...
cmsally Posted October 7, 2019 Share Posted October 7, 2019 45 minutes ago, BestB said: One question . Why? what is wrong with using thai ID cards or passports ? Presumably so they can store the biometric data and sell it. Link to comment Share on other sites More sharing options...
BestB Posted October 7, 2019 Share Posted October 7, 2019 10 minutes ago, cmsally said: Presumably so they can store the biometric data and sell it. I wonder what is the going rate for my nose data ???? Link to comment Share on other sites More sharing options...
FarFlungFalang Posted October 7, 2019 Share Posted October 7, 2019 1 hour ago, BestB said: One question . Why? what is wrong with using thai ID cards or passports ? Why?Control.Like China.If you do not comply with government directives you can be punished digitally.Think SkyNet in Terminator. Link to comment Share on other sites More sharing options...
holy cow cm Posted October 7, 2019 Share Posted October 7, 2019 On one thought if it makes it easier to get a bank account for the non retiree then ok as we have nothing to lose anyway as we are already in the system from airport travel and renewals. About selling the biometric data like CM Sally said, perhaps, but all this info will probably be breached and ascertained by certain countries and criminals without paying. On the other thought, the idea is actually scary as this may set us up to having our full identities stolen and assimilated. Link to comment Share on other sites More sharing options...
fforest1 Posted October 7, 2019 Share Posted October 7, 2019 No....... Link to comment Share on other sites More sharing options...
kylep Posted October 7, 2019 Share Posted October 7, 2019 2 hours ago, BestB said: One question . Why? what is wrong with using thai ID cards or passports ? Presumably and most definitely, perhaps because using e-kyc ensures the integrity of the account opening process and eliminates the risk of identity theft or opening accounts using proxy documents or passports obtained fraudulently... or by way of deed poll in some countries which allow such a heretical practice! Link to comment Share on other sites More sharing options...
animalmagic Posted October 7, 2019 Share Posted October 7, 2019 1 hour ago, kylep said: Presumably and most definitely, perhaps because using e-kyc ensures the integrity of the account opening process and eliminates the risk of identity theft or opening accounts using proxy documents or passports obtained fraudulently... or by way of deed poll in some countries which allow such a heretical practice! True. But there are questions to be asked. Who will have access to the data collected on the movement of the individual account holder when they access cash or use other services? How will the ID data and other data produced by usage be stored and secured? How easy will it be to freeze an account of someone who was alleged to have committed a crime, or simply annoyed someone in power? What are the policies, procedures and controls to prevent abuse of the system? There are some countries investing heavily in facial recognition and biometric technology and its potential uses in security and control of populations. Link to comment Share on other sites More sharing options...
bkkcanuck8 Posted October 7, 2019 Share Posted October 7, 2019 7 minutes ago, animalmagic said: True. But there are questions to be asked. Who will have access to the data collected on the movement of the individual account holder when they access cash or use other services? How will the ID data and other data produced by usage be stored and secured? How easy will it be to freeze an account of someone who was alleged to have committed a crime, or simply annoyed someone in power? What are the policies, procedures and controls to prevent abuse of the system? There are some countries investing heavily in facial recognition and biometric technology and its potential uses in security and control of populations. They already freeze accounts of people who have annoyed the wrong people... nothing new. Who will have access... knowing security standards... anyone that can type your name and enter 'password' as the password (or a blank) Link to comment Share on other sites More sharing options...
jlwilliamsjr18 Posted October 7, 2019 Share Posted October 7, 2019 Wait for it, the deeper the well, the more the intrigue. Expect full on taxation in the next phase on all work and even pensions. There's an air of desperateness at work here. Link to comment Share on other sites More sharing options...
jlwilliamsjr18 Posted October 7, 2019 Share Posted October 7, 2019 Think about it, how many people do you know who work without papers, hold bank accounts, own property and don't report their earnings? This is not new, a previous prime minister had grand plans to monetize temples, prostitution/escort/massage centers via taxation. There's a mad search for revenue that doesn't bank on tourism as it's only golden goose. Don't believe it, look at the recent government giveaways. Money is very addictive. Link to comment Share on other sites More sharing options...
bangkoken Posted October 7, 2019 Share Posted October 7, 2019 These systems will allow "Big Brother" to know just about anything and everything about what used to be your personal business. You can be sure that this "New" technology is being inspired and backed by the current Thai regime. Link to comment Share on other sites More sharing options...
worgeordie Posted October 7, 2019 Share Posted October 7, 2019 4 hours ago, webfact said: “However, so far none of the participants has been able to successfully complete the project due to minor issues that need to be resolved Windows XP. regards Worgeordie Link to comment Share on other sites More sharing options...
Teee Posted October 7, 2019 Share Posted October 7, 2019 Stop all the moaning about this. They already use it at the Airports....so if you think its a bad thing to use for Bank Accounts because you are worried they will sell your data....maybe its sold already via Immigration. If you dont like they way Thailand is run with certain rules...then leave and find somewhere else to live and pay for cheap girls to keep you company in your lonely lives Link to comment Share on other sites More sharing options...
StayinThailand2much Posted October 7, 2019 Share Posted October 7, 2019 3 hours ago, FarFlungFalang said: Why?Control.Like China.If you do not comply with government directives you can be punished digitally.Think SkyNet in Terminator. Also, watch out for more difficulties in opening a simple savings account as a foreigner. In China, in many shops where they sell SIM cards, you, as a foreigner, cannot even buy one, cause they need a Chinese ID card and -number, so a foreign passport won't 'qualify'. If they made a system in Thailand 'tailor-made for only Thai ID cards', then good luck opening a bank account as a foreigner in the future... Link to comment Share on other sites More sharing options...
natway09 Posted October 7, 2019 Share Posted October 7, 2019 They all have my details & transactions for the last 29 years anyway. The tax avoiders will be in for a surprise though Link to comment Share on other sites More sharing options...
thaistocks Posted October 7, 2019 Share Posted October 7, 2019 So Now, besides our data's every click through surveillance capitalism, they now want to know our bodies to. Link to comment Share on other sites More sharing options...
PETERTHEEATER Posted October 7, 2019 Share Posted October 7, 2019 I'm bored with all this. Can I come play in the sandbox?) Link to comment Share on other sites More sharing options...
Tayaout Posted October 7, 2019 Share Posted October 7, 2019 25 minutes ago, StayinThailand2much said: Also, watch out for more difficulties in opening a simple savings account as a foreigner. In China, in many shops where they sell SIM cards, you, as a foreigner, cannot even buy one, cause they need a Chinese ID card and -number, so a foreign passport won't 'qualify'. If they made a system in Thailand 'tailor-made for only Thai ID cards', then good luck opening a bank account as a foreigner in the future... I saw a vlog the other day. The guy can't even buy a train ticket anymore without relying on his Chinese wife. They also have a rating system for foreigners. Link to comment Share on other sites More sharing options...
Matzzon Posted October 7, 2019 Share Posted October 7, 2019 Will that make it easier or harder to open a bank account? Link to comment Share on other sites More sharing options...
alant Posted October 7, 2019 Share Posted October 7, 2019 I can see it now. scan your fingerprint, printer prints out 5 copies, manually stamp each copy with signing box and then sign in the box, retina scan, print out 5 copies, manually stamp signing box, sign in box. Copy passport (all pages) copy passbook, fill in application form, 5 copies, sign all copies.......... Link to comment Share on other sites More sharing options...
otherstuff1957 Posted October 7, 2019 Share Posted October 7, 2019 I'm sure that biometric ids will be used in addition to the regular paperwork, rather than replacing it. Link to comment Share on other sites More sharing options...
Tayaout Posted October 7, 2019 Share Posted October 7, 2019 6 minutes ago, Matzzon said: Will that make it easier or harder to open a bank account? It won't change anything unless you are a fraudster. Link to comment Share on other sites More sharing options...
dcnx Posted October 7, 2019 Share Posted October 7, 2019 5 hours ago, BestB said: One question . Why? what is wrong with using thai ID cards or passports ? Because it will be better to have a system that isn’t maintained and doesn’t work when you really need it to. Plus, someone is going to make a lot of money putting these in. Link to comment Share on other sites More sharing options...
Tayaout Posted October 7, 2019 Share Posted October 7, 2019 Just now, dcnx said: Because it will be better to have a system that isn’t maintained and doesn’t work when you really need it to. Plus, someone is going to make a lot of money putting these in. We are talking about bank here not the government. Link to comment Share on other sites More sharing options...
dcnx Posted October 7, 2019 Share Posted October 7, 2019 35 minutes ago, StayinThailand2much said: Also, watch out for more difficulties in opening a simple savings account as a foreigner. In China, in many shops where they sell SIM cards, you, as a foreigner, cannot even buy one, cause they need a Chinese ID card and -number, so a foreign passport won't 'qualify'. If they made a system in Thailand 'tailor-made for only Thai ID cards', then good luck opening a bank account as a foreigner in the future... You can get a SIM card with your passport. But a bank account is another beast. Link to comment Share on other sites More sharing options...
Call Posted October 7, 2019 Share Posted October 7, 2019 They have to make something out of Thailand 4.0 Link to comment Share on other sites More sharing options...
Guderian Posted October 7, 2019 Share Posted October 7, 2019 Link to comment Share on other sites More sharing options...
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