Confirming banking operations using facial biometrics significantly reduces the likelihood of fraud, said Alexander Pakhomov, Deputy President and Chairman of the VTB Management Board, at the Eastern Economic Forum (EEF). According to him, the technology makes unauthorized access to customer funds virtually impossible, even if fraudsters have a photograph or a generated image.
VTB has already connected several million customers to the state biometrics system in its online bank. In the first half of 2025, only 0.0025% of them faced attempted theft of funds. The bank's anti-fraud system requires biometric confirmation for suspicious transactions, which blocks the actions of fraudsters. Pakhomov noted that the technology is resistant to counterfeiting, including images created by neural networks.
Biometrics is already used in everyday life: for purchases, access to work, and fare payment. According to Pakhomov, in the financial sector, it is becoming a new security standard, protecting customer data and funds. VTB expects that in the coming years, biometrics will become an industry standard, contributing to the development of new digital services and reducing the level of fraud.
We expect that in the near future, biometrics will become an industry standard and will spur the development of new digital services that will allow, among other things, to eradicate the problem of fraud.
The Eastern Economic Forum, where the statement was made, is taking place in Vladivostok from September 3 to 6, 2025. VTB continues to implement biometric technologies to improve the security of its services.
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