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 attackers 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 spur the development of new digital services that will help 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.
Read more related materials:
Big Brother is watching you: Moscow company introduces a new system for anonymous employee tracking
Terminals for payment using biometrics from T-Bank have begun to be installed in Moscow
Biometric fare payment has become available on all turnstiles of two lines of the Moscow Metro
Now on home
Start of deliveries scheduled for 2027
Over 51,000 new motorcycles were sold in Russia in 2025
The car will take at least a year to assemble
The application's audience has reached 20 million users
The model will be included in the list of cars for taxis, price - from 2.25 million rubles
All parking lots of the "Administrator of the Moscow Parking Space" are connected to the service
The cars will be supplied to the Moscow Transport Service Directorate
Deliveries to India may begin in 2028
The technology provides automated search for all types of defects in power units
The plane flew 500 km, accelerating to 425 km/h
The plant stated that the information about the termination of purchases for models 6 and 8 is not true
Scientists are using the "Ekran-M" installation