Taranaki Daily News

Video selfie ‘more secure’ for new customers: BNZ

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Bank of New Zealand will let new customers prove their identity and open bank accounts online by videoing their passport and taking a ‘‘video selfie’’. Identity verificati­on has become stricter around the world due to regulation­s such as anti-money laundering legislatio­n. But the bank said the option was an alternativ­e to new customers having to visit a branch. ‘‘To join up, you just take a video of your passport and a selfie video while you repeat a phrase supplied by BNZ as part of your online applicatio­n,’’ BNZ chief operating officer Howard Silby said. The service didn’t compromise security because using video for identifica­tion was ‘‘more secure and harder to defraud’’, he said. BNZ staff would still verify all sign-ups, ‘‘checking identifica­tion behind the scenes’’, he said.

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