The "new regulations" introduced by banks herald the arrival of the "face-swiping era"

Recently, a piece of news has attracted the attention of many Chinese people, that is, banks will ignite the strongest fire in the "face-swiping era" and vow to completely bring our country into the "face-swiping era." It is reported that starting from April 1st, all ATM business in Guangzhou will not require card insertion or reservation, and will all use "face recognition". From withdrawing money, depositing money to transferring money and other business operations, you only need to stand in front of the camera and swipe your face, and all the ATM business will be smooth.

Although Alipay and WeChat were the first to propose the concept of "face-swiping era", they were also the first wave of companies to use "face-swiping" technology. However, if you want to push the country into the "face-swiping era", you will definitely need the boost from banks. This time, Guangzhou Bank took the lead in covering the city’s ATMs with “face scanning” technology, which means that my country’s banks have officially entered the “face scanning era” and more business will be handled by themselves through “face scanning” in the future.

Is the bank’s “face scanning business” really safe?

Regarding the "face scanning business" launched by banks, a common question from the outside world is, is it safe? Frankly speaking, when we enter the "face-swiping era", we will be "face-swiped" all the way from bank ATMs to crossing the road. You have to understand that no matter whether it is safe or not, if there is a problem, this person will definitely not be able to escape.

Therefore, you can safely “swipe your face” in front of bank ATMs and enjoy faster services. As for safety, the following four points can give you complete peace of mind.

First of all, the "face scanning service" has actually been trial run in banks for a long time, and now it is only officially being promoted externally. In other words, both the technology itself and its safety have been proven.

Secondly, the bank’s “face scanning service” has been launched in the country’s four major banks, which in itself is a guarantee of credibility.

In addition, if there are really "hackers" or criminals targeting the "face-swiping business", it will truly involve national financial security rather than simply touching criminal law issues. At that time, the regulatory authorities will fight these criminals until death. Moreover, China’s mobile payment and “face-scanning technology” can be said to lead the world, so security is completely guaranteed.

The last point is as mentioned at the beginning. Today's China has actually entered the "face-swiping era". It can be said that any criminal will find it difficult to move forward in the "face-swiping era". Moreover, "face-brushing" for doing business will bring every transaction within the scope of supervision. Coupled with the search capabilities of big data, it is possible to quickly capture the flow and whereabouts of funds, identify every node of the funds, and finally match the recipient of the funds. Therefore, even if criminals are hiding behind their backs, they cannot escape tracking. The reason is simple. The "money" in our eyes is actually a set of data. As long as the data can be traced, our money is always safe.

So, as I said before, you can do business by “swiping your face” with confidence and boldness, and you don’t have to worry about the insecurity of “swiping your face” in the bank.

Will "swiping your face" expose privacy and cause "privacy security" issues?

Frankly speaking, do you think your mobile phone is "private enough"? When you install takeout software and click "Allow access to information", your privacy has actually been obtained by the software service provider. At the same time, you have just searched and browsed something of interest on the Internet, and the next second you will see the homepage on the shopping platform recommending the item you just browsed to you. Let me ask, "Are you private enough?"

In fact, handling the "face scanning business" at the bank will naturally protect the user's information security from being leaked. However, in fact, everyone’s privacy has no cover in the face of big data. The era of big data is actually an era without much “privacy”. The way to protect privacy is not not to leak it, but to adopt a stricter supervision mechanism. Once criminal behavior that illegally leaks privacy is discovered, high-tech technology will be used to catch it and bring it to justice.

Furthermore, if you want to ensure "privacy and security", even if you don't go online and uninstall the mobile apps one by one, you may still not be able to guarantee the absoluteness of "privacy". Because the most powerful function of big data is extremely complex "correlation". Your parents, your family, your colleagues and friends, as long as you are still in this social system, your data will continue to accumulate and superimpose, so there is no need to worry about whether the "face scanning" launched by the bank will be exposed. Issues like privacy. Because this is not the "privacy era".

In that case, why bother. The bank's "face scanning business" is just the beginning. In the future, all walks of life will gradually adopt face scanning technology. From access control to shopping malls, supermarket checkouts, small restaurant checkouts, etc., "face scanning" applications will be everywhere. All in all, in the future, "face scanning business" will be more convenient and popular than today's mobile payment, and will become an indispensable part of many people's lives.

Isn’t scanning QR code “favourable” to pay? Why do we need to go through all the trouble of "showing off our face"

In fact, many Chinese people are confused. Isn't it good to scan the QR code to pay? Why bother to promote the "face brushing" business? The reason seems to be for the convenience of people's daily life, but the real reason is actually a bit complicated. It can be roughly summarized into four points. It is these four points that make banks have to take the step of "face recognition application".

First, the bank launched the "face scanning service" to update and collect facial information in real time. Provide facial database support for the "face-swiping era". You know, people will get older, but getting older requires a process. By constantly "swiping faces", everyone's facial information is always being collected and updated. Banks are obliged to collect and update facial information.

The second point is that in recent years, the country has been strengthening the supervision of cash flows. It’s not just cash withdrawals, but also big data processing of information such as the flow and use of digital cash, thereby helping the country screen out “problematic capital flows.” The "face scanning service" launched by the bank actually "matches and locks" key information such as capital flow, purpose, identity, and device location. For ordinary people, there is no impact at all. But for those criminals, it will be "fatal" because any of their financial transaction tracks will be truthfully recorded and fed back. By then, they won't be able to run away even if they want to.

The third point. Although scanning the QR code to pay is convenient, it has a "fatal flaw", which is that it allows consumers a few seconds to "repent." Today's "face payment" does not allow consumers to have any "time to think", but constantly urges consumers to consume as soon as possible. Once the consumption is "confirmed", "face-swiping settlement" will be synchronized in the future. Therefore, in the "face-swiping era", the speed of consumption will further increase, approaching "second settlement". Of course, the "rational saving" people want will become more difficult. But for banks and related companies, it is something that they are happy to see happen.

The fourth and most important point is that “scan QR code payment” is being eliminated and is not suitable for future payment scenarios. What does it mean? Today's scan-code payment mainly relies on mobile phones, but mobile phones are actually being phased out. In fact, whether it is Apple or Huawei, a large number of mobile phone companies are developing more convenient mobile communication devices that can replace mobile phones.

It is reported that Apple plans to launch an AR headset in 2022 and AR glasses in 2023. With the launch of AR glasses, the functions will become more and more perfect, and mobile phones will gradually withdraw from the market. By then, "swiping your face" will be more suitable for future technology products than "scanning the QR code". This changing trend does not only occur in the field of mobile phones or AR wearables, but will cover all walks of life.

Just like the "smart hotel" created by Jack Ma, the so-called AI unmanned hotel, if you "scan the QR code", it will really be out. Maybe the current experience is not perfect, but it will be a major trend in the future. Not just AI unmanned hotels, but also convenience stores and even banks.

In the future, "face scanning" will be directly connected to the bank's AI service system to conduct consultation and processing of various daily business. And this "fantasy" can be realized only with big data and more intelligent algorithms. Don’t forget that AI can learn on its own. At that time, the services provided by AI were even more thoughtful than those provided by humans.

At this time, "face recognition" is no longer limited to "payment services", but is embedded in AI scenarios of the entire society, including banks. It can be said that at that time, it was difficult to do anything without brushing one's face. Even if you don’t want to “swipe your face”, in the entire smart city, you are being “swiped” all the time. All people will be covered by "face scanning". This is the future, and it is becoming a reality. As for the bank’s “face-swiping service”, it is just an “interlude” at the beginning of this revolution.

In fact, compared with Alipay and WeChat, the bank’s “face scanning business” is already more than a beat slower. However, smart cities, the AI ??era, and the AI ??society are taking shape, and China is expected to become the first such country in the world. Naturally, there will be many difficulties. For example, the elderly may have difficulty adapting to such changes. So what to do?

What should the elderly do if it is difficult for them to adapt to the “face-swiping” service launched by banks?

Recently, the most common complaints are that it is difficult for the elderly to adapt to such high technology. What should we do? In fact, not only banks, but also all aspects of society are promoting this change. From the early "paperless office" to now, many institutions have canceled counter services and need to download "APP" to handle various business, which has gradually become a common thing. Just like the annual examination and retirement certificate for the elderly, there is no need to go to the counter window for business processing. You can operate it directly with your mobile phone. But what should I do if it doesn’t work? Similarly, when you arrive at the bank gate and face the "fresh" face-swiping business, the question remains: "What should you do if you don't know what to do?"

If you don't know how to "swipe your face" to handle business at the bank gate, the elderly can ask bank staff or the lobby manager for help, and they will explain the "swipe your face" operation to the elderly. Of course, the elderly can also turn to their children or the community to help them adapt to the current "technological era."

In fact, for most people in their 40s and 50s, WeChat and Alipay have been integrated into their lives, and "face-swiping" is no longer a "new thing" that people cannot understand. The elderly who really have difficulty adapting are mainly in their seventies or eighties. To put it bluntly, when our country is completely transformed into a smart city and "AI China", I am afraid that the post-90s generation will be close to retirement. Where are there people in the country who can't "swipe their faces" and are not adapted to this era?

Let me ask you, how many people born in the 2000s and 10s don’t know how to play with mobile phones and iPads? Even a 3-year-old child can have a great time playing with the mobile phone. This shows that at this stage of development in the future, the elderly will not become an obstacle to technological changes in the times. By the time this change is initially completed, those old people who did not adapt have long since turned into dust, and their grandchildren have become their original age. Therefore, today's elderly people are not only able to seek help, but they are also in a transitional stage. This stage lasts for a long time, enough to re-adapt to this era until the end of life.

Can’t you just “brush your face”? The general trend is where the interests are.

Someone once said that when facing the "face scanning" camera when withdrawing money, he felt that his every word and deed was being watched by a pair of invisible eyes. Isn’t it possible to “not brush your face”? The answer is no, because "face brushing" is the result of the development of the times, technological progress and huge interests.

"Face scanning" is the "underlying condition" of future smart cities. Only by realizing "real-time face scanning" can we create a smart city.

According to the "China Facial Recognition Industry Market Prospects and Investment Strategic Planning Analysis Report" released by my country's Forward-looking Industry Research Institute in 2018, the size of the "face recognition" recognition market in 2013 was only 861 million yuan. By 2017, the market size had more than doubled, reaching 2.19 billion yuan. In 2018, as my country's railway stations and airports began to introduce facial recognition technology for passenger identification, the market size is expected to increase to 2.76 billion yuan.

According to the report, the facial recognition market will reach tens of billions in 2024. As the saying goes, the direction of interests is the general trend. And as banks begin to comprehensively promote the "face scanning" business, this "general trend" will further accelerate. Along with this, a large number of companies such as Alibaba, Tencent, Baidu, Yuncong Technology, SenseTime Technology, Megvii Technology, etc. have entered the game and started fierce competition.

At present, competition is mainly concentrated in four aspects, namely hardware foundation, algorithm services, software and hardware integrated research and development, and end-point application services. It can be said that these four aspects cover almost all aspects of current life. In fact, the “face scanning” business currently launched by banks is only a small application of this related technology. In fact, there are still many attempts by banks to apply related technologies. For example, credit reporting systems supported by big data use intelligent algorithms to make loan decisions, etc. It’s just that these applications are not directly oriented to ordinary people, but they are changing our impression of banks from the inside out.

The “face scanning” technology used by banks is not “commercially available”

In fact, the “face scanning” technology used by banks is not “commercially available”, but has standards. The standards can be summarized as two major "technical indicators" plus an important performance indicator. Among them, the technical indicators are the "face brushing" acceptance rate, which is what people call the "accuracy rate." Usually, photos are used for testing, that is, two different photos of the same person are randomly selected to see whether they can pass the "face brushing" and be successfully authenticated by the system. The higher the pass rate, the higher the acceptance rate of the system. Another technical indicator, in contrast, tests whether the false acceptance rate, the so-called false recognition rate, is within an acceptable range.

After passing the two technical indicators of "acceptance rate" and "error acceptance rate", a performance indicator must be tested, that is, the comparison speed of the system. Simply put, it is the time it takes for the system to compare two pictures of the same person. The shorter the time and the higher the acceptance rate, the more complete the system technology and performance indicators will be.

As far as banks are concerned, generally speaking, the "misidentification rate" must be less than 1 in 10,000, and the "pass rate" must be above 90 to be considered qualified. Of course, the higher the better. In addition, the comparison speed is specified to be within 1 second. Under these standards, banks will compare and select a more suitable "face scanning" system. Therefore, the bank’s “face scanning” system is reliable and safe enough in terms of performance and technical indicators.

What should I do if I am worried about “facial brushing”? There is another trick that can be used as an "alternative"

Even after saying so much, I believe that some people are still worried about the "face-swiping" business and are worried about whether such a new technology will give them a Bank accounts pose security risks. What should we do in the face of this kind of worry? In fact, users also have an "alternative" plan, which is to ask more insurance companies to "insure" the safety of their business accounts. Once there is a problem with the account, resulting in a loss of funds, these insurance companies will make certain claims within the upper limit of the insurance amount. All in all, "facial brushing" is a major trend, and everyone must work hard to adapt to this trend.

The benefits of “face brushing” are often overlooked

What are the benefits of “face brushing”? In fact, there are many benefits, such as the payment process is safer and more convenient, and future consumption details are clear at a glance. For some Chinese who like to keep accounts, keeping accounts will actually become more convenient in the future.

In addition, with the expansion of the "face brushing" scene, there will be more "discounts" in the future.

For example, now, some shopping malls will launch "swipe your face to add membership activities". You only need to swipe your "face" to receive a gift. The relevant facial data will remain in the database. In the future, any of the company's activities will only require you to "swipe your face" to enjoy membership benefits. Perhaps, one day in the future, you will find that many people can enjoy various preferential activities in any scenario, but you can’t remember when you became a member. Because, “face-swiping membership” has become the norm.

Not only that, but also “swiping your face” to activate smart appliances in your home has become a reality. On your way to get off work, just "brush your face" and the smart water heater at home bound to your mobile phone may start heating, preparing hot water for you to take a bath in advance. The smart stove also starts working in advance to prepare simple dinners for you, etc. All of this can be done by simply "swiping your face". All in all, "face recognition" will become the basis for people to widely connect with everything around them in the 5G era.

Therefore, instead of worrying about and resisting the "face-swiping era", it is better to accept and face it calmly and enjoy the convenience brought by technology.