HSBC will now let you open a new bank account with a selfie

In an effort to streamline its application process, HSBC will enable business customers to pass the identity checks required to open new accounts by taking a selfie. Clients using the bank’s mobile application will have to take a self-portrait using the front-facing camera on their Android or iOS smartphone. This photograph will then be cross-checked with the image on their driving license or passport. “Through simplifying the ID verification process, we’ll be able to save our business customers time and open accounts quicker,” said HSBC’s head of global propositions for commercial banking, Richard Davies. “We also expect the convenience and…

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HSBC will now let you open a new bank account with a selfie