Protecting Data Privacy: UnionBank supports regulation of Facial Recognition Technology
Facial Recognition The use of facial recognition technology (FRT) has recently gained popularity among banks, airports, and event venues. As more and more users opt to take advantage of the convenience this technology brings, it is high time for the law to provide them with safeguards to ensure that such innovation be used only with the safety and security of everyone in mind. FRT is undeniably an invaluable tool, but it also poses privacy and security issues. This is why regulation of the said technology is important. As a leading digital bank that puts premium on the security of its consumers online, Union Bank of the Philippines (UnionBank) fully supports the proposed House Bill 6094 for Regulating the Use of Facial Recognition Technology (FRT). We want consumers to be more aware of the technologys implications to them. We would like to emphasize that we are doing necessary precautions to protect the consumers privacy and security while letting them enjoy the ease of facial recognition in our applications, said global data science expert Dr.
Protecting Data Privacy: UnionBank supports regulation of Facial Recognition Technology
Facial Recognition The use of facial recognition technology (FRT) has recently gained popularity among banks, airports, and event venues. As more and more users opt to take advantage of the convenience this technology brings, it is high time for the law to provide them with safeguards to ensure that such innovation be used only with the safety and security of everyone in mind. FRT is undeniably an invaluable tool, but it also poses privacy and security issues. This is why regulation of the said technology is important. As a leading digital bank that puts premium on the security of its consumers online, Union Bank of the Philippines (UnionBank) fully supports the proposed House Bill 6094 for Regulating the Use of Facial Recognition Technology (FRT). We want consumers to be more aware of the technologys implications to them. We would like to emphasize that we are doing necessary precautions to protect the consumers privacy and security while letting them enjoy the ease of facial recognition in our applications, said global data science expert Dr.