High street banks are still playing catch up.
It’s been a week of playing catch up as Lloyds Bank launched card freezing (albeit only for credit card holders) and today TSB boasts that it has finally added current account opening with a selfie.
Still, TSB says the feature will help it cut down on fraudulent account applications and speed up the account opening process.
It’ll also be a relief for would-be TSB account holders who no longer have to drag themselves into a bank branch.
“We know that life can take over and that quick lunchtime visit to a branch might not happen,” said Pol Navarro, TSB’s Digital Director.
“With this new experience, we are making banking better and enabling customers to fully complete their application in a way that fully suits their busy lifestyles: just with a simple selfie.”
In order to do the processing, TSB has partnered with Jumio, the fintech that also powers the facial recognition tech behind Monzo, HSBC and WorldRemit’s account opening processes.