From July 1 the banks are allowed to collect and store biometric information of customers. From this day the banks can collect and store biometric data of customers (Law No. 482-FZ).

      The system will work in the following way: the customer passes the primary identification in the bank – his/her photos are taken, the voice is recorded, the agreement to the processing and storage of data is obtained. Then the bank sends the data to a united banking system. Further the customer has to be authorized in the united system of identification and authentication (USIA) and confirm his/her biometric data using a gadget. After that, the bank’s customers will be able to use a part of the services remotely. For example, they will be able to open an online deposit or receive a loan. Today 20 credit institutions have joined the unified system. These include: Sberbank, VTB and Alfa-Bank. Over time biometrics will be introduced in all credit institutions.

      Fins more about the Russian Law No. 482-FZ and consult our attorneys.