Speaking at the launch at FNB’s headquarters in Sandton, CEO Jacques Celliers said Selfie – the name of the service – was the bank’s latest step towards paperless banking.
He said the app would move the bank “from being a digital innovator to being a data-driven contextual platform disruptor”. It had taken at least 18 months to build and involved more than 500 tech staff members. The bank was leveraging the relationship it had with third parties like the Department of Home Affairs to make it a success.
“The real message is that we are on this exponential helpfulness journey. And now, with the help of technology, we can do so much more than we used to do. That’s our purpose,” Celliers said.
With Selfie, existing and new FNB customers can upload selfies on the FNB App, which captures biometric information. The app is linked to the Home Affairs Department and uses Google Maps to validate addresses, doing away with paperwork for proof of residence.
CEO of FNB Business Mike Vacy-Lyle said the tech industry in South Africa was growing at a healthy rate, and the level of security on the FNB App was higher than paper, although he stressed that no system was completely immune to scams.
“I am encouraged by the number of fintech activities that are happening in South Africa right now. It is making us increasingly competitive,” Vacy-Lyle said.
– African News Agency