Bank of Bogota launches version 10.14 of its Mobile Banking application, which provides better and more robust security conditions for customers, integrating improvements in the facial recognition system.
With these updates, Banco de Bogotá customers can make immediate interbank transfers, free of charge, and the recipient’s phone number, through the functionality ‘to a cell phone’.
(Also read: How to withdraw money from Paypal at an Efecty point? We will tell you)
Vanexa Romero – WEATHER
Transfers can also be made through Transfiya to other banks. The service is available for a maximum of 15 daily transfersthat do not exceed 2 million pesos.
Similarly, the application allows you to make payments using QR codes and integrate a new fast payment button in which there are some elements such as payment of public bills, credits and transfers, among others.
The Banco de Bogotá application integrates artificial intelligence systems that provide unique and personalized experiences to each of its users, through profiles that optimize requests for consumer products.
Similarly, the financial institution has a facial recognition system developed by its digital laboratory, which has analyzed more than three million faces, and it is expected to continue adding more profiles in order to strengthen the system that also has an autonomous learning model.
(Also read: Grupo Aval announces replacements in the presidencies of the Bogotá and Occidente banks)
“We have strengthened our digital tools achieving a fraud reduction rate of 97 percent and with these new updates we will continue to provide more and better security guarantees to our clients”, explained Óscar Bernal, Vice President of Technology at Banco de Bogotá.
Currently, the Banco de Bogotá mobile application performs facial recognition on 40 percent of the clients of the digital web flows.
