Siritida Panomwan, Bank of Thailand’s assistant governor for payment systems policy and financial technology group, said on Monday (October 7) that 10 commercial banks and non-bank financial institutes were participating in BoT’s regulatory sandbox project to test-run the use of biometric technology known as e-kyc (electronic know your customer) to electronically verify the identity of customers.
“However, so far none of the participants has been able to successfully complete the project due to minor issues that need to be resolved, but the BoT is positive that the participants will finish the biometric test run before the end of fourth quarter,” she said.
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