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VTB BANK (PUBLIC JOINT-STOCK COMPANY)

(VTBR)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/20 11:39:02 am
1.314 USD   -3.38%
09/17VTB BANK PUBLIC JOINT STOCK : Moscow Metro to test payments using facial recognition
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09/16VTB BANK PUBLIC JOINT STOCK : (PJSC) Profile
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09/13VTB BANK PUBLIC JOINT STOCK : Investor Presentation
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VTB Bank public joint stock : , Visa intro facial recognition payment solution

07/12/2021 | 11:11am EDT

VTB Bank, a Russian bank, has partnered with Visa to launch a facial recognition payment solution. Vision, a contactless technology provider, is offering its O.Vision facial recognition app, which customers can link to their payment cards for contactless purchases, according to a press release.

The companies are currently piloting the service for the KiO Kitchen network of shops in St. Petersburg. All of the shops have terminals with cameras that customers can look into to pay. O.Vision uses a biometric registration database of more than 1 million people to ensure accuracy.

"The pilot with O.Vision will allow us to test the facial recognition technology for payment, and evaluate the maturity, accuracy, and speed of recognition algorithms that ensure the security of payments," Sergey Bezbogov, head of the department of management and coordination of technological changes, VTB Bank, said in the release. "The solution has a built-in anti-spoofing system, which avoids the possibility of identity substitution when paying by facial biometrics. The identification algorithm analyzes many parameters and minimizes the probability of false admission."

Copyright © 2021 Networld Media. All rights reserved., source Industry News

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Financials
Sales 2021 795 B 10 821 M 10 821 M
Net income 2021 226 B 3 078 M 3 078 M
Net Debt 2021 - - -
P/E ratio 2021 3,09x
Yield 2021 11,9%
Capitalization 625 B 8 513 M 8 513 M
Capi. / Sales 2021 0,79x
Capi. / Sales 2022 0,74x
Nbr of Employees 77 211
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 96,52 RUB
Average target price 110,48 RUB
Spread / Average Target 14,5%
EPS Revisions
Managers and Directors
Andrey Leonidovich Kostin Chairman-Management Board & President
Dmitriy Grigorenko Chairman-Supervisory Board
Artur Matthias Warnig Member-Supervisory Council
Igor Nikolayevich Repin Independent Member-Supervisory Council
Yves-Thibault de Silguy Independent Member-Supervisory Board