US banks turn to AI to tell homeless people to go away — along with fraud prevention and stuff

US banks turn to AI to tell homeless people to go away — along with fraud prevention and stuff


Banks have long embraced surveillance systems to prevent robbery. But they’re also using the technology to monitor customers, workers, and homeless people. Several US banking giants are implementing AI cameras to analyze customer preferences, track what staff are doing, and observe activities around their premises, Reuters reports. The tools are being used for a variety of purposes. Wells Fargo is leveraging the tech to prevent fraud, while City National plans to deploy facial recognition near ATMs as authentication methods. JPMorgan, meanwhile, has been using computer vision to analyze archive footage of customer behavior. Their early analysis found that more men arrive before…

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