{"id":104192,"date":"2025-12-12T15:45:12","date_gmt":"2025-12-12T10:45:12","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=104192"},"modified":"2025-12-12T15:45:17","modified_gmt":"2025-12-12T10:45:17","slug":"exchange-companies-to-adopt-facial-verification","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/exchange-companies-to-adopt-facial-verification.html","title":{"rendered":"Exchange companies to adopt facial verification in biometric checks"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) has directed all exchange companies (ECs) to incorporate facial recognition into their biometric verification procedures by January 1, 2026, in line with instructions issued by the Ministry of Interior and Narcotics Control.<\/p>\n\n\n\n<p>The new requirement expands the current biometric protocols, which presently rely on thumb and fingerprint verification through NADRA. According to a recent SBP circular, Chapter 7 of the Regulatory Framework for Exchange Companies mandates biometric verification of customers, and the integration of facial recognition is intended to ensure uniform, consistent, and enhanced security across all identification systems.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/rda-records-millions-usd-inflows.html\" target=\"_blank\" rel=\"noreferrer noopener\">RDA achieves billion dollars in inflows, experts cite stability<\/a><\/p>\n\n\n\n<p>Exchange companies have been instructed to take all necessary administrative and technical measures to meet the deadline. Industry officials noted that ECs already perform real-time thumb and fingerprint verifications through NADRA before processing transactions and maintain six months of CCTV recordings as part of their compliance obligations.<\/p>\n\n\n\n<p>The introduction of facial recognition is expected to strengthen the security framework for financial transactions, enhance customer identification, and reduce the risk of fraud in the exchange sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has directed all exchange companies (ECs) to incorporate facial recognition into their biometric verification procedures by January 1, 2026, in line with instructions issued by the Ministry of Interior and Narcotics Control. The new requirement expands the current biometric protocols, which presently rely on thumb and fingerprint verification through NADRA. According to a recent SBP circular, Chapter 7 of the Regulatory Framework for Exchange Companies mandates biometric verification of customers, and the integration of facial recognition is intended to ensure uniform, consistent, and enhanced security across all identification systems. Read: RDA achieves billion dollars in inflows, experts cite stability Exchange companies have been instructed to take all necessary administrative and technical measures to meet the deadline. Industry officials noted that ECs already perform real-time thumb and fingerprint verifications through NADRA before processing transactions and maintain six months of CCTV recordings as part of their compliance obligations. The introduction of facial recognition is expected to strengthen the security framework for financial transactions, enhance customer identification, and reduce the risk of fraud in the exchange sector.<\/p>\n","protected":false},"author":18,"featured_media":101697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[13598,69851,46715,69853,69852,2730,58313,69141,6066,2631],"persona":[],"class_list":{"0":"post-104192","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-biometric-verification","9":"tag-customer-identification","10":"tag-exchange-companies","11":"tag-facial-recognition","12":"tag-financial-security","13":"tag-nadra","14":"tag-pakistan-news","15":"tag-regulatory-compliance","16":"tag-sbp","17":"tag-state-bank-of-pakistan","18":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exchange companies to adopt facial verification - Zameen News<\/title>\n<meta name=\"description\" content=\"According to a recent SBP circular, Chapter 7 of the Regulatory Framework for Exchange Companies mandates biometric verification of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/exchange-companies-to-adopt-facial-verification.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exchange companies to adopt facial verification - Zameen News\" \/>\n<meta property=\"og:description\" content=\"According to a recent SBP circular, Chapter 7 of the Regulatory Framework for Exchange Companies mandates biometric verification of...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/exchange-companies-to-adopt-facial-verification.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-12T10:45:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-12T10:45:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2025\/03\/Remittances.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Exchange companies to adopt facial verification - Zameen News","description":"According to a recent SBP circular, Chapter 7 of the Regulatory Framework for Exchange Companies mandates biometric verification of...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/exchange-companies-to-adopt-facial-verification.html","og_locale":"en_US","og_type":"article","og_title":"Exchange companies to adopt facial verification - Zameen News","og_description":"According to a recent SBP circular, Chapter 7 of the Regulatory Framework for Exchange Companies mandates biometric verification of...","og_url":"https:\/\/www.zameen.com\/news\/exchange-companies-to-adopt-facial-verification.html","og_site_name":"Pakistan Real Estate News &amp; 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