The firm, which has 2.7 million customers, is adding 'wealth protection,' an extra layer of biometric identification, after reports of unauthorized transactions and fraudulent activities. This feature will use selfies or fingerprints to verify customer identity for transactions, aiming to prevent theft and fraud.
Revolut clarified that the new security layer is designed to protect funds in certain sections of the app, but it's unclear if it covers payments made by scammers who gain access to accounts. They mentioned other banking apps usually rely on single biometric authorizations.
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