Selfie Verification System for Banking
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Selfie Verification System for Banking

Inspired by a conversation on:

Two Blokes Talking Tech

Two Blokes Talking Tech

TBTT #698 - Apple Event, New Pixel and Selfies for a Bank Account

Host: Trevor Long and Stephen Fenech

Timestamp: 00:38:07 - 00:41:01

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Feather Flow

Direct Quote

"They're going to want you to do a selfie video, which they can then use computer technology to verify, does that video face match the passport photo or the driver's license?"

Summary

The NAB (National Australia Bank) has launched a selfie verification system for opening new accounts, which could serve as a model for other banks and fintechs. The process requires customers to provide a video selfie that is compared against official ID photos to establish identity. This system addresses the growing need for secure, remote identity verification in a digital banking environment. Entrepreneurs can implement this by creating a software solution that integrates with existing banking systems, ensuring compliance with regulatory requirements while providing a smooth user experience. The target audience includes banks, credit unions, and fintech companies looking to enhance their customer onboarding processes.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
High
Time to Revenue
6-12 months
Initial Investment
> $10,000

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7/10
Found on August 28, 2025 • Analyzed on August 28, 2023 7:10 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your high difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 6-12 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available > $10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

Digital ID Verification Platform

The conversation highlights the need for a digital ID verification system that could streamline identity confirmation processes across various sectors, including finance and government services. Entrepreneurs can create a digital ID verification platform that allows users to securely manage their identity information, share it with authorized services, and confirm their identity without needing to provide physical documents or selfies. This platform would cater to businesses in finance, healthcare, and e-commerce, helping them comply with regulations while enhancing user experience and security. The emphasis on privacy and security will be crucial for gaining user trust.