Couchonomics with Arjun EP28 How Facial Recognition will Sculpt the Future of Finance | Mihai Draghici, PayByFace
Mihai Draghici joins us on the couch from a busy day on the road. Travelling all the way from Bucharest, he brings with us the exciting story of how the idea for his innovative FinTech company, PayByFace, came about. Coming from an engineering background, Mihai had the bright idea that facial recognition could prove to be a convenient, safe payment system. After all, you never forget your face at home.
Mihai paints a picture of how transactions will be affected by facial recognition payments. This reveals Mihai’s vision for the company: he believes there is a way for transactions to transcend payments. With some effort and attention, Mihai hopes to gamify payments and turn them into a fun, enjoyable experience.
Mihai also shares with us
· Why he believes facial recognition will out-perform other biometrics
· Applications of facial recognition beyond commerce
· How to face privacy concerns around facial recognition
Timeline
00:00 – Introduction
03:00 – What sets facial recognition technology apart
10:00 – Opportunities for facial recognition
16:00 – Data and privacy concerns
22:00 – Facial recognition in MENA
26:00 - Conclusion
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HOST
Based in Dubai, Arjun is actively engaged with the Fintech & Start-up ecosystem across the MENA Region and beyond- as a passive investor, an advisory board member and as a commentator on the rapidly evolving scene.
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PARTNERS
Couchonomics with Arjun Singh is brought to you by our
partners from:
Adyen, a reliable end-to-end payments solution that enables businesses to turn
payments into a strategic growth driver:
LuLu Financial Group, a global financial services provider headquartered in Abu Dhabi
and operating in 11 countries:
M2P, Asia’s leading payment infrastructure company that enables businesses of any
scale to embed financial products:
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