President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
HSBC business customers can now open new accounts by taking a selfie picture in order to verify their identity.
A mobile app uses facial recognition software to take a headshot of a customer, which is then compared against a photo ID uploaded by the customer, such as a driver's licence or passport.
This change is intended to simplify and speed up the process of opening a new account using a mobile or digital device, and reflects the increasing tendency of customers to open accounts online.
Almost half of all new HSBC business accounts are now opened online, compared to just 10 percent of accounts in 2013, according to the bank.
"Through simplifying the ID verification process, we'll be able to save our business customers time and open accounts quicker," said Richard Davies, HSBC's head of global propositions for commercial banking, in a press release published Monday.
"We also expect the convenience and speed of a selfie to become the verification method of choice for our customers, who no longer need to visit a branch to complete the process."
HSBC is the latest bank to adopt biometric technology to improve security. Biometrics include the use of facial recognition, fingerprint scans and even measuring heartrate, in order to verify a customer's identity.
For instance, and Bank of Montreal both outlined plans earlier in the year to introduce biometric checks for credit card customers.
"I think the whole biometric space is a great way of protecting yourself when you are doing payments," Ann Cairns, head of international markets for MasterCard, told CNBC in February.
"There are a whole range of biometrics that say 'I'm me, I'm making a payment' and it just makes the whole thing more secure."
Biometric security is becoming more common because it is more convenient for consumers and the technology has become cheaper, but there are still some problems.
"Facial recognition is a good example of biometric authentication that can still prove challenging to implement, as it tends to be prone to a high false positive rate. Something as simple as a pair of sunglasses could falsify or reject a facial scan," Sian John, chief strategist EMEA at Symantec, told CNBC via email in April.
"While there is still a long way to go in biometrics becoming the norm for authentication, it's clear to see the long-term benefits on offer. After all, a pin can be stolen with a quick glance over your shoulder. However stealing a fingerprint? That's a little more difficult."