Biometrics

Financial services companies partner up to replace legacy access control with biometrics

by BiometríaTechnology

Several banks, fintech, and financial services companies have found partners to provide biometric authentication for secure onboarding and transactions, with facial, finger vein, and voice recognition.

Santander Argentina has tapped FacePhi and its partner Compusistem to provide biometric onboarding through the SelphID facial recognition product, according to an announcement from FacePhi.

SelfID will be used for onboarding through iOS and Android mobile apps, as well as the bank’s website.

Santander Argentina has 460 branch offices and 3.7 million clients, making it the country’s largest private bank by savings and volume of credit, the announcement says.

“Argentina is a strategic market in our expansion, where we maintain a strong setting up through different organizations that have been using our technology for some years now,” notes FacePhi CEO Javier Mira.

FacePhi says its customer base increased by 13 in 2019, and is now over 40 organizations, mostly in financial services, with some in healthcare.

Fingopay trials biometric bank retail system

Fingopay and payments company Reflow are trialling a strategic open banking retail system, enabling live bank-to-bank payment with Finger VeinID. The partnership reduces costs for retailers and merchants making bank-to-bank transactions, and lowers settlement to three hours, instead of the three to five-day lag typically associated with card payments, according to a company announcement.

Fingopay, which uses Hitachi’s VeinID technology to enable fast, secure transactions, is planning its global launch for later this quarter from its Manchester headquarters.

“Our biometric finger vein payment technology offers an innovative and unique way for Reflow to combine bank-to-bank payment with physical, face to face payments at point of sale, and this trial demonstrates the future potential of this type of identity authenticated customer experience,” comments Nick Dryden, CEO of Fingopay parent Sthaler.

Matches are made against a cloud database in two seconds, and no card or mobile device is needed to complete a payment.

ValidSoft implemented by financial services company

ValidSoft voice biometrics are being integrated with banking and bookkeeping services from Amaiz through a new partnership announced by the companies.

Amaiz customers can perform transactions through all channels with the security of biometric voice recognition, eliminating the need to use a password or security device for access, the companies say.

“Amaiz are at the forefront of digital banking and innovation in financial services; they’re prepared to think differently about security and are passionately concerned with meeting and exceeding their customers’ expectations in new and exciting ways,” says ValidSoft CEO Pat Carroll. “Our world leading voice biometric solution will enable them to deliver on those expectations. We look forward to a fruitful partnership.”

Latvian bank offers remote biometric onboarding

Latvian bank Luminor has partnered with fintech company Ondato to offer remote customer verification for onboarding with a biometric selfie and ID document solution. The technology integration allows Latvians to open a bank account by using an electronic signature or a Smart-ID Qualified application without visiting a branch.

The new remote identification solution leverages multi-level verification checks, according to eh announcement, including reviews of customer data and documents in databases and registers.

“Ondato is the industry leader in innovative technology solutions, offering digital identity authentication services. Collaboration with Luminor is the best example of how fintech companies and the banking industry can combine their experience to leverage the digital potential of new technologies for the convenience of their customers,” states Liudas Kanapienis, CEO of Ondato.

Signzy onboarding solution wins Indian award

An AI-based video KYC solution has won regtech startup Signzy the Most Innovative Fintech Data Solution Provider award for 2020 from the Internet and Mobile Association of India (IAMAI), according to a company announcement.

The Real Time Digital Onboarding for Current Account Customers product provides real-time customer onboarding, identity verification, and fraud detection for banks and financial institutions.

“As Signzy wins for the third consecutive year (2018-2020), we are humbled by the achievement and look towards contributing to the future of Digital Banking with more innovative and AI-enabled solutions. We dedicate this achievement to all our customers, who presented us with opportunities, our investors for their constant support and confidence and our employees, who have been a pillar of strength,” says Ankit Ratan, co-founder of Signzy.

 

By: https://www.biometricupdate.com/ 

Huella dactilar dato biométrico

BIONECS IS THE KIT THAT HELPS YOU RECORD DATA IN JUST MINUTES

by Technology

NECS PRESENTS THE ONLY KIT THAT WEIGHS LESS THAN 5 KILOS AND THAT HELPS YOU RECORD BIOMETRIC DATA IN A QUICK AND SIMPLE WAY.

 

In New England Computer Solutions we have designed the best Biometric Kit for your company. With various functions, BIONECS is what you need when creating a database about your customers or simply issuing documents.

The Kit includes a removable biometric tablet that can be used as a verification terminal after the registration phase, a truly unique thermal card printer with NFC chip, ideal for voter cards or temporary identification cards, Portrait camera , variety of fingerprint solutions, among many others.

BIONECS is the best option for your company, because it is a kit with a full range of functions. For example, if you want to register your users to open a bank account, in a secure way, with the biometric data capture offered by our kit you can achieve it. In turn, if you want to make a passport opening, then BIONECS helps you group the data necessary to issue it quickly and without any inconvenience.

One of the advantages of our kit is that it is very easy to maintain and transport. BIONECS has a cleaning material to help you preserve the product in the best way and being of a moderate size it is very easy to do so.

This kit was designed to execute laborious tasks in a simple, fast and efficient way. We seek that all the technological options of your company are the best and that can innovate in your field, for this reason, in NECS we offer a range of excellent products that bet on innovation and the improvement of your company.

If you want to know more about our BIONECS, we invite you to write to:  info@necsweb.com

pago-huella-biometría

PAYMENT METHODS ARE IN CONSTANT EVOLUTION AND WE MUST BE UPDATED

by Sin categoría

The new biometric methods are the best system for making a payment or bank transaction. It is an advanced technology that promises security and speed in its services, ensuring that each step the user makes is backed by unique features that identify him.

 

Technology is always changing and for several years the use of biometric features in the financial sector has already been taken into account. For 2017, the National Banking and Securities Commission, better known as CNBV, pronounced a law in which every company in the financial sector that granted a credit had to use a fingerprint plus some other biometric feature to identify and authenticate its customers and thus being able to reduce identity theft.

Currently, many people make payments digitally and there are already many applications within our mobile devices that allow us to make payments or deposits that request a biometric feature to identify us, thus looking for the best payment method that is comfortable and secure for users.

Biometrics plays a very important role in these new financial methods. The use of the fingerprint, facial recognition, voice and iris, makes processes, media and transactions much easier due to their identification power, so in a few years we will probably be using these new technologies in many areas of our lives.

 

Huellas-seguridad-UE

THE EUROPEAN UNION WILL HAVE AN EXTENSIVE BIOMETRIC DATA BASE

by Technology

The European Parliament has approved the implementation of a new centralized system for the management of a biometric database in the European Union, a project that will facilitate the tasks of the security forces and judicial authorities.

 

The CIR will obtain all kinds of biometric information on more than 350 million people, citizens and foreigners, including their fingerprints or facial images. This database can manage everything, that is, with this new approval, migration agencies, border control and security forces can access biometric data from both EU citizens and people from other countries.

The vote on this subject was on April 15 of this year in the European Parliament in two separate rounds. Both the European Parliament and the European Council promised to have security mechanisms to protect the right to privacy of users and to regulate the access of security, judicial or migration control and border bodies to this data.

They indicate that the CIR will unify existing databases, such as the Schengen Information System, the Eurodac, the VIS and three new systems, the ECRIS-TCN, the EES and the ETIAS. However, some analysts consider it a “point of no return” and claim that this database will create “a centralized base for the European Big Brother.”

Currently there have been many massive thefts of data on all types of online platforms that do not make us feel the most protected, but there are other threats such as those that point to these projects serve for much more.