Relevance

Banking and finance institutions often stand for reliability and trust. To meet customer expectations, finance companies are especially concerned about reliable identification of their clients and personnel by extensively deploying biometric technologies.

Biometrics is constantly expanding into diverse financial applications and covers both back office and client-servicing activities.

The major tasks solved by biometrics in the financial sphere are as follows:

• Reliable identification of users of financial services, including online and mobile applications (fingerprint biometrics is predominant here, while veinscan and voice (call-centers) recognition technologies are also gaining popularity);
• Prevention of fraud and misuse of credit and debit cards and other payment instruments (replacing PIN-codes with biometric credentials that cannot be lost, stolen or cloned);
• Improved level of servicing and enhanced convenience (biometric ATMs, loyalty programs);
• Physical access control for banking areas and premises, depositary boxes, safes (both bank personnel and clients can be biometrically identified);
• Time and attendance tracking for bank staff (usually integrated with access control features);
• Information security for banking and financial corporate data.

Project References

• A biometric identification system for the Halyk Bank of Kazakhstan encompassing 2,500 bank employees; biometric software and hardware components are delivered by BioLink;
• Biometric ATMs in Japan , India , Columbia and UAE;
• Biometric identification services for holders of platinum Citibank Singapore cards when paying for purchases;
• A multi-biometric access control system deployed in Pictet&Cie, a Swiss bank (iris and 3D face identification).

BioLink offers banking and finance institutions the following solutions:

• BioLink U-Match, a fingerprint scanner;
• BioLink U-Match BI, embedded fingerprint scanners (to be incorporated into ATMs, payment terminals, etc.);
• BioLink SDK, a software development toolkit for applications requiring strong identification;
• BioTime, a biometric T&A and access control system;
• BioLink AMIS, an automated multi-biometric information system.