01 Systems, the regional leader in banking software solutions announced today that Commercial Bank of Qatar, is the first bank in the country and the Middle East to introduce its innovative Biometric solution that enables card-less transactions on ATMs.<\/p>\n\n\n\n
Implementation of this technology means customers will be able to use this new security feature to access their account at Commercial Bank branches and ATMs with finger vein scanners without need for a bank card or PIN number.<\/p>\n\n\n\n
The technology maps the internal vein system within a finger, and will only accept a living finger unlike fingerprint scanning. The technology is secure and eliminates fraud as the pattern of blood vessels in fingers are unique to each individual and finger vein patterns cannot be reproduced or forged.<\/p>\n\n\n\n
This technology incorporates finger vein devices from mofiria Corporation, a biometrics hardware manufacturer coupled with 01 Systems highly efficient biometric servers to produce an outstanding identification and authentication solution. Additionally, the solution is integrated with ATMs from NCR Corporation.<\/p>\n\n\n\n
In the same context, 01 Systems has also signed an agreement with CBQ for the Business Process Management transformation project. CBQ banking operations will be automated based on 01 Systems BPM system to deliver an unparalleled next generation banking experience.<\/p>\n\n\n\n
Commercial Bank CEO Joseph Abraham said: \u201cBiometric security features are an important tool to combat financial fraud and identity theft. Enhancing the client experience without compromising customer security is a priority at Commercial Bank. Introducing finger vein scanning technology to the local market and region is not only innovative but also provides an effective way for customers to access their accounts securely without the need for a card or PIN. Commercial Bank is proud to introduce another \u2018first to market\u2019 technology to the Middle East and we are committed to a continual investment in technology as part of our digital transformation journey to provide the best and safest experience for our loyal customers.\u201d<\/p>\n\n\n\n
Samir El-Sheikh, COO of Commercial Bank of Qatar said: \u201cCommercial Bank continues to focus on improving customer experience and providing greater convenience for customers by continuing to invest and innovate in the Bank\u2019s security system. Finger vein technology is the first-to-market innovation that will give customers easy, secure access to our ATM machines and will set a new authentication technology standard to protect our customers\u2019 accounts.\u201d<\/p>\n\n\n\n
Ali Sharif, CEO of 01 Systems said: \u201cWe are delighted to announce our strategic cooperation with Commercial Bank and look forward to working with such a professional team. Together, we can enable the successful deployment of advanced security systems for Commercial Bank customers. Finger Vein technology is already widely used in international markets and provides customers with easy and secure access to thousands of ATMs. This is an exciting opportunity to set new standards for authentication technology, and more importantly to protect the customer\u2019s identity.\u201d<\/p>\n\n\n\n
Satoshi Amagai, CEO of Mofiria said: \u201cWe are thrilled to work with the market experts 01 Systems to introduce the finger vein technology in Commercial Bank. This finger vein authentication module, co-developed by mofiria using finger vein patterns for authentication, tackles forgery and identity theft. It is designed to minimize the calculations required for authentication for a faster and more secure banking process.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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