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Top 3 Biometric Solutions for the Financial Sector

10 June 2020

Technological advancements in the field of biometrics has made the availability of devises and systems that harness the power of biometrics much more accessible and affordable to business of varying sizes. Use of this technology has rapidly increased over the years, and has redefined the way we see security. The biological identifiers such as fingerprints, iris scans ad voice prints are so unique to individuals that they can be used to identify a person with certainty that cannot be matched by the paper-based identification documents. The financial sector is one that depends heavily on its ability to secure and protect itself from fraud and breeches. Currently Biometric technologies can provide a wide range of applications for the financial sector, all of which aim to increase security while simplifying the processes and providing convenience to both industry and consumer.


MorphoWave Compact Access Control

With IDEMIA newest addition the MorphoWave™ Compact and Arana Security’s customisable application, a contactless biometric access control solution for capturing and matching 4 fingerprints with a single hand movement can be implemented. It implements a patented, truly contactless 3D fingerprint technology in a stylish and compact wall-mounted device, suitable for any location. The MorphoWave™ Compact does not only acquire extremely accurate fingerprint data but also overcomes the challenges of wet/dry fingers and latent prints pose to the conventional scanning systems. This plays a vital role within the finance sector that has the critical need to control access of customers and employees into specified areas. Combining the progressive technology and convenience the Morphowave Compact is the solution to contend with.


Safety Deposit Box Solution

An application that works with the Morphowave compact to give customers the benefit of a secure next level clearance through the use of touchless biometrics. A solution that can benefit financial institutions by simplifying the verification process for the bank and the customer.The introduction of a touchless biometric reader on site will enable the verification of clients to be fast, smooth and accurate, it means less time wasted at the desk waiting for confirmation of ID and less stress on both the clients and employees. With its sleek and modern appearance, the Wave will sit in its place and remain discreet yet effective. The safety of this establishment must be obtained as soon as you step inside all the while creating a stress-free flow of authentication, maintaining the highest level of security and not compromising at any stage.


Contactless Biometric Payment Terminal

Arana Security have introduced a contactless payment terminal offering the latest technology for contactless payments. This is an integrated system using Idemia’s MorphoWave compact device and our customisable application to enrol users and verify payment at the cashier. This system can also be applied within a bank for customers to use to withdraw and deposit cash securely.


For more information on any of the solutions mentioned in this article, please contact us.