DUBLIN, May 15, 2024
/PRNewswire/ -- Uniken, a leading provider of security,
authentication, and identity verification, announces at the Temenos
Community Forum 2024 the release of Palm Vein Authentication for
in-branch, rural and inclusive banking on its REL-ID platform.
Financial institutions have the need for certainty not only in
internet and mobile banking, but also in the physical channel. Now,
the same certainty provided by REL-ID on electronic channels,
is available in person, without the burden of the consumer needing
a device with them. In emerging markets smartphone adoption can be
a hurdle and in rural and inclusive banking there is a much larger
challenge to deliver banking services with safety, security, and
convenience.
With the release of palm vein authentication on the REL-ID
platform, consumers only need to place their hand above a sensor to
authenticate themselves in a full contactless solution. Uniken's
mission is to provide certainty in every interaction, and we are
once again raising the bar by providing a solution that has the
highest level of efficacy and takes fraud to zero with
lightning speed and convenience.
Uniken has partnered over the last few years with Fulcrum
Biometrics, Inc., a Fujitsu company, to deliver REL-ID Palm Vein
Authentication based on Fujitsu's market proven PalmSecure™
technology. The accuracy levels that Uniken customers will achieve
in authenticating individuals' identities far exceed what's
available with other biometrics like fingerprints, face, and even
the newcomers to the palm-scanning field. With a False Acceptance
Rate (FAR) of 0.000001% - that's 1 in 100 million - the solution
offers unmatched levels of trust in authentication use cases.
Privacy characteristics are amazing and are highly resistant to
spoofing methods like impersonation or deepfakes. Fraudsters
won't be able to take a photo of the internal vein structure and
replicate it with liveness to execute a fraudulent transaction like
they may be able to in other palm deployments.
Ken Nosker, CEO of Fulcrum
Biometrics, Inc. comments "PalmVein authentication, unlike most
other biometrics, is extremely protective of user privacy as it
relies on internal biological structures that can only be captured
by using specially designed imaging systems. The highly accurate
and contactless nature of PalmVein authentication makes it
especially attractive in high traffic environments such as
financial services, healthcare, and e-government initiatives. We
are very excited to partner with Uniken in offering PalmSecure™ to
the global banking community."
Palm vein authentication will be included as part of any full
REL-ID license and Uniken is making it available to our global
partners, including Temenos, Finacle and NTT Data Solutions for
deployment. Customers that have modularized licenses may upgrade to
a full license to gain the capability immediately.
Bimal Gandhi, CEO, Uniken, shares
"I believe biometrics is clearly the key to authentication in the
future – palm vein is another modality we feel is critical to have
on the platform. Your clients' identities are in their hands – with
or without their devices. Our mission is
zero fraud and certainty in identity – I am
delighted to deliver that in electronic and physical channels with
zero friction. Look for more news about Palm Vein Authentication in
the next few months as some of our partners, in stealth mode, are
working with us on amazing use cases in other verticals."
About Uniken
Uniken accelerates possibilities for client-centric organizations
by creating certainty in identity and security while delivering
amazing customer experiences. Uniken serves customers of all sizes,
worldwide, across a variety of industries. To date, Uniken has
secured over $39 trillion in
transaction value across over 45 billion client interactions with
zero financial or identity loss. With Uniken, organizations grow
their businesses and deliver amazing client experiences in a world
where identity is a certainty, not a vulnerability.
About Fulcrum Biometrics, Inc.
Fulcrum Biometrics,
Inc. is a leading provider of biometric identification technologies
and custom software applications for enhancing identity
authentication and management. Fulcrum provides hardware and
software solutions for non-profits, commercial organizations, local
and national governments and military customers in more than 100
countries worldwide. Fulcrum is headquartered with operations and
product development at 16108 University Oak, San Antonio, TX 78249. Fulcrum Biometrics,
Inc. is a wholly owned subsidiary of Fujitsu Frontech North America
Inc.
PR Contact:
Nancy
Jones, Uniken
nancy.jones@uniken.com
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SOURCE Uniken Inc