Recently, some of the M2SYS staff had an opportunity to give back to the community through volunteering with an Atlanta based non-profit organization called HomeStretch who helps homeless families to get back on their feet and into permanent, sustainable housing. Some of us chipped in helping to paint the inside of a house being rehabilitated and others spent time outside cutting grass, weed eating and doing general landscaping. It was humbling experience and brought a sense of pride in our work knowing that soon a family that was once living on the streets would achieve a sense of security and stability by having a place to call “home.”
Recently The State Bank of Pakistan has mandated all of its banks to start verifying all of their account holders using biometric technology. The goal of this exercise is to stop money laundering in Pakistan. In the past; opening a bank account only requires the account holder’s details in printed/written form along with their id cards. However, after this current announcement, to open a bank account in Pakistan, one has to provide biometric data using an e-registration system. This procedure is also applicable for those who have registered before without biometric verification process. Many private banks throughout the globe have already deployed biometric identification solution to reduce fraud at their banks. Biometric technology help banks to know their customers better and revolutionize their KYC process. After implementing the biometric solution from M2SYS for customer identification in the microcredit loan process, this helped Grupo Monge (Costa Rican Capital Corpor...

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