Biometric Technology from M2SYS to Revolutionize KYC Process in Banking

Banks and financial institutions worldwide are determined to provide convenient and personalized customer service without increasing exposure to the threats of cyber-attack and fraudulent activities. That’s why they have introduced KYC (Know Your Customer), a process that evolves to collect and protect customer’s information and personal details from outside threats. Traditional pen and paper-based KYC process are not sophisticated enough to provide seamless customer experience and safeguard from fraudulent attacks.

How M2SYS is Revolutionizing KYC in Banking

M2SYS, one of the leaders in the biometric technology industry, continuously researches the next generation identity management solution and knows all the downsides of a conventional KYC process. Working with the identity management industry for more than 17 years, M2SYS has developed CertisID, a solution that transformed the whole KYC process. It is a biometric-based account holder and employee identity management solution for banking and financial institutions. This solution is designed to streamline the process of KYC, bringing authentication accuracy and efficiency to secure every transaction. Read more…

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Iris Recognition vs. Retina Scanning – What are the Differences?

In biometrics, iris and retinal scanning are known as “ocular-based” identification technologies, meaning they rely on unique physiological characteristics of the eye to identify an individual. Even though they both share part of the eye for identification purposes, these biometric modalities are quite different in how they work. Let’s take a closer look at both and then explain the similarities and differences in detail: Retinal Scanning: The human retina is a thin tissue composed of neural cells that are located in the posterior portion of the eye. Because of the complex structure of the capillaries that supply the retina with blood, each person’s retina is unique. The network of blood vessels in the retina is so complex that even identical twins do not share a similar pattern. Although retinal patterns may be altered in cases of diabetes, glaucoma or retinal degenerative disorders, the retina typically remains unchanged from birth until death. (Source: Wikipedia) A bi

Tips to Prevent Time Theft in Kronos Central/Dimension/Ready

A high-performing workforce management system, like Kronos, facilitates enterprises to forecast, schedule, and manage the time & attendance, absenteeism, labor activities, analytics, and collect employee’s data. Depending on the organization’s type and purpose, Kronos offers different workforce management suites like Workforce Central, Workforce Dimension Suite, and Workforce Ready Suite. The core objective of all of these solutions is to ensure maximum productivity by leveraging employee accountability, controlling labor costs, and increasing efficiency. But when it comes to time theft, it can cause some major issues and hamper the data’s accuracy and the effectiveness of the Kronos workforce management suites. Time Theft and its Impact on Business Time theft occurs when an employee is paid for the time they have not actually worked, or for the time they were not actually at work at all. Sometimes they will use friends and colleagues to help punch in his or her office

Finger Vein Biometrics Identification for Membership Management Software

An article published today in the University of Vermont’s campus newspaper The Vermont Cynic reported that the campus recreation center has adopted M2SYS finger vein technology for student member identification. Tim Lewis, associate director for campus recreation made the decision to use finger vein biometrics for member identification after brainstorming ideas on how to eliminate students carrying ID cards. Happy to see our finger vein biometric identification system used at the University of Vermont through a partnership we have with Vermont Systems, a recreation and parks software provider based in Essex Junction, VT. Modern-day membership management software is designed to help create efficiencies that antiquated methods simply can’t provide. In an effort to eliminate ID cards, prevent identity fraud, and create a more convenient user experience, many membership management facilities are evaluating vascular biometrics (finger vein) for identification because of the distinct

Biometrics Technology

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