Retail Industry Regards M2SYS as the Leading Biometric Vendor

Recently published research mentions that M2SYS is one of the leading companies in the industry. The report goes on to say that M2SYS is going to lead the biometric deployment in the retail sector through 2025, offering their innovative, customized biometric solution for the retail industry, as for the banking and financial sectors, and retail POS.

To be able to offer personalized customer experience significantly differentiates any organization’s ability to compete in the retail industry. That’s why many organizations are using biometric technology to improve organizational efficiency. For example, Forever 21, Inc. has more than 700 retail stores in 48 countries, and to increase service efficiency they implemented the biometric time clock for Kronos. Besides workforce management, biometrics facilitates accurate customer identification which enables companies to understand their customers’ behavior, build a customer persona, guess their buying pattern better and provide prompt customer service.

How M2SYS is Helping Thousands of Retailers

The retail banking industry was one of the early adopters of biometric technology, where they deployed fingerprint biometric technology to identify their account holders. The system accurately identified and retrieved the customer’s demographic data and other financial information from the database and served its users as required. It also helped with the overall advancement of many businesses by reducing administrative costs, lowering average handling time (AHT) and assuring the utmost security.

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Biometric Authentication to Stop Money Laundering in Pakistan

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...

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) ...

Why Should You Opt for Biometrics-as-a-Service for Your Work Environment?

The need for authentication and identification technology keeps on increasing exponentially with every year of technological advancement passing by. Using biological data that is unique to every individual is one of the best ways to determine and verify someone’s identity as it offers little to no room for error. That is part of the reason why the biometrics-as-a-service industry keeps on growing every year, expected to become worth over $2.9 billion by the year 2022. There is a multitude of reasons which make biometrics-as-a-service the ideal choice for many organizations and firms as opposed to investing in their very own internal biometrics systems and operations. One of the major advantages biometrics-as-a-service brings to its users is the fact that it allows you to avail a handy service and apply it to your system without having to worry about instability, affordable costs, and system maintenance. The upfront costs are low, there are little to no hidden or extra expenditur...

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