Banking & The Finger Vein Authentication Technology
How to move unattended and larger amounts of money safely. Protect your bank with one of the most secure authentication technologies
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Finger Vein Authentication
The underpinning technology offering from Environ to provide the third factor authentication layer, Finger Vein Authentication, is Japanese technology created in the late 90’s mandated to the Japan banking industry in the year 2002 to expedite the following:
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Provide a cash-based economy/society extra security to counter ATM, PoS bank-to-bank, Internal Office authorisation Staff fraud
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Provided a digital log of authenticated transactions
THE LARGEST IN REAL WORLD LIVE PRODUCTION
Finger Vein is ten times more accurate than fingerprint technology and is the only biometric system in use by banks globally today for live production moving of funds in Europe and the ASEAN regions including Barclays bank -UK, IS bank - Turkey and Japan post.
Like Japan, Nigeria is a cash-based society whereby the majority volume of financial transactions are non-electronic, cash-based. The Nigerian market potential growth for electronic financial transactions is exponential. In the last 6 years, Environ in collaboration with OEM Hitachi (Fortune 100 company), has worked closely with the local -
Nigerian banks and Government parastatals to conduct a series of successful user acceptance tests to implement Africa’s first fully biometric authentication system, thus potentially saving the Nigerian banking industry significant fraud cost-savings and greater confidence into the banking system.
