International Financial Services Firm Selects BIO-key for Customer and Employee Authentication.
WALL, NJ--(Marketwired - Apr 17, 2015) - BIO-key International, Inc. (OTCQB: BKYI), a leader in fingerprint biometric identification technologies and secure device-to-cloud mobile credentialing and identity verification solutions, announced that an international retail and commercial financial services firm has selected BIO-key to provide the fingerprint biometric matching for their customer and employee identification solution.
The Firm will utilize BIO-key technology to automate positive identification of any of their nearly 7 million clients at any of approximately 7000 contact points in their branches. Additionally, this fast growing and innovative retail and commercial bank plans to use the software to control access for employees to sign into their banking systems. Using BIO-key's solution allows the institution to give customers confidence that their identity is secured against fraud and misidentifications.
"This forward-thinking financial institution was one of the first in the world to leverage fingerprint biometrics to secure their clients' identities against theft and fraud," said Jim Sullivan, BIO-key VP of Strategy and Business Development. "They were able to demonstrate to their clients the advantages of using fingerprint data -- nothing more than a measurement of unique traits that an imposter will not match -- to increase their clients' security and offer paperless transactions. When the time came to upgrade their legacy fingerprint engine, we were pleased that their extensive experience with fingerprint technology led them to the conclusion that BIO-key was the right choice for them to count on."
"We believe this win puts us in great standing relative to other financial service opportunities we are currently competing for as interest in biometrics continues to grow. Moreover, we believe the broader highly regulated markets, including North America, are starting to embrace fingerprint biometrics as a preferred solution," said Michael DePasquale, BIO-key Chairman & CEO.
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