June 27, 2012 -
As reported by The Sacramento Bee, ABC installed a fingerprint authentication system back in early 2011 “to enhance security and increase convenience for their customers.” The bank has installed more than 2,000 fingerprint scanners in more than 300 branches in Vietnam. And more 10,000 customers have enrolled in the system.
“Without reliable hardware and software products, it is not possible to achieve this level of results,” said Mr. Y.M. Jiang, Marketing Director of Futronic. He credited the Asia Information and Communications Technology (AICT), a subsidiary of the ACB, for developing the software used for fingerprint authentication system. As for the hardware, the fingerprint recognition algorithm and fingerprint scanner FS88 was provided by Futronic Technology Co., Ltd.
As explained by Mr. Tran The Nam, General Director of AICT, “Futronic FS88 was selected by us for this system because it is reliable, economical, and FBI certified fingerprint scanner. The system was developed based on the requirements from ACB.”
Futronic has been designing and manufacturing cost-effective fingerprint recognition hardware and software for customers, specifically the financial sector; its primary target. Financial sector demands the highest quality as well as high price performance standards.
“The major benefits for customers,” Mr. Nam said, “include no more filling out forms at the teller’s desk, which improves working efficiency, reduced waiting time, and a higher level of security with fingerprint recognition together with the customer’s ID card. The bank also benefits from this system because fingerprint recognition is a convenient way to identify a person in case a customer does not know how to write, a common situation in Vietnam. It can also prevent illegal transactions due to forged signatures.”
Other than ACB, the Singapore’s UOB bank will also distribute FS88 fingerprint scanners to their branches islandwide. Then there is also the India bank asking for a Request for Proposal for fingerprint technology with over 500,000 scanners to be distributed. These simply validate the level of acceptance the financial sector gives to Futronic.
Mr. Jiang, inspired by the prospects of Futronic said, “Based on the experience we have gained from these successful cases, Futronic will continue to develop new products and provide reliable fingerprint recognition solutions to the demanding markets.”