April 16, 2013 -
EyeLock has announced a partnership with Capco, a global business and technology consultancy dedicated solely to the financial services industry, to implement EyeLock’s identity authentication security solutions in the financial sector.
Using EyeLock’s iris authentication, Capco has launched Secure – Banking and Capital practice for financial institutions.
“The financial services sector has a crisis level need for trusted identity, which means banks and other financial institutions need to verify that a person is who he or she claims he or she is, otherwise the door is left open for breaches,” Jeff Carter, Chief Strategy Officer at EyeLock said. “Working with Capco, EyeLock delivers a high-value service-related solution across employee and customer-facing touch points, including physical branch access, ATM account authentication and kiosks, teller transactions, account opening and check cashing.”
According to the company, EyeLock estimates that by implementing this new technology, Tier 1 banks will be able to eliminate annual recurring costs of approximately $45 million over the course of the first two years by using keyless bank entry for employees and vendors alone.
“Our partnering relationship with Capco accelerates our growth and market reach deep into the financial services marketplace,” Anthony Antolino, Chief Marketing Officer at EyeLock said. “EyeLock continues to provide significant value across global vertical markets through partnering relationships with market leaders, and working with Capco to further penetrate the financial services sector will ultimately provide a huge competitive advantage for their customers that adopt this technology.”
EyeLock has had a busy couple of months, having announced new products and another new partnership as of late.
Also reported previously, EyeLock recently launched its new HBOX iris biometric access control system intended for rapid throughput environments such as airports, stadiums and enterprise environments.