September 12, 2016 -
Banking software solution provider 01 Systems announced today that the Commercial Bank of Qatar (CBQ) has deployed its finger vein biometrics solution that enables customers to access their account at Commercial Bank branches and ATMs with finger vein scanners without need for a bank card or PIN number.
This technology incorporates finger vein devices from biometrics hardware manufacturer mofiria Corporation and is integrated with ATMs from NCR Corporation.
Bank CEO Joseph Abraham said: “Biometric security features are an important tool to combat financial fraud and identity theft. Enhancing the client experience without compromising customer security is a priority at Commercial Bank. Introducing finger vein scanning technology to the local market and region is not only innovative but also provides an effective way for customers to access their accounts securely without the need for a card or PIN. Commercial Bank is proud to introduce another ‘first to market’ technology to the Middle East and we are committed to a continual investment in technology as part of our digital transformation journey to provide the best and safest experience for our loyal customers.”
Samir El-Sheikh, COO of Commercial Bank of Qatar said: “Commercial Bank continues to focus on improving customer experience and providing greater convenience for customers by continuing to invest and innovate in the Bank’s security system. Finger vein technology is the first-to-market innovation that will give customers easy, secure access to our ATM machines and will set a new authentication technology standard to protect our customers’ accounts.”
Ali Sharif, CEO of 01 Systems said: “We are delighted to announce our strategic cooperation with Commercial Bank and look forward to working with such a professional team. Together, we can enable the successful deployment of advanced security systems for Commercial Bank customers. Finger vein technology is already widely used in international markets and provides customers with easy and secure access to thousands of ATMs. This is an exciting opportunity to set new standards for authentication technology, and more importantly to protect the customer’s identity.”
Satoshi Amagai, CEO of Mofiria said: “We are thrilled to work with the market experts 01 Systems to introduce the finger vein technology in Commercial Bank. This finger vein authentication module, co-developed by mofiria using finger vein patterns for authentication, tackles forgery and identity theft. It is designed to minimize the calculations required for authentication for a faster and more secure banking process.”