March 13, 2017 -
Following an analysis of its technical capacity and team, UL announced that its São Paulo lab has been accredited by Brazil’s leading banking association to provide certification services of biometric processes for banks within the country.
UL will work closely with Brazilian banks to ensure the optimal performance of biometric systems and understanding of the fundamentals of having a unique standard in Brazil, which guarantees the safe data exchange between banks and customers.
“It is an important step forward in the discussion with market shareholders about the benefits and challenges that biometrics is bringing,” explained Marcos Nunes, director of digital security for UL Latin America. “Our objective is to encourage and support Brazilian banks to implement biometrics, as it is already actively rolled out in other countries.”
UL currently collaborates with FIDO Alliance, an international consortium integrated by banks, credit card operators and technology companies, to standardize practices and processes related to biometrics in financial transactions.