VisionLabs and BS/2 partner for interbank facial recognition services

December 6, 2017 - 

VisionLabs and Lithuanian banking technology company BS/2 have announced a strategic partnership to create a line of interbank services for contactless identification based on facial identification.

The services will be offered as an integrated solution utilize a self-service video surveillance and fraud prevention system from ATMeye.IQ and the LUNA facial verification platform with the existing portrait camera. The solution captures depersonalized user data with video stream analysis including gender, age, race, and emotional responses, providing opportunities for marketing research, KPI tracking, real-time service quality evaluation and other applications. The unified platform integrates with self-service terminals, security video surveillance systems, human resources management systems and campaign management systems.

“Face recognition is increasingly gaining ground in the provision of banking services. Using this feature will enable banks and other financial institutions to provide their customers with additional security measures while performing operations and automate a number of business processes, says Tomas Augucevičius, Deputy General Manager of BS/2. “Integrating our .iQ family of products with the LUNA platform will give a new push to the development of the ATMeye.iQ video surveillance system, as well as the cash flow management system CashManagement.iQ and the service activities management system, Service Desk.iQ.”

The integration of previously unavailable data from diverse sources and synchronization of system events makes the integrated solution unique, according to the announcement.

“Co-operation with BS/2 is an important stage in our financial sector portfolio of solutions development. Our partner has deep industry expertise and long experience which allowed us to create the joint product that meets today’s high market requirements,” says Alexander Khanin, VisionLabs CEO “LUNA PLATFORM has already become a part of BS/2 certified solution and is available to any banking industry organization. Solution architecture unification will lay the groundwork for creating a number of the next generation of interbank services.”

As previously reported, Sberbank acquired a stake in VisionLabs and announced it would adopt the LUNA platform in November.

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About Chris Burt

Chris Burt is a writer and contributor to Biometric Update. He has also written nonfiction about information technology, dramatic arts, sports culture, and fantasy basketball, as well as fiction about a doomed astronaut. He lives in Toronto. You can follow him on Twitter @AFakeChrisBurt."