African Bank uses Muvoni biometric solutions to combat fraud
The company says it has already begun to supply fingerprint scanners and supporting software to the bank with the aim of also servicing African Bank’s retailer network. African Bank will use the technology from Muvoni to verify the identities of its clients using fingerprint scanners integrated into the bank’s core front-end system, BusinessTech writes.
Though a number of vendors were invited to recommend and submit fingerprint scanners for testing, Muvoni Biometric & Smartcard Solutions says it put forward the CSD200 from 3M Cogent.
Following the successful pilot testing of the system, 1,500 fingerprint scanners were rolled-out to African Bank branches throughout South Africa.
The 3M Cogent fingerprint scanners are FBI and FIPS 201 PV certified.
“In South Africa, counterfeit ID books, drivers’ licenses and birth certificates are commonly used to perpetuate fraid. In our view, fingerprints are the most reliable means of verifying someone’s identity,” Stan Khan, managing director of Muvoni said. “They can’t lie; you are who they say you are!”
According to Pieter Deyzel, African Bank’s project manage, the Muvoni implementation has already helped to reduce the incidence of identity-related fraud.