IDEMIA partners with TIS to develop biometric digital identity solutions for financial services
The companies will perform verification testing on IDEMIA’s digital identity and payment platform in Japan over the coming months. TIS offers payment technologies for card processing and in-person retail transactions via mobile device through its “PAYCIERGE” brand.
“By combining IDEMIA’s best-in-class knowledge in ID integration and TIS’s outstanding IS integration, we can create superior value-added services for Japanese financial institutions, acquire new customers, speed up market entry, and reduce integration costs,” says IDEMIA Executive Vice-President of Financial Institutions Pierre Barrial.
The company is also collaborating with Fingerprint Cards on the first trial of biometric payment cards in Japan.
The jointly developed solutions are intended to enable remote account opening compliant with KYC and AML regulations, facial authentication for secure access and highly sensitive transactions, and remote enrollment in any type of financial service.
“TIS has been developing ‘PAYCIERGE’ solutions, but the importance of security and usability has become clear with recent progress in FinTech,” said TIS Managing Executive Officer and Division Manager, Payment Services, Kiyotaka Nakamura. “We will see business innovation and market creation in the payments domain utilizing the experience and technologies acquired by TIS and the security technologies and high-usability solutions of IDEMIA.”
IDEMIA is currently sharing its biometric payment card technology, as well as KYC and authentication solutions at Money20/20 Europe this week.