Idemia card accelerator program to help fintechs adopt biometrics
Idemia has announced a program that is intended to ensure the rapid issuance of payment cards, including with biometrics, for financial technology (fintech) companies and neobanks. The solution, known as the Global Fintech Accelerator Card Program, comes within a context marked by rapid transformation in the global banking industry.
The Idemia Fintech Accelerator Card Program is expected to help fintechs rapidly carry out processes from cardholder onboarding through to card issuance. make a difference in their card products and also ensure rapidity in card processes –
The report adds that before manufacturing the cards, the needs of various stakeholders within fintech companies are first assessed in order to ensure the best card production process. Idemia will also provide fintechs with advice on how to use its solutions, such as metal cards, F.CODE biometric cards, and dynamic security codes to differentiate their offerings.
In addition to its expertise in biometric cards production, Idemia says it has a robust business network including 30 Service Centers in 26 countries globally. These Centers are supported by a Common Personalization System (CPS) that not only ensures safe and secure card production, but also enables user companies to quickly expand their businesses, according to the announcement.
With the Idemia Fintech Accelerator Card Program comes a number of other advantages, the company says, with customers able to merge their physical cards with digital services thanks to Idemia’s digital assets. One of the services means that customers can have their cards securely activated or authenticated using a contactless mobile phone-based system.
“We recognize that the Fintech world needs innovative solutions and to move quickly. Our Accelerator Card Program does just that and ensures that we can help the processors, BaaS providers and Fintech customers get their products to market as quickly as possible and expand globally without the need to start a new project in each country,” said Stuart Yaxley, Senior Vice President for Global Accounts and Fintechs for Financial Institutions at Idemia.
Neil Harris, Group Chief Commercial Officer of Global Processing Services, an IT management company, said Idemia’s solution goes a long way in “creating an advanced interface and facilitating business for all of our existing and global Fintech customers.”
Vibhav Hathi, Co-founder of online payment solutions company, OneCard, said they needed to redesign their credit cards and Idemia was the perfect partner for the project.
A pilot of a fingerprint biometric payment card platform with technology from Idemia and Zwipe is planned for the second half of this year.