Muvoni Biometric & Smartcard Solutions,\u00a0a wholly-owned subsidiary of the Alt-X listed Muvoni Technology Group, has partnered with\u00a0African Bank to help the latter combat identity fraud.<\/p>\n
Muvoni says it has already begun to supply fingerprint scanners\u00a0and supporting software to the financial institution with the aim of also servicing\u00a0African Bank’s retailer network, which includes the Ellerines group of businesses.<\/p>\n
African Bank\u00a0required technology to verify client identities against the Home Affairs National Identity System (HANIS), a facility made available by the SA Banking Risk Information Centre (SABRIC).<\/p>\n
Simply explained, client identities are verified via HANIS by means of fingerprint scanners that are integrated into the bank\u2019s core front-end system.<\/p>\n
While 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.<\/p>\n
Fifty were piloted, and alternative makes and models were deployed for data-checking purposes.<\/p>\n
Following a successful pilot, 1,500 fingerprint scanners were rolled-out to African Bank branches around the country. By the end of 2012, a further 1,500 are set to be\u00a0installed.<\/p>\n
“The CSD200 fingerprint scanners are durable, ergonomically-designed, lightweight and portable, as well as cost-effective, easy to operate and reliable. They\u2019re also perfect for the rapid-fire pace of the financial services environment, where speed is key to managing the flow of clients and information,” Muvoni said.<\/p>\n
Fully imported, the fingerprint scanners are FBI and FIPS 201 PV certified. FIPS is the Federal Information Processing Standard.<\/p>\n
Presently, the system is verifying the identities of approximately 1,000 African Bank clients per day.<\/p>\n
\u201cIn South Africa, counterfeit ID books, drivers\u2019 licenses and birth certificates are commonly used to perpetuate fraud. In our view, fingerprints are the most reliable means of verifying someone\u2019s identity. They can\u2019t lie; you are who they say you are!\u201d said Stan Khan, MD of Muvoni Biometric & Smartcard Solutions.<\/p>\n
\u201cAt the Muvoni Technology Group, we have many years of experience in identity verification processes and systems, including background checks from MIE and criminal record checks from Afiswitch. We\u2019re very proud to add African Bank to our growing list of satisfied clients.\u201d<\/p>\n
Pieter Deyzel, African Bank\u2019s project manager, says Muvoni\u2019s choice of fingerprint scanners and supporting software has helped reduce the incidence of identity-related fraud.<\/p>\n
African Bank says it is considering the possibility of acquiring the CSD200 fingerprint scanners and interfacing HANIS infrastructure for its retailer network, which includes the Ellerines group of businesses.<\/p>\n
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