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Bio signature - employee authentication for banks

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BioSignature™ is a biometric signature identification solution for employee authentication that seamlessly interfaces with existing bank software to enable banks to create concrete audit trails of transaction activity and ensure adherence to government regulations.

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Page 1: Bio signature - employee authentication for banks
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BioSignature™

BioSignature™ is a biometric signature identification solution for employee authentication that seamlessly interfaces with existing bank software to enable banks to create concrete audit trails of transaction activity and ensure adherence to government regulations.

The ultimate goal of each and every bank/financial institution is to provide a safe and secure environment for clients to perform banking transactions. However, as insider fraud is rising at alarming rates, banks and financial institutions often find it difficult to properly monitor employee activity to protect customer assets. Insider fraud not only harms client accounts but it also damages the reputation of the organization. To reduce insider bank fraud and mitigate risk and regulatory fines, banks and financial intuitions should consider adopting an employee authentication solution like BioSignature™.

Why do Banks/Financial Institutions need a solution like BioSignature™?

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Facts & Scenarios

Insider bank fraud has proven to be a serious drain on assets and resources plus it can damage a bank’s brand reputation. The following examples are recent incidents of bank employees charged with insider fraud:1. Bank employee faces theft charges2. 3 Bank Mandiri Employees Arrested for Fraud3. Former TD Bank employee, accomplice pleads guilty to identity theft4. Former Bank Employee Charged With Theft5. Towanda bank employee charged with identity theft

The following are examples of senior level bank employees charged with customer identity theft:6. Former Chairman of top Israeli bank convicted of fraud7. Former bank employee pleads guilty to stealing over $2 million from customers8. Ex-CEO of collapsed Virginia bank gets 23 years for fraud

According to a recent secret service investigation, more than 50 percent of insider fraud is perpetrated by highly trusted employees such as managers, and the average time on the job before committing a scheme is five years!

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How BioSignature™ Can Help?

BioSignature™ is the perfect biometric identification solution for banks and financial institutions to establish accountability and retrieve irrefutable proof of employee transactions.

Seamless integration into existing banking/finance software

Offers the convenience of choosing from different biometric modalities - Fingerprint, Finger Vein, or Palm Vein

Establishes a concrete audit trail for employee transactions

Easily incorporate into your existing workflow Force employee biometric scans and manager

overrides

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BioSignature™ with M2-FuseID (Smart Fingerprint Reader)

M2-FuseID™ is a next-generation “smart” finger reader that delivers higher optimal security and reliability with advanced finger imaging and sophisticated liveness detection to prevent spoofing and fraud. M2-FuseID™ ensures 100% enrollment rates through “smart” scanning technology by simultaneously capturing both a fingerprint image and the unique finger vein pattern of an individual.

Features:I. Capture fingerprint and finger vein simultaneously in a single

touchII. Liveness detection feature to prevent spoofing and fraudIII. Encrypted data transfer across USB to protect data

Benefits:IV. High accuracy, 500 DPI fingerprint image resolutionV. Ideal for commercial markets such as financial servicesVI. Unique, affordable and versatile unit with lightweight design

M2-FuseID™

Ideal for environments requiring the highest levels of security and

accuracy.

www.m2sys.com © 2014

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Asia Office: House-279, Road-19,

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