The regional leader in banking software solutions on Monday announced that Commercial Bank of Qatar, is the first bank in the country and the Middle East to introduce its innovative Biometric solution that enables card-less transactions on ATMs.
Implementation of this technology means customers will be able to use this new security feature to access their account at Commercial Bank branches and ATMs with finger vein scanners without need for a bank card or PIN number.
The technology maps the internal vein system within a finger, and will only accept a living finger unlike fingerprint scanning. The technology is secure and eliminates fraud as the pattern of blood vessels in fingers are unique to each individual and finger vein patterns cannot be reproduced or forged.
This technology incorporates finger vein devices from Mofiria Corp., a biometrics hardware manufacturer coupled with 01 Systems highly efficient biometric servers to produce an outstanding identification and authentication solution.
In the same context, 01 Systems has also signed an agreement with CBQ for the Business Process Management transformation project. CBQ banking operations will be automated based on 01 Systems BPM system to deliver an unparalleled next generation banking experience.
