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Set against this backdrop, M2SYS Technology, a Georgia-based firm, is fortifying KYC with their biometric identity solution. Being in the industry for more than 16 years, M2SYS’s team witnessed the evolution of KYC and was continuously innovating to address the growing need for unique identity requirements. This marked the genesis of the M2SYS biometric solution, CertisID™ that promotes a safe and secure environment. “With our longevity, technical experience, and interaction with global clients, we understand the changing demands of the banking industry and continue to evolve alongside it,” states Mizan Rahman, founder and CEO of M2SYS Technology.
With M2SYS Technology, banking clients no longer have to fret about security as biometric identities serve as an unbreakable security barricade when compared to the legacy identity credentialing solutions. CertisID™ is a biometric customer and employee identification solution that is purpose-built for financial institutions and banks. With biometric authentication, the solution promotes secure payment transactions, protects sensitive information, prevents customer and employee fraud, eliminates passwords with single sign-on protection, and establishes a concrete audit trail for government compliance.
Implementing this solution is quite simple.
With our longevity, technical experience, and interaction with global clients, we understand the changing demands of the banking industry and continue to evolve alongside it
In yet another implementation highlight, a particular client in the Caribbean has expanded their business by establishing agent banking locations in collaboration with Western Union and MoneyGram International. When it comes to agent banking, transactions are often unsecure, as anyone can just deposit and withdraw money without verification. Upon implementing the M2SYS biometric solution, the client achieved faster, simpler, and more secure branchless banking. “Pleased by our approach, the client even stated that we helped in expanding their agent banking business to a broader level in the industry, which helped them to become the number one bank in the country,” extols Rahman.
Forging ahead, M2SYS is taking progressive steps to design a mobile-based solution for which the firm is in active conversations with U.S-based retailers. This ensures that users on both sides of the transaction are positively identified and verified while providing an unprecedented level of flexibility to authenticate account holders anywhere at anytime. “We have been there from the outset of the KYC movement and are constantly evolving with the industry’s changing needs,” concludes Rahman.