Polaris offers optical finger printing technology to banking sector14 December 2004
Polaris Software Lab Ltd., the Indian Software major in Banking Solutions is entering into a hitherto unexplored area of Indian Banking – Biometrics authentication in Banking Software. Biometrics authentication is based on optical fingerprint sensing technology, and Polaris will use it in its Identity and Access Management product called Intellect ARMOR.
Biometrics is essentially identification of a user by measuring their unique human characteristics like fingerprint and iris patterns, to name just a few. It is used extensively in forensic science, securing sensitive precincts, and also in a host of other business areas.
In Banking, Biometrics facilitates a securer environment for transactions, while retaining ease of use of systems. The Polaris solution will rely on technology that will identify valid users based on their pre-recorded fingerprints, much akin to signatures or passwords that are currently used in most systems.
On this occasion, Arun Jain, Chairman & Managing Director and CEO, Polaris Software Lab said, “Banking in India is yet to fully exploit this robust and well-tested technology. The main advantage of the Biometric data is that it cannot be stolen or lost, unlike other credentials such as passwords that are assigned to people. Polaris is pleased to come forward with such an advanced security system for banking transactions.”
The solution is being showcased at the India Banking Summit in Mumbai on December 7 and December 8, 2004.
Our online presence is available on www.polaris.co.in For more information, contact: Manoj Saxena 133 SDF 5, SEEPZ, Andheri - East, Mumbai 400 096 Tel: +91-22-28292571 manoj.saxena@polaris.co.in
Source: Polaris Software Lab Ltd.
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