DigitalPersona buys biometrics ID business Identity Stream

California-based biometric identity verification specialist DigitalPersona has bought Identity Stream, whose focus is using biometrics to ensure positive identification in banks and other financial institutions. Identity Stream’s software is currently marketed with Temenos – a relationship that will continue - as T24 Biometrics and provides “one touch” identification for any transaction in the TEMENOS T24 core banking system. The solution identifies customers and employees by scanning their fingerprints an
October 29, 2013 Read time: 1 min
Agostinelli: ‘Tremendous potential’
California-based biometric identity verification specialist DigitalPersona has bought Identity Stream, whose focus is using biometrics to ensure positive identification in banks and other financial institutions.  

Identity Stream’s software is currently marketed with Temenos – a relationship that will continue - as T24 Biometrics and provides “one touch” identification for any transaction in the TEMENOS T24 core banking system. The solution identifies customers and employees by scanning their fingerprints and matching that unique identifier with an identity profile stored on a secure server. “Integrating this software with our biometrics-based solutions will expand its functionality and give financial institutions more choices,” said Richard Agostinelli, DigitalPersona president and CEO.

“We see tremendous market potential for solutions like this on a global basis.” He added that there was growth in the sector due to increasingly sophisticated security threats and a need to improve service levels without increasing operating costs.
%$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 oLinkExternal www.DigitalPersona.com http://www.digitalpersona.com/ false http://www.digitalpersona.com/ false false%>

Related Content

  • Singapore-based Unitronic Components showcases mPOS solutions
    October 24, 2014
    Unitronic Components will be showcasing its integrated mPOS solution at CARTES 2014. The Singapore-based company says it aims to deliver all-in-one solutions for retailers and merchants in the ordering and payment industry.
    Read More
  • Groupe PSA trials car-sharing service in Washington, DC
    October 31, 2018
    French car manufacturer Groupe PSA says its ‘free-floating’ car-share service provides members in Washington, DC with access to 600 vehicles. The Free2Move service is available to drivers for a $10 membership fee and does not include late fees, per trip fees or insurance charges, the company adds. Members can use the Free2Move app to locate, book and open/lock the vehicles. This pilot coincides with Maven’s announcement to expand its peer-to-peer car-share service in Washington, DC – and other US
    Read More
  • Self-propelled road marking, lines or beads
    February 26, 2014
    Belgian company Graco, a specialist in advanced airless striping solutions, will be at Intertraffic Amsterdam 2014 to launch the LineLazer IV 250DC, which the company says is the first stand-on self-propelled striper in the market for multi-colour road markings. Modularity is one of its main advantages. A complete pressurised bead system can be added to the unit to achieve ultimate retroreflection, while the unit can also be expanded with bead tanks, bead guns and spray guns, providing more capacity and the
    Read More
  • ITS European congress – successful call for papers
    February 5, 2016
    The Call for Papers for the 2016 TS European Congress that has been very successful, say the organisers, with over 300 papers and more than 60 special interest session proposals around the five main topics. For those planning to exhibit or visit the congress, the organising team has arranged a special open day on 17 February to provide more information on the exhibition facilities, opportunities for sponsors and exhibitors and the congress format.
    Read More

Highlighted Content