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

  • Workshop helps SMEs enter electric vehicles supply chain
    February 27, 2014
    The EU funded Innovative Transport SME Support Action (INTRASME) SME Opportunity Workshop in Berlin on 3 April 2014 will provide small and medium enterprises (SMEs) with an opportunity to understand the electric vehicle supply chain and how it can differ from the more traditional internal combustion engine vehicle supply chain process. The workshop, co-located with Supercapacitors Europe, will focus on the marketing opportunities for SMEs in the light carbon vehicle, light aircraft and smart mobility sec
    Read More
  • Australia faces tough choices over toll tags
    September 12, 2014
    With more than seven million tolling tags nearing the end of their life, delegates to ITS Australia’s 2014 National Electronic Tolling Conference had more than a passing interest debating possible ways forward. Rex Wright, chair of the Australian Toll Road Users’ Group, said the industry was potentially facing an AUD$100million bill over the next five years but the toll operators are committed to a unified national approach, consistent with the current interoperability.
    Read More
  • London conference looks to MaaS future
    March 16, 2017
    Transportation experts from across the globe converge on London for ITS International’s MaaS-Market Conference on 22 and 23 March. Reading international transport and technology experts will gather at a major conference in London next month to debate a revolutionary overhaul of their transport systems by developing Mobility as a Service – or MaaS – operations.
    Read More
  • Only four weeks left to submit papers for ITS Europe and ITS World Congress
    December 16, 2015
    There are only four weeks to the deadline for submission of papers for the ITS Europe 2016 congress in Glasgow 6-9 June and for the ITS World Congress 2016 in Melbourne on 10-14 October. Submit your contribution today to the ITS European Congress in Glasgow to continue the discussion on topics introduced at ITS world Congress in Bordeaux or to introduce new research, deployments and developments in the ITS industry.
    Read More

Highlighted Content