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

  • PTV shows real-time traffic prediction through Optima
    September 8, 2014
    PTV Group is here at the ITS World Congress to demonstrate to traffic operators why they should set up their traffic management in future-oriented fashion and rely on a solution which reacts to their network.
    Read More
  • ReachNow scraps car rental service in Seattle and Portland
    July 25, 2019
    ReachNow has scrapped its car-rental services in Seattle and Portland following a corporate “realignment”, says The Seattle Times. ReachNow offered rentals for BMWs and Mini Coopers and launched a ride-hailing service last year. In May, the company announced to some of its customers that it was shutting down its ride-hailing service, saying that its third-party vendor could no longer support their business. Last November, ReachNow - a BMW subsidiary - integrated car-sharing and ride-hailing int
    Read More
  • Sensoris platform releases vehicle-to-cloud data standard
    July 12, 2018
    A new vehicle-to-cloud data standard has been released to cover connected and automated driving. Available on Sensoris' platform - co-ordinated by ERTICO – ITS Europe and initiated by Here Technologies - it aims to close the loop between the vehicle’s sensors, map and connected services. Sensoris represents a group of vehicle manufacturers, telecommunications, location, content and service providers and navigation systems suppliers whose new specification is intended to be used across the automotive indu
    Read More
  • Drive-by parking enforcement from SCANaCAR
    March 24, 2014
    ANPR-based parking enforcement specialist SCANaCAR is using Intertraffic to launch ScanAuto, which fits into a normal passenger car, and the ScanCAM AC integrated camera and communication system. ScanAuto is equipped with a sub-35cm accuracy GPS and other detection equipment to determine exactly where a vehicle is parked and can check if that vehicle is illegally parked. Both the camera and lighting modules attach to the rear seat windows (with other equipment in the back of the car), allowing parked ve
    Read More

Highlighted Content