Iris Recognition is an advanced biometric technology that uses a personâs iris pattern to identify the individual. It is increasingly being utilized as fundamental biometric technology in many applications such as banking, homeland security, airport security and physical access control. In banking services, it is the most advanced and secure technology for individualâs recognition that provides fast and secure services reducing fraud and increasing efficiency in customer services by eliminating the need for user ID, ATM card, pin number, and password authentication at online and offline banking channels.
Commenting on the partnership, Path Solutionsâ Group Chairman & CEO, Mohammed Kateeb said, âOur strategic partnership with IrisGuard increases the breadth and depth of solutions we offer to our clients, and supports our strategy of becoming a one-stop shop of fully integrated financial services ICT solutions. This partnership brings together the best in cutting-edge solutions and experience for the ultimate goal of ensuring advanced automation of customersâ identification and efficiency of services. We look forward to working with IrisGuard to enable our clients to take full advantage of this modern technologyâ.
For his part, IrisGuard CEO, Imad Malhas said, âThis milestone agreement will allow us to broaden our reach into leading Islamic banks and financial institutions worldwide. Our aim is to transform IrisGuard to a winning player in the global financial services marketplace, and the partnership with Path Solutions is a gigantic step in that direction. It is also an expression of our confidence in Path Solutionsâ know-how and ongoing success in its endeavor to provide the most advanced technology available today to the sector it servesâ.
Malhas explained that the solution is utilized live at multiple leading banks in the region including Jordan Commercial Bank and Cairo Amman Bank in Jordan and CAC Bank in Yemen and soon three new banks in the MENA region. It provides easy, fast, accurate and secure distinguished services and enables the protection of customersâ privacy information and financial resources.