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Arig Bank to Launch Biometric for Customer Authentication

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In 2014, M2SYS Technology and Infinite Solution (local partner) together worked with Arig Bank of Mongolia in order to streamline their customer authentication process at their branches with the help of biometric technology. Currently the bank is using our finger vein technology to authenticate more than 400,000 customers.

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Arig Bank to Launch Biometric for Customer Authentication

  1. 1. Case Study Arig Bank First in Mongolia to Launch New Biometric Reader for Customer Authentication
  2. 2. Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication In 2014, M2SYS Technology and Infinite Solution (local partner) together worked with Arig Bank of Mongolia in order to streamline their customer authentication process at their branches with the help of biometric technology. Currently the bank is using our finger vein technology to authenticate more than 400,000 customers. Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA
  3. 3. Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication Challenges:  Security breaches and employee transaction fraud issues  Lack of an ability to automatically confirm and identify their customers  Provide safer verification systems  Cut customer fraud risks Infinite Solution integrated this solution because Arig Bank of Mongolia was facing several problems and challenges. Listed below are some major challenges leading to the deployment of biometric technology : Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA
  4. 4. Solution: In an effort to address the problem of identity theft Arig Bank selected Bio-Plugin™ and the FuseID™ ‘HYBRID’ fingerprint reader to work in tandem with their existing core banking software (Infosys’s Finacle). The technology has been piloted in 2013 in two branches with 20 terminals. Listed below are the major deployment parameters of this project:  Enabled fingerprint and finger vein verification system  Deployed in two branches with 20 terminals  Initial database size of the pilot project was 30,000  Scalable database upgrades to 390,000 Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA
  5. 5. Software Solution Overview: Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication Bio-Plugin™ is a revolutionary biometric middleware solution that allows developers to rapidly integrate a multi-modal biometric system without the development work required from a low level biometric SDK. Below are the features and benefits of the Bio- Plugin™ solution: Features:  Supports fingerprint, finger vein, palm vein, iris, facial, and voice recognition  Supports any SQL compliant database, including MS SQL Server, Access, MySQL, Oracle 9i, DB2, Informix  Scalable, high-performance matching server for large implementations  Compatible with Windows and Web applications Benefits:  Integrate a complete biometrics system in a few hours  No system dependencies  Includes biometric verification (1:1) and robust identification (1:N) software  Easily mix-and-match biometric modalities and devices without additional programming  Simple, affordable licensing model Get This Bio-Plugin™ SDK Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA
  6. 6. Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication Hardware Solution Overview: Features:  Capture fingerprint and finger vein simultaneously in a single touch  High-level encrypted data transfer across USB  LED display visual feedback  Intuitive interface  Expansive operating range (0° – +40°C, wet or dry) Benefits:  High accuracy, direct light resistant design  Ultra-precise, FBI-compliant 500 DPI fingerprint image resolution  Sophisticated liveness detection  Compact and versatile unit with lightweight design  Compatible with M2SYS Bio-Plugin™ Matching System, RightPatient®, and RightPunch™ M2-FuseID™ is a revolutionary “smart” fingerprint reader that delivers higher levels of security, reliability, and accuracy than other fingerprint scanners. The M2-FuseID™ Finger Reader simultaneously and safely captures the unique finger vein pattern inside your finger along with a copy of your fingerprint. Here are the benefits Arig Bank realized after the deployment: Get This M2-FuseID™ Finger Reader Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA
  7. 7. Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication Benefits: Advances in biometrics, heightened safeguarding requirements, and public perception has made Arig Bank more cognizant of how they protect their customers and their information. Bio-Plugin™ and FuseID™ helped them secure the authentication process and has become nearly a de facto standard due to increased incidents of identity theft in Mongolia.  Accurate customer identification  Fast and secure transactions  Concrete audit trails of transactions  Prevention of banking fraud  Convenience to the banking system Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA
  8. 8. Case Study : Arig Bank first in Mongolia to launch new biometric reader for customer authentication About M2SYS:  Delivers innovative, scalable, and practical identity management solutions that increase security and convenience  Millions of customers in more than 100 countries worldwide  ISO 9001:2008 Quality Management System (QMS) Certified Company  Registered vendor for The United Nations Global Marketplace portal (UNGM # 377090). M2SYS Technology is a U.S. based biometric research and development firm. Our goal is to enable end users to capitalize on the benefits of using biometrics for security and identity management by accelerating their return on investment (ROI). Contact Information: +1 770 393-0986 sales@m2sys.com | www.m2sys.com 1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338 USA

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