Bankcore ID

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BankCore is a complete identification solution that allows a banks to streamline its customer identity management and complete the identity ecosystem with Biometric ATM's and Biometric EFT/POS add-ons.

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  • CIP – Customer Identification ProcessesKYC – Know your customer
  • Bankcore ID

    1. 1. BankCore Framework<br />Customer Identification Ecosystem <br />Version 5<br />
    2. 2. FINGERPRINT IDENTIFICATION – BANKCORE<br />Enrolled person can then be positively identified at any branch or ATM in less than 1 second<br />Customer fingerprints, photo and information are verified and enrolled once, 2 minutes or less<br />Multiple customer identities are identified and eliminated<br />
    3. 3. IDENTIFY CUSTOMERS WITH THEIR FINGERPRINTS<br />Central customer identification repository<br />Customers linked to unique records on financial system<br />Cards linked to customer fingerprints 1-1<br />Low cost online identification for bio-ATM, branch identification (new card issue, withdrawals, chequebook collection, etc.)<br />Token independent – (chip card, magstripe card, cheque, etc.)<br />Identity linked to issued token, once linked it cannot be changed<br />
    4. 4. bankcore technology<br />BankCore<br />Ecosystem<br />
    5. 5. FEATURES OF BANKCORE<br />Central identity repository (Photo, Fingerprints, Signature, ID document, KYC CIP information, unique ID)<br />Signature scan and store<br />Large signature display<br />Photo capture and update<br />ID Document scanning<br />ID Document management<br />User management<br />Duplicate checker<br />Fraudster checker<br />User roles management<br />Active directory linkup<br />Account authorisation facility<br />Account linkup (Host / Card)<br />Advanced reporting<br />Management backend<br />Dashboard<br />
    6. 6. THE BANKCORE IDENTIFICATION SYSTEM<br /><ul><li>Identify individuals based on their fingerprints
    7. 7. Accurate and positive identification within seconds
    8. 8. Identify and track customers true identity without a unique identification number
    9. 9. Ability to share fraudulent information between financial institutions
    10. 10. Integration into financial and other systems (link to unique customer ID in Financial Host and linkup to card)
    11. 11. Eliminate paperwork – copying of identification documentation</li></li></ul><li><ul><li>Speed up transactions (Quick and accurate ID)
    12. 12. Reduce fraud (Banks can share fraudster info)
    13. 13. Improve customer satisfaction (Identified anywhere)
    14. 14. Know Your Customer (KYC) CIP regulations
    15. 15. Create trust with customers
    16. 16. Large saving on consumables (eliminate copies)</li></ul>VALUE PROPOSITION<br />
    17. 17. Improve access to credit & financial services for the unbanked population<br />Increases the potential customer base e.g.: pension, social welfare, salary payments<br />Identify customers instantly<br /><ul><li> Reduce fraud losses & identity theft
    18. 18. Reduce transaction turnaround time
    19. 19. Improve customer service
    20. 20. Eliminate multiple identities and consolidate accounts</li></ul>Enables Know Your Customer (KYC) compliance<br />BENEFITS OF BANKCORE<br />
    21. 21. MODULES AVAILABLE<br />Customer backend interface API<br />Bio-EFT POS verification interface<br />KYC CIP and financial system linkup<br />Branch Assist<br />Advanced reporting<br />ATM verification interface<br />Duplicate checker and fraud module<br />Real-time monitor - Dashboard<br />Active directory linkup<br />BankCore FRAMEWORK<br />
    22. 22. <ul><li>Completely standalone system
    23. 23. Integration (Database integration to financial host for unique ID linkup and active directory)
    24. 24. Does not require any tokens (e.g. Cards)
    25. 25. Future proof – not dependant on evolving payment technologies
    26. 26. Only non-repudiating fraud proof system</li></ul>BIONCORE BANKCORE - ONLINE<br />
    27. 27. BANKCORE IN YOUR BANK<br /><ul><li>Intuitive application process flow
    28. 28. Application based
    29. 29. Centralised server architecture
    30. 30. Runs on Windows XPand Windows 7
    31. 31. Very easy to use – learn in less than 3 minutes
    32. 32. Automatic version updates</li></li></ul><li>BANKCORE SOFTWARE<br />Customer Service Desk<br />Secure login – Active directory and fingerprint<br />Enrol customer (Search, scan fingerprints, search fraudster database, capture photo, capture name, surname, telephone number)<br />Enrol 3rd party customer (Search, scan fingerprints, search fraudster database, capture photo, capture name, surname, telephone number) capture transaction number<br />Verify customer (Search, scan fingerprint, view full signature, customer account numbers, KYC information)<br />Document and signature scanning<br />Easily scan customer and 3rd party documents and link to profiles (i.e. ID document, KYC form, mandate card)<br />Scan and extract high quality signature<br />
    33. 33. BANKCORE SOFTWARE<br />Management studio <br />Secure login (Username and fingerprint or username and password)<br />Enrol BankCore users (Roll based, linked to active directory)<br />Capture customer KYC CIP information and account linkup (linked to financial system database) retrieves KYC CIP data from customer account, operator can then complete missing information<br />Roles based approval process (maker checker)<br />Multiple enrolment matcher section (view multiples found)<br />Fraud management section (mark transitions as fraudulent, identities as suspicious)<br />Update bank settings, i.e. add branches with GPS coordinates, specify group roles<br />View full customer report including scanned documents any where<br />Full reporting and audit reports<br />
    34. 34. WHAT CAN BANKCORE DO FOR YOUR BANK?<br /><ul><li>Identify customers instantly and accurately
    35. 35. Manage non-accountholder information (3rd parties)
    36. 36. Advance compression technology – Low bandwidth
    37. 37. No more copying of customer/3rd party documents – reduction in consumables
    38. 38. Faster identification means faster transaction time
    39. 39. Ability to remove withdrawal slips
    40. 40. Eliminates impersonation – Savings accounts
    41. 41. Eliminate customer repudiation of the transactions after conclusion of transactions.</li></li></ul><li>WHAT CAN BANCOREDO FOR YOUR BANK?<br /><ul><li>Increase patronage from illiterates and unbanked
    42. 42. Eliminate losses due to violations of single obligor limit to same customer with multiple accounts.
    43. 43. Reduce data growth, validate new accounts and remove duplicates
    44. 44. Eliminate identity theft as only the first identity can be retrieved while all subsequent Identities can be effectively identified, flagged and blacklisted in the database to forestall fraud.</li></li></ul><li>HOW THE BIOMETRIC ATM WORKS?<br />Customer inserts card into ATM, Customer places fingerprint for Identification<br />Successful fingerprint verification<br />Customer transacts securely<br />
    45. 45. <ul><li>High level of security – Provides strong authentication
    46. 46. Verification time less than 1 second
    47. 47. Proves the claimed identity of the card holder (non-repudiation of transactions)
    48. 48. Cannot be forgotten
    49. 49. Cannot be transferred or stolen
    50. 50. Ability to remove PIN blocks
    51. 51. Reduction of cost (PIN-less systems)</li></ul>BIOMETRIC ATM BENEFITS<br />
    52. 52. BIOMETRIC ATM<br /><ul><li>Add-on to existing ATM
    53. 53. High quality scratch free surface
    54. 54. Quick and easy installation
    55. 55. Fingerprint match online (connection required)
    56. 56. Live finger detection
    57. 57. Works with any card – magnetic stripe, smart card, verve card, etc. </li></ul>Note: Requires ATM software integration on NDC, NDC+ or ANDC<br />
    58. 58. PostBridge_Bioncore<br />BIO-ATM & POS CONNECTIONS<br />
    59. 59. When the customer inserts a card, the ATM sends a QueryCardType command (normal ISO8583) to the switch (Postilion)<br />The switch forwards the request to the BankCoreserver<br />The BankCoreserver responds with a transaction message describing the authentication type required (PIN, Bio, Bio + PIN, Bio or PIN)<br />If biometric authentication is required, the ATM captures the fingerprint and sends it to the switch/ S1 Post Bridge-Bioncorein a normal ISO8583 message, in an extended data type (127.22 field)<br />The switch forwards the message to the BankCoreserver, which performs the authentication and sends the result back to Postilion<br />The transaction continues as normal for a matched PIN entry<br />BIO-ATM CONNECTIVITY<br />
    60. 60. THE ATM / PAYMENT NETWORK<br /><ul><li>Identification occurs across payment network
    61. 61. Only issuer host requires BankCore for Bio-ATM identification</li></li></ul><li>STORAGE REQUIREMENTS<br />Estimated* 35 kb per customer (Photo, Signature, fingerprint, KYC CIP)<br />*Does not include database load<br />
    62. 62. SUPREMA BIO-MINI FINGERPRINT SCANNER<br />FBI PIV-IQS/FIPS 201 certification<br />NIST certified interoperable template format standards (ANSI-378/ISO19794-2)<br />500 dpi optical fingerprint sensor<br />Scratch free sensor surface<br />Top results in NIST MINEX tests and FVC2004/2006<br />CE, FCC, MIC, FBI PIV<br />
    63. 63. FINGERPRINT TECHNOLOGY<br /><ul><li>Universality– Most wildly used form of biometrics
    64. 64. Uniqueness – No two pairs of fingerprints are identical, even between twins
    65. 65. Permanence–Can be damaged and change due to injuries
    66. 66. Collectability– Fingerprints are easy to collect and inexpensive, fingerprint scanners are easy to clean and durable
    67. 67. Performance– Fastest and most accurate
    68. 68. Acceptability –Most accepted form
    69. 69. Circumvention–Live finger detection</li></li></ul><li>ABOUT BIONCORE<br />Bioncore Solutions is a privately-owned biometric software development company based in Johannesburg, South Africa<br />Expert team in identity management solutions for financial identification<br />Specialist knowledge and experience in biometric technology<br />Strong partner network<br />All Bioncore fingerprint software technology was developed in-house and conforms to ISO and NIST standards for biometric identification. <br />
    70. 70. For more information please contact:<br />info@bioncore.net<br />THANK YOU<br />

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