The Commercial Bank of Qatar has introduced NCR’s finger vein authentication technology for authenticating ATM transactions.
To verify the identity of customers, the technology maps the unique internal vein system within the finger of the individual.
Unlike fingerprint scans, this technology requires a living person to be present in person for each transaction, thereby lowering chances of fraud.
The bank, which is the first in the country to use this technology, said that the unique identification method will help boost security of ATMs and customer data as well as accelerate the authentication process.
Commercial Bank COO Samir Sheikh said: “Finger vein technology is the first-to-market innovation that will give customers easy, secure access to our ATM machines and will set a new authentication technology standard to protect our customers’ accounts.”
At the same time, the technology vendor has also inked an agreement with Commercial Bank to support the transformation of its banking channel with innovative software and omni-channel technologies over the next few years.
NCR Qatar country general manager Hicham Yamout said: “NCR is working closely with Commercial Bank in their transformational journey of being a truly world class bank offering the latest in omni-channel technology and innovations to improve efficiency, increase revenue and lower cost of operations.
“The introduction of the first ever finger vein biometric authentication technology reinforces the bank’s commitment to offer safe banking environment and enable faster transactions.”