Bahrain-based Islamic retail bank Ithmaar Bank has upgraded its existing ATMs to enable biometric transactions.
The move is a part of the bank’s digital initiatives and aligned with its commitment to customer-centricity.
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Ithmaar Bank ATM upgrade:
Ithmaar Bank’s 43 ATMs were upgraded with fingerprint readers following extensive testing of the new feature.
The customers can register their fingerprint data at their nearest branch after which they can access the new service.
The process eliminates the need to carry cards at the ATMs as well as bolsters security of financial transactions.
Ithmaar Bank chief executive Ahmed Abdul Rahim said: “Ithmaar Bank is determined to become the retail bank of choice. To do so, we invest heavily in continuously developing our products and services to ensure we meet or exceed customer expectations.”
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By GlobalDataThe latest move was first announced in September 2018 when the lender unveiled plans to introduce a biometric payment network.
The biometric payment platform, developed by Eazy Financial Services, is used for several forms of transactions.
It is built on an Automated Fingerprint Identification System (AFIS) and uses a rigorous identification algorithm to authenticate transactions.
Rahim added: “The new biometric payment network allows customers to interact with the Bank in a safer, more secure and, ultimately, more convenient way.
“This opens up an exciting new world of possibilities which, in future, may also include points of sale.”
