Partnership enhances mobile banking security through VeridiumID and its biometric 4 Fingers TouchlessID
BOSTON, Nov. 16, 2016 /PRNewswire/ -- The innovative Dutch mobile-only bank bunq and leader in biometrics-based authentication solutions Veridium announce their partnership to provide customers with the most secure mobile banking experience. bunq's banking app will now use VeridiumID and its groundbreaking hand recognition software, 4 Fingers TouchlessID (4 Fingers). With their collaboration, Veridium and bunq present a world first in the financial sector to address consumers' need for fast, easy-to-use and safe mobile banking.
By capturing all four fingerprints at once, 4 Fingers has a higher level of precision and reliability for authentication than other biometrics such as face, voice or a single fingerprint. Ali Niknam, CEO and Founder of bunq: "Our commitment to giving people control over their money again requires the latest technology and biometric authentication solutions. With 4 Fingers we guarantee an easy-to-use and safe banking experience in which users have access to real-time data."
"I believe bunq's banking platform is a market disruptor and we are delighted that bunq selected our biometric authentication solution to play such a critical function," says Todd Shollenbarger, COO of Veridium. "VeridiumID is flexible, secure and extendable, allowing bunq to scale to millions of users across Europe as it continues to expand its country coverage."
Veridium is a leading provider of end-to-end biometric authentication designed to safeguard enterprises' most critical assets. Powered by an unmatched legacy of biometrics R&D, Veridium solutions help organizations to increase security, reduce fraud, and cut the costs associated with passwords and traditional multi-factor authentication solutions. Veridium has offices in Boston and New York, U.S.; Oxford and London, U.K.; Houten, Netherlands; and Bucharest and Timisoara, Romania. For additional information, please visit www.veridiumID.com.
Bunq is thought leader in developing new ways of banking. Opening an account is free for individuals. Business customers only pay per use. Bunq is the first greenfield bank in over 35 years and commits itself to giving people control over their money again. For more information, please visit www.bunq.com.