CAC Bank to deploy iris scanners
Yemen's Cooperative & Agricultural Credit Bank signs deal with IrisGuard for banking biometrics
Yemen’s Cooperative & Agricultural Credit Bank (CAC) is going biometric, with the deployment of iris recognition technology at all of its branches.
The deployment, which will be done as part of a contract with IrisGuard Inc, will put biometric scanners in all branches, which will be used to identify customers and authenticate all banking transactions.
IrisGuard will supply the complete solution for CAC Bank, including IrisGuard IG-AD100 iris imagers and the IrisGuard iBank Suite software. All of the bank’s teller and customer services desks will be equipped with scanners, with the aim of authenticating all transaction to reduce fraud, and identity theft.
Hafed Mayad, chairman of CAC Bank commented: “CAC Bank continues to solidify its pioneering leadership position in the banking and financial sector throughout Yemen, by deploying IrisGuard’s trusted banking solutions, we are effectively, maximizing our customer’s convenience, experience and services. By relying on the latest state-of-the-art iris technology we bring to our customers fast, accurate and secure banking transactions be it at the automated teller machines or at the teller/customer service desks with speedy trusted withdrawals.”
Along with using the iris scanners at customer service desks, the bank will also install Dual Eye IG-AD100 Iris Cameras at all 80 of its ATMs, and will also look at extending the biometric solutions to time and attendance for bank staff, as well as integrating biometric protection into its online banking services.
“Cooperative & Agricultural Credit Bank and other banks in the region recognize and acknowledge the pristine customer authentication value of our ubiquitous iBank suite, which offers enhanced identification to their clients by eradicating poor identification methods such as Pin Codes (Personal Identification Number) and Password. We commend CAC Bank for their technology leadership and vision in Yemen,” said Imad K. Malhas, CEO of IrisGuard.