STME, Hitachi partner for digital signing solutions
Alliance to transform Middle East financial organisations’ IT systems
Systems integrator STME, has announced that it has signed an agreement with Hitachi Europe Ltd, to deliver digital signing solutions to the banking sector using Hitachi's biometric finger vein authentication technology.
Under the accord, STME will be the main provider of the technology, covering pre-sales, deployment and operations, and will serve as the first line of support to financial services industry (FSI) customers, while Hitachi will offer a second level of support.
Hitachi said VeinID is recognised as one of the most secure biometrics in the market. Unlike finger prints, vein patterns are extremely difficult to spoof or replicate, the vendor said.
Ayman Al Bayaa, CEO, STME, said the partnership will help organisations in the FSI to find a more cost-effective approach to integrating legacy systems into their software architecture. Al Bayaa said in addition, the technology offered will promote innovation and safeguard leading regional banks' network security system.
"This partnership was formed as a result of extensive research aimed at bringing innovation and a more effective security solution to some of the Middle East's major banks. It supports our existing fully integrated security portfolio," Al Bayaa added.
Al Bayaa said the offering comes as demand for system integration systems in Middle East banks increases, driven mainly by the sector's robust performance and evolving IT and security needs.
Ravi Ahluwalia of Hitachi Europe Ltd said: "This unique biometric security solution enables large corporate financial customers to execute transactions of all sizes, securely and safely. This technology has already been adopted by several banks globally, in particular Barclays Bank Plc in the UK and we are very proud to be at the forefront of such pioneering technology."
STME's Al Bayaa added that the newly developed solution will dramatically improve the way banks do business in the region by converting their systems into agile and flexible infrastructure.