22 August 2017
Find out more

Comnetix wins CDN$150k bank contract for biometric authentication technology

02 December 2004  |  282 views  |  0 Source: Comnetix

Comnetix Inc. , a leading provider of biometric identification and authentication solutions, announced today that it has received an order, valued at more than $150,000 CDN, for its Civil Applicant Processing System (CAPS).

The order comes from a major international investment bank, whose identity has been contractually kept confidential. The system will be used to fingerprint potential employees in order to run criminal history and periodic status checks, as required by federal regulations.

Comnetix CEO Jim Scullion said, "Comnetix is fast becoming the provider of choice for sophisticated international financial institutions because our solutions are fast, accurate, and their open architecture enables communication with any other database upon which data may be stored. We have a number of major financial institutions as customers, as well as a one of the world's largest stock exchanges, and are very proud to add this prestigious organization to the growing list of those with whom we work."

The system will be installed in the customer's New York City headquarters, and two remote sites, including London, England, and will interface with its local human resources systems. Integration with the bank's legacy systems will enable the bank to create a unified employee record.

The system will facilitate electronic data submission to the FBI automated fingerprint identification systems (AFIS/IAFIS) environment via channeling agents, such as the National Association of Securities Dealers (NASD), using specified electronic fingerprint transmission specification (EFTS) communications.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comdownload the paper now

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12225 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10742 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10089 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9978 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9871 views comments | 21 tweets | 34 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job