Comnetix wins CDN$150k bank contract for biometric authentication technology
02 December 2004 | 296 views | 0
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.