BioConnect, a Canada-based developer of identity management platform, and EyeVerify, a US-based biometric security technology firm, have partnered to improve identity and authentication in financial services industry.
They inked a licensing agreement under which EyeVerify’s Eyeprint ID platform will be integrated into the BioConnect platform.
Eyeprint ID uses existing 1+ MP smartphone cameras to image and pattern match the unique pattern of eye veins and other micro features in and around the eye.
BioConnect vice president of strategic marketing and global alliances Bianca Lopes said: "EyeVerify is one of the highest standards of mobile-friendly security and built perfectly for the financial services industry: secure and frictionless. We are proud to partner, and can't wait for the possibilities that come with this as we, together, fundamentally change how we verify our identity in financial applications and combat fraud."
EyeVerify EVP of global sales and marketing Chris Barnett stated: "We fully believe in BioConnect's Quest for Rightful Identity, and are pleased to be included in their mobile platform. We think Eyeprint ID is a perfect fit for BioConnect customers seeking convenient, private and secure authentication."
BioConnect started developing its BioConnect Identity Platform 7 years ago, primarily focusing on security and physical access control, which enables enterprises to consume all biometrics as an authentication strategy without changing existing legacy infrastructure.