BIO-key Sees Trend Taking Shape with Latest Financial Services Clients

“Both financial services organizations have embraced BIO-key’s PIV Pro fingerprint readers and ID Director software for employee authentication, using the biometric technology to regulate access to sensitive IT assets.”

BIO-key has two new clients in the financial services sector, and the company’s leadership believe it’s a sign of more good things to come.

The company did not disclose the names of its new customers, but said in its announcement that one is a regional bank in New York, while the other is a Maryland credit union. Both financial services organizations have embraced BIO-key’s PIV Pro fingerprint readers and ID Director software for employee authentication, using the biometric technology to regulate access to sensitive IT assets.

“Financial services have emerged as BIO-key’s fastest growing vertical,” commented BIO-key CEO Mike DePasquale, adding later, “The growth we are achieving in the financial services sector seems to be in the early stages of a trend that could benefit our company for many years to come.”

The news comes after another New York-based bank embraced biometric security from BIO-key last autumn. Since then, the company has also received orders from companies in the aerospace defense and law enforcement sectors, illustrating the versatility of BIO-key’s solutions.

DePasquale says that other financial services organizations are “actively seeking out” BIO-key’s solutions and asking for demos and proof of concepts, suggesting that more developments in this sector in particular could follow very soon.

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May 21, 2019 – by Alex Perala