IDEMIA Offers Biometric Expertise in Japanese FinTech Project

“By combining IDEMIA’s best-in-class knowledge in ID integration and TIS’s outstanding IS integration, we can create superior value-added services for Japanese financial institutions, acquire new customers, speed up market entry, and reduce integration costs.”- Pierre Barrial, EVP, Financial Institutions Business Unit, IDEMIA

IDEMIA has teamed up with Tokyo-based IT solutions provider TIS to develop a digital identity platform aimed at the financial services market. Dubbed “Paycierge 2.0”, it’s a platform concept that is still developing, with TIS having launched the project back in 2016, and IDEMIA now stepping in to lend its expertise in biometric identification technologies.

In a statement announcing the collaboration, IDEMIA highlighted its expertise in facial, fingerprint, and iris recognition. It isn’t yet fully clear how those modalities will come into play in Paycierge 2.0, but the companies offered the example of using facial recognition to validate sensitive online transactions like fund transfers and other payments.

Other capabilities planned for the platform include remote bank account activation and “[e]nabling enrolment anytime, anywhere, and on any device in any type of financial product (loans, savings, life insurance, etc.) in a legally-compliant form.”

Elaborating on the larger aim of the collaboration, IDEMIA Financial Institutions Business Unit EVP Pierre Barrial said the companies will “create superior value-added services for Japanese financial institutions, acquire new customers, speed up market entry, and reduce integration costs.”

The announcement of the partnership comes soon after the launch of a biometric payment card trial featuring IDEMIA technology in collaboration with Japanese credit card firm JCB, pointing to a growing focus on Japan’s FinTech market on IDEMIA’s part.

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June 1, 2018 – by Alex Perala