Uniken Takes Palm Vein Authentication to the Bank

Uniken, a provider of security and identity verification solutions, has unveiled its latest innovation: Palm Vein Authentication for in-branch, rural, and inclusive banking. The solution is a part of Uniken’s REL-ID platform.

The new technology aims to enhance security and convenience across diverse banking environments, and uses the unique vein patterns within a person’s palm as a biometric identifier. By simply placing their hand above a sensor, customers can seamlessly authenticate themselves without the need for physical contact or additional devices.

This kind of contactless approach can be particularly valuable in scenarios in which hygiene and convenience are paramount, such as in high-traffic bank branches and during periods of increased risk of contagious viruses.

Leveraging Fujitsu’s PalmSecure technology, Uniken’s Palm Vein Authentication boasts an impressive False Acceptance Rate (FAR) of 0.000001 percent, equivalent to one in 100 million. This high level of accuracy significantly reduces the risk of unauthorized access and fraud.

Moreover, the technology is highly resistant to spoofing attempts, such as deepfakes or impersonation, as it relies on internal biological structures that are difficult to replicate synthetically.

“I believe biometrics is clearly the key to authentication in the future – palm vein is another modality we feel is critical to have on the platform,” said Uniken CEO Bimal Gandhi. “Your clients’ identities are in their hands – with or without their devices. Our mission is zero fraud and certainty in identity – I am delighted to deliver that in electronic and physical channels with zero friction.”

Uniken is now making Palm Vein Authentication available to its global partners, including Temenos, Finacle, and NTT Data Solutions, to enable broader deployment of this innovative solution.

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May 15, 2024 — by Tony Bitzionis