Saudi automated teller machine () provider Alhamrani Universal (AU) has collaborated with identity platform ShoCard to develop a -based biometric ATM, according to a press release on Feb. 27.
The collaboration will see AU and ShoCard create a new type of an ATM combining technology and biometrics as part of a five-factor authentication process. The ATM will reportedly allow to use a -based app and facial recognition instead of personal identification numbers to withdraw funds.
The ATMs will purportedly be able to communicate across in the region, while the deployment of technology will allow it to confirm users’ identities without the need to access bank databases. Armin Ebrahimi, Founder and CEO of ShoCard, said that “protect[s] individuals’ identity while confirming the information that banks need to verify that a withdrawal is legitimate.”
Founded in 1981, Alhamrani Universal is purportedly the largest ATM provider in the Middle East, having an over 50 percent of the ATM market share in Saudi Arabia.
has been widely adopted for management systems. Recently, global computer tech giant Oracle the expansion of features on its commercial Oracle Platform, including identity management and data integration features, such as enabling the integration of transaction history with other data resources.
In November of last year, American software corporation a serverless -powered Azure development kit, which contains features like off-chain identity and data, monitoring, and messaging application programming interfaces (API) in a format that can be used to develop -based apps.
Published at Sat, 02 Mar 2019 02:09:03 +0000
