In 2014, M2SYS Technology and Infinite Solution (local partner) together worked with Arig Bank of Mongolia in order to streamline their customer authentication process at their branches with the help of biometric technology. Currently the bank is using our finger vein technology to authenticate more than 400,000 customers.
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Arig Bank to Launch Biometric for Customer Authentication
1. Case Study
Arig Bank First in Mongolia to
Launch New Biometric Reader for
Customer Authentication
2. Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
In 2014, M2SYS Technology and Infinite Solution (local partner) together worked with Arig Bank of Mongolia
in order to streamline their customer authentication process at their branches with the help of biometric
technology. Currently the bank is using our finger vein technology to authenticate more than 400,000
customers.
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA
3. Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
Challenges:
Security breaches and employee transaction fraud
issues
Lack of an ability to automatically confirm and
identify their customers
Provide safer verification systems
Cut customer fraud risks
Infinite Solution integrated this solution because Arig Bank of Mongolia was facing several problems and
challenges. Listed below are some major challenges leading to the deployment of biometric technology :
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA
4. Solution:
In an effort to address the problem of identity theft Arig Bank selected Bio-Plugin™ and the FuseID™
‘HYBRID’ fingerprint reader to work in tandem with their existing core banking software (Infosys’s
Finacle). The technology has been piloted in 2013 in two branches with 20 terminals. Listed below are the
major deployment parameters of this project:
Enabled fingerprint and finger vein verification system
Deployed in two branches with 20 terminals
Initial database size of the pilot project was 30,000
Scalable database upgrades to 390,000
Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA
5. Software Solution Overview:
Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
Bio-Plugin™ is a revolutionary biometric middleware solution that
allows developers to rapidly integrate a multi-modal biometric
system without the development work required from a low level
biometric SDK. Below are the features and benefits of the Bio-
Plugin™ solution:
Features:
Supports fingerprint, finger vein, palm vein,
iris, facial, and voice recognition
Supports any SQL compliant database,
including MS SQL Server, Access, MySQL, Oracle
9i, DB2, Informix
Scalable, high-performance matching server
for large implementations
Compatible with Windows and Web
applications
Benefits:
Integrate a complete biometrics system in a few
hours
No system dependencies
Includes biometric verification (1:1) and robust
identification (1:N) software
Easily mix-and-match biometric modalities and
devices without additional programming
Simple, affordable licensing model
Get This Bio-Plugin™ SDK
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA
6. Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
Hardware Solution Overview:
Features:
Capture fingerprint and finger vein
simultaneously in a single touch
High-level encrypted data transfer across
USB
LED display visual feedback
Intuitive interface
Expansive operating range (0° – +40°C,
wet or dry)
Benefits:
High accuracy, direct light resistant design
Ultra-precise, FBI-compliant 500 DPI fingerprint
image resolution
Sophisticated liveness detection
Compact and versatile unit with lightweight
design
Compatible with M2SYS Bio-Plugin™ Matching
System, RightPatient®, and RightPunch™
M2-FuseID™ is a revolutionary “smart” fingerprint reader that
delivers higher levels of security, reliability, and accuracy than
other fingerprint scanners. The M2-FuseID™ Finger Reader
simultaneously and safely captures the unique finger vein pattern
inside your finger along with a copy of your fingerprint. Here are
the benefits Arig Bank realized after the deployment:
Get This M2-FuseID™ Finger Reader
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA
7. Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
Benefits:
Advances in biometrics, heightened safeguarding requirements, and public perception has made Arig Bank
more cognizant of how they protect their customers and their information. Bio-Plugin™ and FuseID™
helped them secure the authentication process and has become nearly a de facto standard due to
increased incidents of identity theft in Mongolia.
Accurate customer identification
Fast and secure transactions
Concrete audit trails of transactions
Prevention of banking fraud
Convenience to the banking system
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA
8. Case Study : Arig Bank first in Mongolia to launch
new biometric reader for customer authentication
About M2SYS:
Delivers innovative, scalable, and practical identity management solutions that increase security
and convenience
Millions of customers in more than 100 countries worldwide
ISO 9001:2008 Quality Management System (QMS) Certified Company
Registered vendor for The United Nations Global Marketplace portal (UNGM # 377090).
M2SYS Technology is a U.S. based biometric
research and development firm. Our goal is to
enable end users to capitalize on the benefits of
using biometrics for security and identity
management by accelerating their return on
investment (ROI).
Contact Information: +1 770 393-0986
sales@m2sys.com | www.m2sys.com
1050 Crown Pointe Pkwy │ Suite 850 │ Atlanta, GA 30338
USA