JS Bank and Paysys Labs Collaborate to Launch Mobile Based Biometric Solution: Instascan
JS Bank, in partnership with Paysys Labs is launching a mobile based biometric solution in Pakistan; Instascan. The mobile based, touchless biometric solution has been integrated with JS Bank’s branchless banking mobile application, JCash to biometrically verify customers for over the counter (OTC) transactions. Imran Soomro – Chief Information Officer at JS BANK, Khurram Shaikh – Chief Digital Officer at JS Bank, and Karim Jindani, Chief Executive Officer of Paysys Labs, attended the signing ceremony.
JCash customers can now avail higher limits of Rs. 50,000 for domestic remittances. Agents can easily verify customers sending or receiving domestic remittances by simply taking a picture of their finger. The Instascan solution extracts the biometric data from the finger and sends it to NADRA for real-time authentication.
Speaking at the launch, Khurram Shaikh said, “JS Bank is pleased to be the first bank in Pakistan to introduce the mobile-based biometric authentication technology which will cater to our banking customers’ needs by providing a much more convenient way to authenticate themselves and avail our banking services instantly.”
Using the NADRA biometric system, the Instascan solution is certainly a great step from the JS Bank team towards digitization and greater financial inclusion.
Via : IDG Pakistan
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