Navigation Links
Capco Partners with EyeLock to Bring Iris Biometric Security to Banks

NEW YORK, April 16, 2013 /PRNewswire/ -- Today, EyeLock Inc., a leading provider of iris-based identity authentication solutions, announced a partnering relationship with Capco, a global business and technology consultancy dedicated solely to the financial services industry, to implement EyeLock's identity authentication security solutions across the financial services sector.

Capco recently launched its Secure – Banking and Capital Markets practice.  The goal of this practice is to increase security for financial institutions by implementing EyeLock's iris authentication technology as the cornerstone of the new practice.

The partnering relationship leverages EyeLock's proven iris authentication technology to solve critical problems that cost banks billions of dollars each year. EyeLock's solutions include cost-out physical security strategies such as keyless branch conversion.  Additionally, solutions are aimed at increasing logical security for customer-facing applications, online and mobile systems such as ATM access, account opening, check clearing, wire transfers and mobile banking, among others. Increasing security at these points will help protect customers and ultimately save banks billions.

"The banking and capital markets industries are currently facing a very serious security crisis," said Bill Adiletta , New York Technology Partner at Capco. "Each year, financial firms lose tens of billions of dollars due to security breaches. There has long been a need to find a better solution as security risks continue to escalate, especially as we move to an increasingly digital society. Fortunately, the technology to prevent security breaches has progressed exponentially. EyeLock's iris authentication system delivers the technology to effectively reduce cost, mitigate fraud and increase consumer satisfaction. That is a powerful triple-play."

"The financial services sector has a crisis level need for trusted identity, which means banks and other financial institutions need to verify that a person is who he or she claims he or she is, otherwise the door is left open for breaches," said Jeff Carter, Chief Strategy Officer at EyeLock. "Working with Capco, EyeLock delivers a high-value service-related solution across employee and customer-facing touch points, including physical branch access, ATM account authentication and kiosks, teller transactions, account opening and check cashing."

"Our partnering relationship with Capco accelerates our growth and market reach deep into the financial services marketplace," said Anthony Antolino , Chief Marketing Officer at EyeLock.  "EyeLock continues to provide significant value across global vertical markets through partnering relationships with market leaders, and working with Capco to further penetrate the financial services sector will ultimately provide a huge competitive advantage for their customers that adopt this technology."

In just one example of improved physical security EyeLock estimates that, by implementing this new technology, Tier 1 banks will be able to eliminate annual recurring costs of approximately $45 million over the course of the first two years by using keyless bank entry for employees and vendors alone.

About Capco 
Capco is a global business and technology consultancy dedicated solely to the financial services industry. Our professionals combine innovative thinking with our unrivalled first-hand industry knowledge to offer our clients consulting expertise, complex technology and package integration, and managed services to move their organisations forward.

Through our collaborative and efficient approach, we provide our clients with tools to enable them to increase revenue, better manage risk and regulatory change, reduce costs and enhance control. We specialize in banking; capital markets; insurance; wealth and investment management; finance, risk & compliance; and technology. We serve our clients from offices in leading financial centres across North America, Europe, Asia and Africa. To learn more, visit our web site at and subscribe to Capco's newsroom RSS feed.

About EyeLock Inc.
EyeLock Inc. is a leading technology provider of iris-based identity authentication products and technology solutions. Transforming the way identities are authenticated and protected, the Company offers a broad suite of breakthrough solutions for the identity management, access control, border control and logical access sectors.

The proprietary, iris-based identity authentication solutions are cost-effective, scalable and easy-to-use iris recognition systems that operate while a person is in motion and at a distance. EyeLock delivers products and solutions where privacy, convenience and security are synonymous.

EyeLock Media Contact:
Samantha Wolf
KCSA Strategic Communications
(212) 896-1220

Capco Media Contact:
Jessica Kleinman
(646) 395-6300

SOURCE EyeLock Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related biology news :

1. Linking and lightening: New partnership connects and reveals dark data
2. M2SYS Technology Partners with Hitachi to Offer Innovative Biometric Finger Vein Scanner to US Market
3. Science, Innovation, and Partnerships for Sustainability -- Symposium May 16-18
4. Ducks Unlimited Canada and Canadian Light Source partnership to shed light on wetlands
5. New museum-university partnership ushers in new era of environmental science education
6. Grants add to Northwestern-Qatar partnership
7. Royal Astronomical Society and Oxford University Press partnership announced
8. F1000 Research partners with figshare to provide smart ways of accessing data
9. Sandia seeks commercial partners for revolutionary SpinDx medical diagnostic tool
10. BGI partners with the University of Birmingham
11. MU celebrates $5 million partnership for advancing biomedical discoveries
Post Your Comments:
(Date:6/20/2016)... -- Securus Technologies, a leading provider of civil ... investigation, corrections and monitoring announced that after exhaustive ... the final acceptance by all three (3) Department ... (MAS) installed. Furthermore, Securus will have contracts for ... October, 2016. MAS distinguishes between legitimate wireless device ...
(Date:6/15/2016)... York , June 15, 2016 ... new market report titled "Gesture Recognition Market by Application ... Forecast, 2016 - 2024". According to the report, the  ... 11.60 billion in 2015 and is estimated to ... USD 48.56 billion by 2024.  Increasing ...
(Date:6/9/2016)... TURKU, Finland , June 9, 2016 ... French National Police deploy Teleste,s video security solution to ensure ... France during the major tournament ... and data communications systems and services, announced today that its ... Police Prefecture to back up public safety across ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... Houston Methodist Willowbrook Hospital has signed ... to serve as their official health care provider. ... will provide sponsorship support, athletic training services, and ... volunteers, athletes and families. "We are ... and to bring Houston Methodist quality services and ...
(Date:6/23/2016)... June, 23, 2016  The Biodesign Challenge (BDC), a ... ways to harness living systems and biotechnology, announced its ... in New York City . ... students, showcased projects at MoMA,s Celeste Bartos Theater during ... , MoMA,s senior curator of architecture and design, and ...
(Date:6/23/2016)... ... 23, 2016 , ... STACS DNA Inc., the sample tracking software company, today ... Laboratory, has joined STACS DNA as a Field Application Specialist. , “I am ... and COO of STACS DNA. “In further expanding our capacity as a scientific integrator, ...
(Date:6/23/2016)... June 23, 2016  Blueprint Bio, a company dedicated ... the medical community, has closed its Series A funding ... . "We have received a commitment from ... we need to meet our current goals," stated ... the runway to complete validation on the current projects ...
Breaking Biology Technology: