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Capco Partners with EyeLock to Bring Iris Biometric Security to Banks
Date:4/16/2013

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 sa
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SOURCE EyeLock Inc.
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