Banking
solutions
biometrics for banking and financial services
Banking Automated Facial/Fingerprint Identification System
BAFIS is a biometric solution for banking and financial services designed to address the main challenges faced by these types of entities.
- Provision of FINGERPRINT and FACIAL biometric services for user onboarding and carrying out 1:1 or 1:N financial operations. You can use just one biometric or both (both would run on the same biometric engine)
- Provision of licenses for testing, approval, and production phases
- Gives the bank ownership of the biometric database, with fingerprints in standard format
- Cloud-based and On Premise liveness and document verification systems
- Comprehensive maintenance services and updates and support for possible new developments
Application areas
ATM and PoS
Banking mobility solutions
Online banking
Access to secure areas
Time control and attendance registration
BAFIS facial XELIOS
- Unique liveness detection; intuitive and simple user experience; high level of security
- Centralized processing
- Cloud-based and OnPremise liveness and document verification systems
- Easily integrable into existing banking applications
Compatible with web and mobile platforms for multiple use cases such as:
- KYC: Verification against the user’s ID document photo
- Facial recognition and liveness detection
- Detection of duplicate identity documents and Digital OnBoarding
Key differentiators
Effective tool in the fight against identity fraud
Allows all types of financial operations (including payments) to be carried out with complete security, since authentication is performed centrally against the server, not locally on the terminal
In the solutions of other providers of this type of service, authentication is performed on the terminal (smartphone, computer, laptop, etc.)
My Identity Proofing (IDEMIA)
Xelios has extensive experience with numerous successful cases in the implementation of this Idemia technology, which enables identity verification and customer registration (OnBoarding) anytime and anywhere.
Our Identity Verification platform is a service that offers:
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Capture and verification of identity documents
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Biometric capture and verification
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Root of trust verifications
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Third-party database verifications
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AML/CFT compliance verifications
Key clients and success stories
Benefits
Customer registration anytime and anywhere
- Increase customer acquisition
- Improve efficiency
- Leverage all sales channels and devices
Enhance the customer experience
- Optimizes the registration process
- Reduces delays from weeks to minutes
- Provides users with immediate access to services after the onboarding process
Complies with regulations and reduces identity fraud
- Anti Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Know Your Customer (KYC) regulations
- Meets risk management obligations
Omnichannel onboarding
- The platform enables customer onboarding/registration through multiple channels, whether in-branch, assisted by agents, or remotely using a smartphone or PC.
Advantages for the bank
- Non-exclusive solution: can coexist with other payment systems, such as credit cards.
- The user decides which payment system to use.
- No implementation or investment costs for the bank: Xelios provides both hardware and software, charging only per transaction.
- Simple and fast integration with existing systems.
- Continuous support: Xelios provides all necessary assistance during testing, pre-production, and production phases.
- Short-term Xelios-bank contract: 2 years, renewable annually after the initial term.
- Improves the financial institution’s image among its clients, who perceive their bank as committed to technological modernization.
- Economic benefits: the bank does not bear the costs of credit cards. Xelios charges the institution less than 20 cents per transaction/operation. (The difference is clear).
- Freedom for the financial institution to choose its biometric providers: the ownership of biometric data belongs to the bank, which can dispense with Xelios and contract with another provider.