French augmented identity company IDEMIA has partnered with Japanese IT solutions provider TIS to advance research and development (R&D) of mobile-based biometric digital identity solutions for credit card industry.
Under the arrangement, the partners intend to perform verification testing over the coming months in Japan to bring the digital solutions to credit card companies as well as other financial institutions.
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This will be made possible via joint R&D of secure solutions by leveraging IDEMIA’s digital identity and payment platform, along with TIS’ experience and expertise on technologies such as its PAYCIERGE retail payments solution.
Biometric digital identity solutions for financial institutions include biometric authentication, identity verification and digital signatures.
IDEMIA and TIS expect the integration of their technologies to result in reliable and convenient payment solutions such as facial authentication for secure and highly-sensitive transactions.
In addition, the companies will work on facilitating remote opening of a bank account and enrolment on any device in all types of financial products.
IDEMIA executive vice-president of financial institutions business unit Pierre Barrial said: “By combining IDEMIA’s best-in-class knowledge in ID integration and TIS’s outstanding IS integration, we can create superior value-added services for Japanese financial institutions, acquire new customers, speed up market entry, and reduce integration costs.”
TIS managing executive officer and division manager of the payment services division Kiyotaka Nakamura said: “TIS has been developing PAYCIERGE solutions, but the importance of security and usability has become clear with recent progress in FinTech.
“We will see business innovation and market creation in the payments domain utilising the experience and technologies acquired by TIS and the security technologies and high-usability solutions of IDEMIA.”
