Tech solutions firm Equiniti Group has revealed a new solution that is designed to help financial institutions create biometric security-enabled mobile apps.Called Prequel, the firm describes it as a mobile biometric authentication and identity lifecycle solution.Equiniti Group said that the Prequel mobile app has been developed specifically for the financial services industry and includes key identification and authentication processes from credential verification to face and voice recognition capabilities.It can help with the “Know Your Customer” or KYC requirements imposed by the Financial Conduct Authority (FCA).”Biometric solutions that have been implemented recently show a reduction in fraud, improved customer satisfaction and increased brand loyalty due to a positive customer experience,” said Andy Edler Business Development Director at Equiniti Intelligent Solutions. “This is another example of Equiniti developing digital solutions for clients that will change the way we interact with service providers making the process fast, simple and much more enjoyable.”While the document verification module of Prequel facilitates the scanning of officially recognised identity credentials such as a passport or driving licence. Prequel also enables scalable facial and voice recognition on a mobile device.”Daon works with some of the most innovative brands in the world who are deploying biometrics for authentication within a wide range of customer experiences because, quite frankly, alternatives just aren't good enough” said Tom Grissen, chief executive officer at Daon. “We also know that 4 out of 5 people across all age groups prefer using biometrics over passwords and pins for digital transactions. The IdentityX Platform provides Equiniti with a solution that is 100% inclusive and also future-proofs their digital onboarding service with the ability to add additional biometric technologies as they become available.”
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