Bank of Montreal (BMO) has partnered with BioConnect to bring biometric mobile authentication to its clients.
BMO Financial Group and Toronto-based BioConnect said the platform is integrated with IBM’s security authentication solutions. It will enable BMO to offer commercial and corporate clients the mobile biometric authentication platform through BMO Online Banking for Business and the BMO Banking for Business Mobile App.
“We continue to transform the bank with a focus on offering new digital capabilities that will enhance the user experience and align with changing customer expectations, and this partnership is a reflection of that,” said Sharon Haward-Laird, head, NA treasury & payment solutions.
“Offering a way for our customers to quickly authenticate transactions and payments using biometric authentication vastly improves the customer experience while enhancing security for our clients in Canada and the U.S.”
Based in Toronto, Canada , BioConnect has over 1600 Customers, 60 Partnerships and 70 BioConnectors, Its platform curates biometric sensory information, fingerprint, voice, face or eye, to authenticate transactions, providing stronger identity assurance during the authentication process and augmenting the familiar username and password method.
“For the past 101 years, IBM has had an unwavering commitment to bring innovative and relevant solutions to help the Canadian financial services industry continuously evolve and reinvent,” said Maxime Desbiens, market leader, security, IBM Canada.
“This collaboration pairs BioConnect’s biometrics and IBM’s broad security expertise to help BMO provide its customers with secure access management as they introduce new digital technologies to meet current and future banking needs.”
Last year, BioConnect integrated FacePhi’s SelPhi face recognition system into its agnostic biometric identification platform, BioConnect ID. As a result, the joint solution now delivers facial recognition and a range of biometric-based identity methods to FacePhi’s banking customers and prospective partners in the banking industry.
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