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Riyadh Bank chose 01 Systems’ dominant biometrics technology (fingerprint) to authenticate their customers’ identities

Riyadh Bank chose 01 Systems’ dominant biometrics technology (fingerprint) to authenticate their customers’ identities

Riyadh Bank chose 01 Systems’ dominant biometrics technology (fingerprint) to authenticate their customers’ identities. Riyadh Bank decided to include reasonable and risk-based procedures to verify the true identity of any customer that is willing to conduct financial transactions at the branch. As a result, the bank has reduced identity theft and financial fraud, complied with the related regulation (KYC, AML, CFT, SIM reg, etc.), automated and increased the average processing time.