Veridium, a leader in identity access management solutions using biometrics as the primary authenticator, announced news that it has been awarded a grant from the Digital Financial Services Innovation Lab to develop and field test biometric authentication technology on unmodified Android smartphones, which can improve the way people in developing countries access and enroll in financial and government programs.<\/p>\n
With the DFS Tech grant, supported by the Bill and Melinda Gates Foundation, Veridium will launch a pilot project in a developing region to allow fingerprint scanner verification to be deployed instantly, anywhere and with no marginal cost.<\/p>\n
Low-income and developing areas often lack valid identity documents, which can lead to fraudulent financial activities, money laundering and the diversion of government resources.<\/p>\n
\u201cWe are excited to have been chosen by the Digital Financial Services Innovation Lab and the [Bill and Melinda] Gates Foundation to participate in this groundbreaking pilot program,\u201d shared James Stickland, CEO, Veridium. \u201cWe look forward to being able to make a true and lasting impact on developing nations in their effort to enroll and authenticate individuals in financial and government programs.\u201d<\/p>\n
Read more at – Veridium Rolls Out Fingerprint Verification Pilot In Developing Countries<\/a><\/p>\n
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