News

Hitachi, ITCL team for 'massive' biotech rollout in Bangladesh

Information Technology Consultants Ltd. of Bangladesh says it will deploy 'tens of thousands' of finger vein authentication devices at ATM and POS terminals.

November 2, 2015

Hitachi-Omron Terminal Solutions Corp. and Information Technology Consultants Ltd. of Bangladesh have inked a local distributor agreement covering what a press release described as a "massive" rollout of Hitachi's finger vein biometric technology. ITCL said it will deploy "several tens of thousands" of the Japanese vendor's finger vein devices for user identification at ATM and POS terminals.

According to the press release, ITCL is the only payment system operator authorized by the central bank of Bangladesh to provide electronic payment and transaction processing services as a third-party processor. The company said it provides transaction processing services for more than 30 Bangladeshi FIs, government organizations and retailers, in addition to operating Q-Cash, one of the nation's largest bank-driven independent ATM networks.

ITCL Managing Director and CEO Dr. Kazi Saifuddin Munir said that the Hitichi-Omron solution "fully meets our expectations, and implementation of finger vein authentication technology will help the nation towards achieving financial inclusion ... "

Developed and patented by Hitachi, finger vein authentication uses near-infrared light to capture an individual's vein pattern beneath the skin and match this information with previously obtained data stored as a template. The technology provides a higher degree of security and accuracy because it requires a live finger, the release said.