Bank transaction by “fingerprint + vein” two-factor biometric authentication to start
Liquid, Inc. (head office: Chiyoda-ku, Tokyo, Japan, hereinafter referred to as Liquid. CEO: Yasuhiro Kuda), who conduct research and development of biometric authentication engines, and AEON Bank Co., Ltd. (head office: Koto-ku, Tokyo, Japan, hereinafter referred to as AEON Bank. President and CEO: Hiroyuki Watanabe), a subsidiary of AEON Financial Service Co., Ltd. (head office: Chiyoda-ku, Tokyo, Japan. President and CEO: Kenji Kawahara) introduced a new fingerprint + vein two-factor biometric authentication system at five branches on November 27 (Monday), ahead of the full-scale introduction to all branches.
Since last year, Liquid has been carrying out demonstration experiments with AEON Bank on banking transactions using fingerprint authentication and has been promoting research on new banking transactions. This two-factor biometric authentication system, which adds vein authentication to fingerprint authentication, is a highly secure biometric authentication system. It can identify a customer in just a few seconds after the customer holds their fingers over the dedicated terminal. The introduction of such a cardless and password-free service, which allows banking transactions only after biometric authentication, is a first for a domestic bank.
By introducing this service to AEON Bank ATMs and tablet terminals for over-the-counter transactions, bank transactions can be completed paperlessly. Customers can withdraw cash and make payments at an AEON Bank ATM, and change their address or ask for a new card at counters hands-free without needing to carry around cash cards, stamps, identity documents etc. These functions offer high convenience and safety, and they allow bank transactions even when a customer has lost their cash card.
This service uses the large-scale high-speed authentication system developed by Liquid. The system is installed on a dedicated server in a data center strictly managed by AEON Bank. Fingerprint and vein information is encrypted and saved in an unrecoverable state, realizing high security.
Prior to the full-scale introduction to all of AEON Bank’s branches, the system was implemented at the counters and bank ATMs at five locations: Aeon Bank Kanda (Tokyo), Aeon Mall Tsudanuma (Chiba), Aeon Mall Nagoya Dome (Aichi), Aeon Mall Otaka (Aichi), and Aeon Mall Kakamigahara (Gifu).
Liquid is a company developing biometric authentication technology using image analysis and big data analysis, with the vision to “realize a world where people can prove their identity with just themselves.”
Liquid is developing biometric authentication technology that can authenticate people at high speed, even for a large user base, using only biometric information, without requiring external information such as cards and IDs.
Our solution has been awarded “The ICT Innovation Creation Challenge Program (I-Challenge!)” and the grand prix of “The IoT Lab Selection 1st Advanced IoT Project Selection Conference” run by the IoT Promotion Consortium supported by the Ministry of Internal Affairs and Communications and the Ministry of the Economy, Trade, and Industry.