IrisGuard’s iBank Suite provides the 'Best of Breed' Customer Authentication  Biometric Solution that is amenable to the needs of both the Customer & Banks which require Basel ll stringent controls and procedures. Without this due diligence, banks can become subject to reputational, operational and legal risks, which can result in significant financial penalties.  The iBank Solution offers pristine convenience & security throughout the bank account processes. The Solution differentiates your bank from your competitors & in turn will allow you to retain customers through improved customer services. In turn it will also assist in acquiring greater market share whilst significantly reducing your banks overall operational risk.
 
IrisGuard's iBank authentication suite can help your bank enhance customer identification procedures & globally increase security in the following manner:

1. Protect your Customers through strong and secure customer authentication processes that can be seamlessly integrated into your core banking applications.

2. Customer due diligence for banks and Know-Your-Customer (KYC) compliance.

3. Combats money laundering.

4. Eradication of ID Theft at the Teller, ATM & Online Internet Banking.

5. Guarantee non-repudiation of transactions.

6. Improved customer authentication experience, service levels & increased operational efficiency thus providing your customers an enhanced banking experience whether you are at the Teller and Customer Services positions while offering unmatched intuitive and ease of use for your clients at home, at  the ATM & self service kiosks environments.

7. Reduce losses from 'skimming' at ATM's & in turn prevent ‘phising' attacks on the Bank & its customers.

8. Cost effective by reducing the overall costs associated with the administration & issuance of Card/Pins.

9. Ensure customer confidence & security through state of the art trusted iris recognition technology.

10. Experience a positive image from the enhanced customer service & unprecedented security.

11. Overall, assist the bank in mitigating large elements of 'Operational' & 'Reputation' risk for the bank.

In summary, IrisGuard's iBank technology represents an evolutionary yet-proven technology to assist your bank with the elimination of ATM fraud & ID Theft, whilst improving your customer service in branches & kiosks. This in turn ensures the reduction in the banks operational risk profile for branch & channel banking.