Veridium, a leader in biometrics-based authentication technology, today announced that CEO James Stickland will be demonstrating Veridium's proprietary biometrics technology, 4 Finger TouchlessID, as part of its mobile banking solution at FinovateEurope 2017. Mr. Stickland will be demonstrating Veridium's mobile security capabilities at 9:35 am on Tuesday, 7 February, during Demo Session One.
Veridium is looking to eliminate the most vulnerable point of access management solutions - the password - by making biometrics a secure and convenient authentication solution for enterprises. Its solution VeridiumID gives customers the ability to log on quickly and securely using their biometrics, while banks and financial institutions can reduce the costs associated with resetting passwords - on average, up to $180,000 annually per 1,000 employees - in addition to reducing the risk of fraudulent transactions.
FinovateEurope gives financial institutions, fintech companies, and industry analysts and investors access to innovative companies showcasing cutting-edge banking and financial technology. The conference will be held at Old Billingsgate Market Hall in London on Tuesday 7 February, and Wednesday 8 February.
For more information on Veridium and the impact of biometric adoption in the financial services industry, please visit: www.veridiumid.com/biometric-applications/biometric-banking