JS Bank partners with Paysys Labs to launch smartphone based biometric verification solution in Pakistan. The signing ceremony between JS Bank & Paysys Labs was attended by Mr. Khurram Shaikh, Chief Digital Officer, JS Bank and Mr. Karim Jindani, Chief Executive Officer of Paysys Labs (Private) Limited.
Instascan, the biometric verification solution, takes image of the thumb or finger through smartphone camera and verifies from NADRA database on real-time basis. The solution is integrated with JS Bank branchless banking app Agent Mate that will verify customers for over the counter (OTC) transactions.
The solution enables financial services providers to easily incorporate it in their apps through open APIs without installing any hardware. Thus, reducing cost and time to market.