Aurionpro, a banking digitization specialist, has launched a new product – the Virtual Teller Machine.
If that sounds like another name for the Automated Teller Machines – or ATMs – that are now so widespread, the key difference lies in the breadth of the VTM’s capabilities. Because it makes use of multimodal biometric identification, Aurionpro says its VTM can facilitate even more secure actions like opening new accounts and issuing and activating new cards.
In that respect the VTM is similar to the Diebold Nixdorf kiosks recently launched by Saudi Arabia’s Al Rajhi Bank, which use fingerprint recognition to authenticate users in order to enable debit card printing, account opening, and so on. Major banks’ explorations of such technology appear to be growing more intensive, pointing the way to a more automated and biometric future for banking.
For its part, Aurionpro launched its VTM at the IBEX India Conference last month, and is no doubt keen to promote the solution to banks in the region and beyond.
February 9, 2017 – by Alex Perala