• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

After Central Bank Endorsement, Iraqi Bank Agrees to Trial Zwipe’s Biometric Tech

April 4, 2022

After Central Bank Endorsement, Iraqi Bank Agrees to Trial Zwipe's Biometric Tech

Another Iraqi bank is planning to pilot biometric card technology from Zwipe, further cementing the company’s strong position in the country.

The National Bank of Iraq is one of the biggest private banks in the country, with 19 branches across Iraq’s major cities. And it will be trialing fingerprint-scanning payment cards based on the Zwipe Pay platform starting in the summer of this year.

The trial will once again entail a collaborative effort between Norway-based Zwipe and Areeba, its local partner for issuing, processing, and acquiring services, with the two companies having first teamed up in 2020.

For the bank, the pilot represents an opportunity to demonstrate its innovation in the financial services sector, suggested National Bank of Iraq CEO Ayman Abu Dhaim.

“We are very pleased to partner with Zwipe, a leading technology brand in biometric payment cards globally, and Areeba, a leading payment service provider in the region,” he said. “We are keen to be amongst the first banks in the region to introduce this world-class innovation, ensuring that our customers are extremely well protected when using payment cards while enjoying a great user experience.”

The development notably comes after the Central Bank of Iraq officially endorsed Zwipe as a vendor of innovative financial technology at the start of this year. Duha Al Atta, the Central Bank’s General Manager, specifically encouraged banks “to pilot innovations from Zwipe, assess the end users’ feedback and bring biometric payment cards to Iraq in 2022.”

“I am pleased that our collaboration with the Central Bank of Iraq has encouraged leading Iraqi issuers such as NBI to embrace next-generation payment cards,” commented Ramzi Saboury, Zwipe’s General Manager for the MENA region. “With 40 million inhabitants and 7 million payment cards, expected to grow to more than 10 million over the next 4 years according to the World Bank, Iraq represents a significant growth opportunity for Zwipe in the Middle East.”

Saboury was appointed to his role in April of 2021, and has since played a key role in establishing Zwipe’s presence in the region.

The company named a new Chief Strategy and Product Officer, former IDEMIA executive Patrice Meilland, last week.

–

April 4, 2022 – by Alex Perala

Related News

  • Zwipe and areeba Initiate Biometric Card Trial for Iraqi BankZwipe and areeba Initiate Biometric Card Trial for Iraqi Bank
  • Central Bank of Iraq Encourages Banks to Work With ZwipeCentral Bank of Iraq Encourages Banks to Work With Zwipe
  • Zwipe’s New Challenger Bank Biometric Card Partnership Opens Door to German MarketZwipe’s New Challenger Bank Biometric Card Partnership Opens Door to German Market
  • Zwipe Sees Biometric Card Momentum in Operational UpdateZwipe Sees Biometric Card Momentum in Operational Update
  • Visa Certifies Zwipe’s Biometric Payments OfferingVisa Certifies Zwipe’s Biometric Payments Offering
  • Zwipe Forms Biometric Card Partnership With Qatar Fintech HubZwipe Forms Biometric Card Partnership With Qatar Fintech Hub

Filed Under: News Tagged With: Areeba, Biometric, biometric payment card trials, biometric payment cards, biometrics, financial services biometrics, fingerprint recognition, Iraq, Middle East, Middle East market, Zwipe, Zwipe Pay

Primary Sidebar

Watch This Finance-Focused On-Demand Webinar

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Prove Logo

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with, and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. https://www.prove.com/

Recent Posts

  • Download The 2023 Biometric Digital Identity Prism Report
  • Prism Placement Request Form
  • AI Update: Deepfake Disinformation Makes Its Electoral Debut
  • ID R&D Outperforms in NIST’s Passive Presentation Attack Detection Evaluation
  • Passkeys and Passive PAD – Identity News Digest

Biometric Associations

IBIA and fido

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics