The Commercial Bank of Qatar has introduced NCR’s finger vein authentication technology for authenticating ATM transactions.

To verify the identity of customers, the technology maps the unique internal vein system within the finger of the individual.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Unlike fingerprint scans, this technology requires a living person to be present in person for each transaction, thereby lowering chances of fraud.

The bank, which is the first in the country to use this technology, said that the unique identification method will help boost security of ATMs and customer data as well as accelerate the authentication process.

Commercial Bank COO Samir Sheikh said: “Finger vein technology is the first-to-market innovation that will give customers easy, secure access to our ATM machines and will set a new authentication technology standard to protect our customers’ accounts.”

At the same time, the technology vendor has also inked an agreement with Commercial Bank to support the transformation of its banking channel with innovative software and omni-channel technologies over the next few years.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

NCR Qatar country general manager Hicham Yamout said: “NCR is working closely with Commercial Bank in their transformational journey of being a truly world class bank offering the latest in omni-channel technology and innovations to improve efficiency, increase revenue and lower cost of operations.

“The introduction of the first ever finger vein biometric authentication technology reinforces the bank’s commitment to offer safe banking environment and enable faster transactions.”