West African Micro-Credit Bank chooses M2SYS fingerprint biometrics banking technology to increase security, build customer trust
Deployment manifested through partnership with HPC Informatique, a technology solutions expert in Benin
Atlanta, GA (April 22, 2012) – ASMAB, the largest micro-credit bank in Benin, West Africa is now using M2SYS’ Hybrid Biometric Platform™ technology with fingerprint biometrics for customer identification to prevent loan fraud and sustain customer trust in the banking system. The deployment of the customer identification biometric fingerprint banking technology was facilitated through a partnership between M2SYS and HPC Informatique, a Benin solutions provider who offers a diverse portfolio of products, services, and high tech products at affordable prices.
Headquartered in the capital city of Cotonou, ASMAB is modeled after the micro-credit Grameen Bank in Bangladesh, pioneered by Nobel Laureate Professor Muhammad Yunus to lend money to the poor facilitating socio-economic development, encouraging savings, and fighting loan shark corruption. Seeking a banking technology to help prevent fraudulent loans and identity falsification from customers who were intentionally exploiting the loan process, ASMAB turned to HPC Informatique to help identify a solution that would help tighten security and maintain customer confidence in the bank. They chose to deploy Hybrid Biometric Platform™ identification technology with fingerprint biometrics from M2SYS to secure their banking system and maintain the integrity and faith that their customers are not exploiting the loan process by assuming the identity of another individual.
“The opportunity to partner with HPC and help spread the benefits of biometric identification to vertical markets like banking that need to tighten security and prevent fraud is an important part of our mission,” said Mizan Rahman, Founder and CEO of M2SYS Technology. “HPC’s knowledge and expertise of the West African market presents them as a key strategic partner for us to continue our global expansion of fingerprint biometrics and other modalities for identification.”
“It pleases us to be in a position where we can offer practical, affordable biometric identification solutions to our customers throughout the West African region through our partnership with M2SYS,” said Bassam Hage Founder of HPC. “We identified ASMAB as an ideal candidate for fingerprint biometrics banking technology to curb fraud and tighten security for their micro-credit banking business. By capturing the biometric identification profile of their customers with M2SYS Hybrid Biometric Platform™ technology, ASMAB is well positioned to prevent corruption and build client trust in the system.”
About M2SYS Technology
Public Relations and Marketing Manager
HPC Informatique was founded in 2001, starting off with the sale of computer equipment in Benin. It quickly expanded its skills in the sub-region of West Africa by offering more diverse services in an effort to meet growing demand. The solutions proposed by the company span: IT infrastructure, personal computing and access devices, and imaging services and printing. Its strategy aims to deliver a portfolio of products, services, and high technology solutions at an affordable price while providing the best user experience possible.
Mr. HISHAM HAJJ
Sales & Marketing Manager
072 B.P : 327 Cotonou
Jéricho, Av. De la République
Tél : (229) 21 32 11 27 / 21 32 73 16
Cel : (229) 97489284 / (229) 95207400
Fax : (229) 21 32 04 78
Contact Mr. Daniel FANGBEDJI (CEO)