1 July 2013

Ghana: 'Eye' Banking to Be Introduced in Ghana

International Computer System (ICS), International Business Machine (IBM) in collaboration with Sunnet Systems would soon introduce Iris recognition banking into the nation's banking industry.

Iris recognition banking as it is termed is a system of banking that identifies customer with their eye and permit a customer to walk into the bank they save with to withdraw money without the need to provide any identification card.

The said invention could also be used to cash money from Automated Teller Machines (ATMs) without using the card.

A senior manager at ICS in charge of Research and Development, Ghassan Sarsak, explained to journalists in Accra that: "Iris recognition banking is a system that identifies a customer immediately he /she walks into the bank, without the need for the customer to provide any identification card".

He added that the reason for the introduction of the Iris recognition banking was because a research carried out by his outfit on the state of security in the financial institutions of the land, has revealed that, security threat on banks was high.

Saying for instance, a different person other than the holder of an ATM card can get to use the card to withdraw money without the holder's knowledge, but was quick to add that, such was not possible with the Iris recognition banking which uses the eye.

Saying, "there is no way two persons can have one eye and as such no one other than the owner of an account can withdraw money from one's account", he noted.

Mr. Sarsak disclosed that some countries that had adopted the Iris recognition banking system precisely the Arab countries use it to identify high profile members of their society who bank.

Other services they offer to financial institutions, he noted they provide "a complete solution from start to finish without any outsourcing to avoid problem between them and their clients".

These services include hardware, communication, networking, consultancy, just to mention a few. Adding that, their services was not just limited to financial institutions but to several organization, such as Oil and Gas, Telecommunications, Multi-national companies, Manufacturing, and services industries.

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