NEXT Biometrics, a world leader in advanced, high-security fingerprint sensor technology, has supported its second customer implementation to achieve Nigeria Inter-Bank Settlement System (NIBSS) certification. NEXT’s engineers have collaborated with a new smart point of sale (POS) manufacturer customer to integrate its Basalt FAP 20 sensor solution for a top Nigerian bank. The devices will be used as part of the Bank Verification Number (BVN) project, which allows financial institutions to verify customer identities and secure transactions using their biometrics, helping to prevent fraud and meet Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
“The NIBSS certification process is extremely rigorous, requiring our FAP 20 solution to meet a range of criteria, including extensive fake fingerprint detection with high accuracy,” comments Joshua Chiu, Senior Vice President, Head of Sales South-East Asia at NEXT Biometrics. “Achieving this twice, with different stakeholders, shows the value of our solution to support financial inclusion and secure payments in Nigeria and around the world. Our engineers work closely with partners to shorten the development and deployment lifecycle to minimize time to market. The expected annual revenue for this product line is 1.4 MNOK.”
NEXT has received the initial mass production order, with a modest order value, which is scheduled for delivery in Q4.
The Active Thermal® technology embedded within NEXT’s FAP 20 ‘Basalt’ fingerprint sensor uses heat from the finger and 3D imaging to authenticate the user. This enables superior liveness detection to combat spoofing attacks, when compared with other fingerprint authentication technologies.
Over the last 25 years, NEXT Biometrics has shipped more than 10 million sensors. Its Active Thermal technologies are certified by entities including Aadhaar, FBI-PIV, MOSIP Compliance and NIBSS, and have been implemented in countries including Bangladesh, China, Ghana, India, Malaysia, Pakistan, U.S. and Vietnam.
For more information about NEXT Biometrics’ FAP 20 solutions, visit our website and contact [email protected].
