Kores India has partnered with Verity Technologies, a mobile applications company, to distribute Blue ID, a new generation technology. The Blue ID secures financial transactions, manages access, and provides biometric identity to masses on a pan-India basis. Card transaction verification, online banking, session control, biometric access, rural financial inclusion and identity management are the key areas that would be addressed through the adoption of this technology.
Commenting on the new technology, GSS Dutt, CEO (Business & Computer Systems Division), Kores India, said, "With phone as an authenticator, we believe the Blue ID 2 has massive potential in the immediate term as a mechanism to authenticate every transaction as stipulated by RBI that comes into force on August 1. The Portable Biometric Reader, which is a part of Blue ID 5, has tremendous potential in India for financial inclusion mandates as well as identity tools for remote villages."
According to Goutam Chatterjee, Senior General Manager (Banking & New Business Development), Kores India, "Authentication and security are tough sell to any financial institution or bank. The architecture of the technology which creates zero disruption in the customer's IT infrastructure is what makes the Blue ID unique. With our credibility in the banking sector, our strong network of branches all over India and a strong product like Blue ID, we look forward to crafting a success story".
Highlighting customer value of the technology, Anuradha Bansal, Managing Director, Verity Technologies, said, "At the lowest level of security Blue ID allows a person secure his access to an online session via username on the web coupled with a PINCODE on a mobile device. With the risk of online fraud, phishing and identity theft removed, online banking or e-commerce is made safe, easy and a mass market phenomenon. At the highest level of security Blue ID allows the person to gain Biometric Access, presence based password and total session control."
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