TME Teams with Hitachi to Transform Financial Organizations

To deliver unique digital signing solution to the banking sector in the Middle East

STME has signed an agreement with Hitachi Europe to deliver a unique digital signing solution to the banking sector using Hitachi’s biometric finger vein authentication technology.

Hitachi’s VeinID is recognised as one of the most secure biometrics in the market. Unlike finger prints, vein patterns are extremely difficult to spoof or replicate. Through the STME-Hitachi Europe Partnership, regional banks are guaranteed that large transactions with their corporate customers can be carried out seamlessly and securely, utilising Hitachi’s VeinID for single sign-on procedures.

Mr. Ayman Al Bayaa, CEO of STME, said the partnership will help organisations in the financial services industry (FSI) to find a more cost-effective approach to integrating legacy systems into their software architecture. In addition, the technology offered will promote innovation and safeguard leading regional banks’ network security system. Under the agreement, STME will be the main provider of the technology – covering pre-sales, deployment and operation – and will serve as the first line of support to FSI customers, while Hitachi will offer a second level of support.

Mr. Ravi Ahluwalia of Hitachi Europe Ltd. said: “This unique biometric security solution enables large corporate financial customers to execute transactions of all sizes, securely and safely. This technology has already been adopted by several banks globally, in particular Barclays Bank Plc. in the UK and we are very proud to be at the forefront of such pioneering technology.”

“We are expecting the solution to be deployed by around three major banks in the region by the end of this year,” he concluded.