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THE RESERVE BANK OF MALAWI SELECTS SAGEM TO INSTALL FINGERPRINT RECOGNITION SYSTEM
06 October 2004 - Sagem Communication
| SAGEM has been selected by The Reserve Bank of Malawi to install a fingerprint recognition system that secures card and e-purse issuance throughout the country. |
SAGEM has been selected by The Reserve Bank of Malawi to install a fingerprint recognition system that secures card and e-purse issuance throughout the country. As the world leader in fingerprint recognition, SAGEM has broken new ground with the design of an Automated Fingerprint Identification System for banking applications. This new biometric solution secures banking titles and rights by verifying the applicant's identity (i.e he/she is who he/she claims to be) and uniqueness (i.e. the individual is not known under another name). The identity certification service enhances an installed computer system composed of an inter-banking clearing switch and a virtual private network, as well as national POS and cashpoints infrastructure. Some 400 000 biometric cards have already been issued in Malawi for uses such as clearing funds, salary payment and day-to-day expenses. The advantages of the system are numerous for a developing country with a newly developed banking network. They include: Reducing the excess of fiduciary money in circulation, as well as the cost and risk of transporting funds Boosting and securing electronic fund transfers and clearing Ensuring payment to the right person and preventing identity theft and subsequent fraud Developing banking services, encouraging individual saving, facilitating monthly expenditures, etc.
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About: Sagem Communication
Sagem Communication is organized in two Business Groups: Mobile Communication and Broadband Communication.Mobile Communication Sagem brand mobile phones enjoys a strong presence in world markets – Europe, Middle East, Africa, Asia and Latin America – thanks to continuous technological innovations, including build-in cameras, colour screens, multimedia messaging, WAP, GPRS, modules and modems, etc. The Mobile Communication Business Group operates a Research & Development center in Cergy, northwest of Paris, and a production plant at Fougères, in the Brittany region of France. Industrial and commercial partnerships with other telecom players have opened access to new international markets, including China and Brazil. China: a joint venture with Bird, the leading domestic manufacturer of mobile phones, called "Ningbo Bird Sagem Electronics Corporation Ltd". Brazil: a joint subsidiary with Gradiente, to handle the production and marketing of Sagem mobile phones. Broadband Communication The Broadband Communication Business Group designs, develops and produces a complete line of products for the high-growth broadband, video and printing markets. A proven capability for innovation led to technological breakthroughs that give Sagem products high-profile positions in these highly competitive markets: the first DLP flat-screen TVs in Europe, the first embedded image correction in terminals, DECT wireless phones with mobile phone functions (SMS, hi-fi ring tones, directory, etc.), TVs and set-top boxes with build-in card readers, etc. The Broadband Communication Business Group also deploys a Europe-wide network of subsidiaries, called National Sales Organization (NSO), that distributes Sagem brand products to all major European retailers. Sagem has signed a number of agreements with OEMs, meaning that Sagem products are used by the world’s leading brands and most European operators. |
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