It is a major Indian nationalized bank based in Tamil Nadu, India, with about 3,214 domestic branches, about 4 foreign branches and representative office.
OBJECTIVES OF THE BANK
THE EXISTING SYSTEM USED BY THE BANK
THE BANK’S REQUIREMENT
HOW PRECISION HELPED SOLVE THE ISSUE?
Precision Biometric proposed InnaIT 2FA to be integrated with the Financial Application & provide the required Biometric based two factor authentications, where the financial application uses single User ID for multiple InnaIT ID’s
InnaIT Framework has introduced 2FA Application which is platform agnostic, and it can be integrated with any of the customer applications. Precision has integrated Bank’s Financial Application with 2FA. Bank has limited number of licenses of Financial Application where they need to assign this user ID to many branch employees. To mitigate this issue and save licensing costs, Precision has introduced the unique solution where multiple InnaIT users will be assigned to one single Application User. InnaIT will maintain the separate logs of every InnaIT users, where every user will be logged in using Biometric.
In the Financial Application, Banks wanted to use common user id Login to save the user licence cost, whereas at the same time InnaIT can distinguish these different users using InnaIT Logs.
HOW DID IT BENEFIT THE ESTABLISHMENT?
This integration by Precision helped the bank enhance the security with Biometric Authentication which preserves the confidentiality of sensitive data. It can also capture User Access Logs for Audit & Compliance.