Aware, Inc., (NASDAQ: AWRE), a leading global provider of
biometrics software products, solutions and services, announces
that a leading bank in Turkey, Garanti BBVA, has chosen its Knomi™
mobile biometric authentication framework to bring secure, remote
customer onboarding and document verification capabilities to its
mobile app. This partnership is expected to enable Garanti BBVA to
reach new customer markets by reducing the need for customers to
visit a branch in person to open new accounts.
As the pre-eminent banking franchise in Turkey, Garanti BBVA
wanted to be able to reach new customers, cut down on operational
costs, and take a leadership position in providing hassle-free
banking services to its more than 15 million customers. After an
exhaustive search for companies offering secure, remote onboarding
technologies, Aware was selected for its longstanding leadership
position in the biometrics space and its expertise with digital
onboarding solutions. Local partner DVA Bilgi Teknolojileri A.S.,
who had been working with Aware for years on its digital onboarding
offerings, helped to assist with the partnership with Garanti BBVA
and ensure a successful implementation.
Aware’s Knomi mobile biometric authentication framework provides
Garanti BBVA with the secure, convenient mobile onboarding solution
they need to securely enable new bank account openings without
requiring customers to visit a brick-and-mortar bank location. With
options for both face and voice matching over virtually any mobile
device, advanced liveness detection to detect fraudulent activity,
highly accurate selfie to document image comparison, and document
verification capabilities for over 6,000 government issue ID
documents, Knomi is the all-in-one solution Garanti BBVA chose to
onboard new customers securely and conveniently, from virtually any
location.
“We are very happy to have selected Aware for this particular
project,” stated Burçin Bıkmaz, director of Retail Digital
Solutions at Garanti BBVA. “Knomi is an ideal solution to
incorporate into our mobile application, providing our customers
with a simple and secure method to open new accounts and verify
their identities from the convenience of their own homes. We had a
tight timeframe and a number of local regulations to overcome with
this partnership, and we are happy to have successfully addressed
them with help from Aware and DVA.”
“Aware’s Knomi is the perfect solution for Garanti BBVA’s
needs,” said Rob Mungovan, chief commercial officer at Aware. “With
Knomi’s mobile biometric capabilities, Garanti BBVA can expand into
new customer markets and facilitate a secure, convenient onboarding
experience for new clients. We are thrilled that Garanti BBVA has
chosen Aware and look forward to a long-lasting relationship
between our companies.”
“We have been working on the digital onboarding concept together
with Aware since 2016,” commented Gokhan Gozutok, managing partner
of DVA. “Aware made a huge customization in the workflows to comply
with expected Turkish regulation. Our colleagues at Garanti were
very professional and demanding. I am impressed with their level of
knowledge at every step. I am happy to see that the concept we
built with Aware and Garanti BBVA became a standard in May
2021.”
To learn more about Aware’s industry-leading biometric
identification and authentication offerings including Knomi, visit
Aware’s website.
About AwareAware (Nasdaq: AWRE) is a biometric
leader trusted around the world to provide biometric software
solutions and services that enable customers to grow with
frictionless mobile biometric identity management. From enrollment
to identification, authentication and lifecycle management, Aware
is empowering customers to embrace biometrics and end users to own
their identities in a more mobile, remote, operational and
touchless world. Its market-leading liveness detection and
multi-modal biometric fusion improve security through fingerprint,
face, iris and voice matching algorithms, mobile biometric capture
and authentication software, biometric workflows and middleware,
and a full scale ABIS. Aware serves customers across a multitude of
industries, including financial services, enterprise security,
healthcare, human resources, citizen ID, border management, law
enforcement, defense and intelligence. To learn more, visit
https://www.aware.com or follow Aware on Twitter
@AwareBiometrics.
About DVA Bilgi Teknolojileri DVA Bilisim is
the local partner of Aware in Turkey. DVA offers local support and
maintenance to the largest banks in Turkey and Azerbaijan.
With around 20 professionals, DVA offers consultancy, project
management and implementation of fraud monitoring and digital
on-boarding solutions. DVA is also providing anti money laundering,
face biometry and behavioural biometrics solutions to the banks. To
learn more, visit www.dva.com.tr.
About Garanti BBVA
Established in 1946, Garanti Bank is Turkey’s second largest
private bank with consolidated assets of close to TL 631 billion
(USD 71.3 billion) as of September 30, 2021.
Garanti BBVA is an integrated financial services group operating
in every segment of the banking sector including corporate,
commercial, SME, payment systems, retail, private and investment
banking together with its subsidiaries in pension and life
insurance, leasing, factoring, brokerage and asset management,
besides international subsidiaries in the Netherlands and Romania.
To learn more, visit: www.garantibbva.com.tr.
Safe Harbor WarningPortions of this release
contain forward-looking statements regarding future events and are
subject to risks and uncertainties, such as our expectations
regarding our new product. Aware wishes to caution you that there
are factors that could cause actual results to differ materially
from the results indicated by such statements, including the risks
that (i) current and prospective customers do not purchase our new
product in the quantities that we expect and (ii) our new product
does not perform as well as we expect because of errors, defects or
bugs. We refer you to the documents Aware files from time to time
with the Securities and Exchange Commission, specifically the
section titled Risk Factors in our annual report on Form 10-K for
the fiscal year ended December 31, 2020 and other reports and
filings made with the Securities and Exchange Commission.
Aware is a registered trademark of Aware,
Inc.
CONTACT
Company Contact
Gina Rodrigues
Aware, Inc.
781-276-4000
grodrigues@aware.com
Aware (NASDAQ:AWRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aware (NASDAQ:AWRE)
Historical Stock Chart
From Apr 2023 to Apr 2024