Contract Management Becomes Newest Area of Business to Embrace the Power of Biometrics
16 May 2023 - 11:00PM
A contract management system helps organizations manage and
streamline the entire contract process from beginning to end -
efficiently creating, storing, tracking and analyzing contracts
with suppliers, vendors, customers and partners. These systems can
substantially reduce the manual paperwork process as well as the
risk of errors, non-compliance and disputes. But as a foundation
for maintaining the highest levels of document integrity, these
systems must deliver foolproof identity verification for all
stakeholders involved in contract signings - without slowing down
or inconveniencing users.
“Because security infringements can result in extreme
consequences, contract management systems should provide all the
technologies needed to safeguard contracts from unauthorized loss,
access or theft by outside or inside forces,” says Craig Herman,
Aware’s chief revenue officer. “Malicious activities like corporate
spying become all too simple when these systems rely on outdated
authentication methods like passwords, which can be easily lost or
stolen.”
“The solution is biometric authentication, which delivers the
utmost in reliable and secure identity verification while
maintaining fast, reliable user experiences. Contract management is
a very compelling new frontier in which to apply this technology,”
continues Herman.
To this end, Aware, Inc. (NASDAQ: AWRE) will be exhibiting at
Seamless Middle East, May 23-24, 2023 at the Dubai World Trade
Center in Dubai, UAE, along with their partner, Middle East-based
contract management platform Uqoud, in booth #G74. There, Aware and
Uqoud will showcase Uqoud’s complete contract management solution
powered by Knomi®, Aware’s industry-leading mobile biometric
authentication framework. As a part of Uqoud’s contract management
platform, Knomi enables Uqoud to onboard new users remotely using
facial biometrics and identity verification, and continuously
authenticate users through facial biometrics.
To learn more about Aware’s solutions, book an onsite meeting or
stop by booth G74. To learn more without attending Seamless Middle
East, book a virtual meeting.
About Aware Aware is a global authentication
company that validates and secures identities using leading-edge
adaptive biometrics. Aware’s offerings address the growing
challenges that government and commercial enterprises face in
knowing, authenticating and securing individuals through
frictionless and highly secure user experiences. Now celebrating
the company’s 30th anniversary as a leader in biometrics, Aware’s
algorithms are based on diverse data sets from all over the world
and can be tailored to the unique security needs of its customers.
The company empowers users to have control over identities through
clear, easy opt-in and opt-out features, helping them feel secure
and improving their lives. Aware is a publicly held company
(NASDAQ: AWRE) based in Burlington, Massachusetts. To learn more,
visit https://www.aware.com or follow Aware on
Twitter @AwareBiometrics. 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) a significant
commercial market for biometrics technology may not develop, and if
it does, we may not be successful in that market; ii) we derive a
significant portion of our revenue from third party channel
partners; iii) the biometrics market may not experience significant
growth or our products may not achieve broad acceptance. 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, 2022 and other reports and filings made with the
Securities and Exchange Commission.
About UqoudUqoud handles all contract and
document matters to allow you to run your business smoothly. Send,
negotiate and sign contracts with eKYC identity verification within
all-in-one localized, customized and bilingual paperless contract
management solutions. Uqoud manages it all digitally, legally and
securely. To learn more, visit https://uqoud.com/
CONTACT
Company Contact
Gina Rodrigues
Aware, Inc.
781-687-0300
grodrigues@aware.com
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