NEC Showcases Biometrics and Blockchain Technologies for the Financial Sector at the Singapore FinTech Festival 2018

Nov 02, 2018 11:56 JST

Source: NEC Corporation

TOKYO, Nov 02, 2018 - (JCN Newswire) - NEC Corporation (TSE: 6701) and NEC Asia Pacific announced today their participation in the Singapore FinTech Festival 2018 from 12 to 16 November as a gold sponsor of the event in hall 3, booth no. 3E17.

In recent years, more and more banks and financial service providers have started adopting biometrics technologies to enhance their services and operations. The NEC booth will highlight how its biometrics-based applications can improve the customer experience, boost security for transactions, and enable a smart and secure e-KYC (Know-Your-Customer) process.

Also, NEC will share its latest blockchain technology development and use case examples for financial sectors.

Key exhibits this year include:

NeoFace Watch: Powered by NEC's facial recognition AI engine which has been recognized as the world's most accurate(1), this solution extracts faces in real time from CCTV footage and instantaneously matches them against a pre-registered facial database. The application includes VIP customer identification and enhanced video surveillance.

NEC BioTrust: Using machine learning and NEC's "Liveness Detection" technology, this solution enables a smarter and more secured way for Digital ID login to e-government or online web services, such as online banking, using facial recognition technologies.

FIDO Biometric Authentication: NEC's NC7000-3A-FS is a Fast IDentity Online (FIDO) UAF 1.0 certified platform for simple, secure and swift biometric authentication for mobile transactions.
Digital KYC solution: With Digital KYC, financial service providers can launch biometrics-based online verification services and eliminate the need for customers to visit bank branches for account opening.

During the event, experts from NEC will participate in a panel discussion and an "Open Mic" session to talk about the latest developments among FinTech related technologies.

Panel Discussion

On 14 November at 3.00 p.m.-3.50 p.m., Mr. Daichi Iwata, Head of the FinTech Business Development Office, NEC Corporation, will join the panel discussion themed "Big Tech to TechFin". Mr. Iwata, together with other industry leaders, will discuss how top technology companies around the world are enabling rapid transformation in the financial sector.

Open Mic

On 12 November at 3.00 p.m.-3.45 p.m., Mr. Iwata will lead the discussion on the blockchain technology development for business and its social impact. Also, Ms. Helen Chua, Senior Sales Director, NEC Asia Pacific will present how facial recognition with liveness detection capability can address the new challenges of a digital identity crisis.

(1) NEC's Video Face Recognition Technology Ranks First in NIST Testing
https://www.nec.com/en/press/201703/global_20170316_01.html

Contact:

NEC
Seiichiro Toda        
s-toda@cj.jp.nec.com
+81-3-3798-6511

Source: NEC Corporation
Sectors: CyberSecurity, Blockchain Technology

Latest Release

Mitsubishi Heavy Industries Increases Dividends on Back of Historically High FY2023 Results, Releases FY2024 Guidance
May 08, 2024 14:27 JST

Rome becomes the first European city to offer open loop transit payments to JCB Cardmembers
May 08, 2024 12:00 JST

NEC X Invests in Public Safety Startup Multitude Insights, Scaling AI-Powered Collaboration and Information Sharing for Law Enforcement
May 08, 2024 10:24 JST

ServiceNow and Fujitsu announce strategic commitment to launch innovative cross-industry solutions
May 08, 2024 08:52 JST

Fujitsu launches mainframe modernization automation service for the Japanese market
May 07, 2024 17:53 JST

MHI Agrees to Collaborate with Chiyoda Corporation for Licensing of CO2 Capture Technologies
May 07, 2024 13:49 JST

Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST

Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST

Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST

Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST

New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST

SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST

MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST

POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST

Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST

JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

More Latest Release >>

Latest Release

Related Release