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Zenus Bank implements Fortress Identity Compound Biometrics

12-10-2019 09:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Zenus Bank

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With the latest in technology and an international banking license, Zenus offers remote account opening for Deposits, Payments and Custody for individuals and companies worldwide for a truly borderless banking experience.

Zenus aims to give those living in emerging economies an alternative to using local banks by offering a new, transparent, digital banking experience on par with leading banks of the world.
Zenus claims that, “Within 15 minutes, a potential client can establish a U.S. bank account and receive a digital debit card enabled for mobile wallets & SWIFT wire transfers.”

Zenus chose Fortress Identity Onboarding Authentication platform to complement their state-of-the-art access control, transaction approval, fraud detection and compliance services. Fortress Identity streamlines the onboarding process using facial and voice recognition combined with artificial intelligence. They provide a high level of KYC/AML (know your customer) security, compliance and totally digital onboarding -- key attributes for an innovative bank.

The Fortress Identity Authentication platform can validate thousands of identification documents from hundreds of countries in just a few seconds and compare the customer’s ID to their “selfie” providing a high level of security for the bank as well as the customer. “We wanted to work with a vendor that provides a full cycle integration of customer biometric validation and frictionless connectivity with the multiple vendors we need to consult for financial irregularities and fraud prevention.” says Mushegh Tovmasyan, Chairman of Zenus Bank.

Alessandro Chiarini, CEO of Fortress Identity, says, “Selection by Zenus confirms our vision of a unified identification platform that uses compound biometrics for onboarding, authentication and compliance and is an excellent strategy for banks that are innovating. Our platform eliminates the need for passwords and other weak links in the security chain, and smooths the overall customer experience. And reduces risk in the process.”

“By working with Fortress Identity for both beginning the digital identity journey and downstream compound biometric authentication, we are delivering an elegant and accessible customer experience, while making sure to comply with all rules and regulations,” affirms Mushegh Tovmasyan.

About Fortress Identity. Headquartered in Miami, Fortress Identity’s mission is to create deeper trust between companies, their employees, and their customers through the power of easily implemented compound biometric user authentication solutions. https://fortress-identity.com and @Fortress_ID on Twitter; @fortr3ss.com on LinkedIn.

Zenus Bank
City Towers, 19th Floor,
252 Ponce de Leon, San Juan, PR, 00918, USA

Stephanie Cabret
hello@zenus.com
+1 787 419 0004

Zenus is an independent, American digital bank, using award winning technologies to provide customers globally easy, intuitive, secure and competitive ways to get more from their money. Zenus™ is a trademark of Zenus Bank International, Inc. in the United States and elsewhere internationally. Zenus Bank will not open any account or process any transactions from countries which have been sanctioned by the United States Department of the Treasury, Office of Foreign Assets Control 'OFAC'. Zenus welcomes interested customers to sign up to their waitlist to secure a spot on the queue and participate in promotional campaigns.
Find Zenus at http://www.zenus.com and @ZenusBank via social channels. #membersonlybank

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