In a bid to better secure their new headquarter office building, Pictet & Cie Bank of Geneva, Switzerland has chosen to install Oki Electric Industry Co. Ltd. iris recognition cameras, IRISPASS-M.
With the cameras in place, the bank will have guaranteed secure access to their high protection rooms as well as eliminate the need for tokens or passwords that can be easily lost or stolen.
Iris recognition biometrics provide recognition of a person by analyzing the pattern of their iris based on a high-resolution image of it.
The system was developed by Interflex SA, Ingersoll Rand Security Technologies and in collaboration with biometric systems AG and other companies.
"It was my great pleasure to provide Pictet with our IRISPASS-M, offering three major essentials, accuracy, speed and easy to use features," commented Yoicjo Kawashima, President of Systems Hardware Company at Oki Electric Industry in a statement.
To secure the bank, the system utilizes the cameras, which are connected to a central authentication server, to provide access to each room. The cameras are able to recognize and authenticate individuals who are simply standing in front of the camera within 2 seconds and according to a news release has an error rate of "1 in1.2 million."
Iris recognition is a quick way to authenticate individuals and does not require any contact. Also, because iris patterns are complex and random, authentication is even more secure.
Oki also made headlines recently when they announced
the development of iris recognition technology for mobile terminals.
With the technology, manufacturers will be able to include iris recognition on mobile phones and PDAs for a more secure experience. This will also help to push new services like mobile payments and better management of enterprise information for the growing mobile enterprise.