Verity Technologies Signs Kores as Channel Sales Partner

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Verity Technologies, a mobile applications company with focus on Authentication and Identity Management Services, announced a strategic alliance with Kores (India) Limited.

Verity Technologies, a mobile applications company with focus on Authentication and Identity Management Services, announced a strategic alliance with Kores (India) Limited. Kores has relationships with most Indian Banks. The alliance paves way for Kores to distribute Veritys highly acclaimed Blue ID, a new generation technology that secures financial transactions, manage access and provides biometric identity to masses on a pan India basis.

The Blue ID Portfolio (5 variants with varying levels of security) is set to unveil a new era in the telecom and financial transactions space. Card transaction verification, online banking, session control, biometric access, rural financial inclusion and identity management are the key areas that would be revolutionized through the adoption of this technology. Blue IDs cutting edge technology has the advantage of interoperability with legacy platforms, existing technologies and standards in the financial sector including Scosta, EMV and 8

353 among others. Blue ID solutions, which are fast, safe&easy to use, is controlled by users own mobile.

Commenting on the new technology, G S S Dutt, CEO, Business&Computer Systems Division, Kores (India) Limited, said The key to todays market is to give the customer what he needs and to keep it very simple. With Phone as an Authenticator, we believe the Blue ID 2 has massive potential in the immediate term as a mechanism to authenticate every transaction as stipulated by RBI that comes into force on August 1. The Portable Biometric Reader which is a part of Blue ID 5 has tremendous potential in India for financial inclusion mandates as well as Identity Tools for remote villages.

According to Goutam Chatterjee, Senior General Manager Banking & New Business Development, Kores (India) Limited, Authentication and Security are a tough sell to any financial institution or bank. The architecture of the technology which creates zero disruption in the custom