Fujitsu partners with fintech firms to launch Smart Origination

Posted 15th November 2016 by in  

Fujitsu partners with fintech firms to launch new customer onboarding solution for financial institutions

Global partnerships with ImageWare Systems, InAuth,
Intelligent Environments, Mitek & Trunomi

London, UK – November 15, 2016 – Fujitsu (6702:TYO) today announces the launch of Smart Origination, customer onboarding technology developed in unique partnership with ImageWare Systems (WSY:QBB), InAuth, Intelligent Environments, Mitek (MITK:NAQ) and Trunomi.

The joint proposition enables financial institutions to collect, process and verify documents and the identity of new applicants in less than five minutes. It operates across multiple channels to give a seamless customer experience, ultimately increasing conversion and reducing the cost of acquisition of new customers.

Smart Origination reduces identity fraud by up to 99 percent and decreases application abandonment by 40 percent, enabling financial institutions to reduce the financial expense associated with fraudulent customers and more easily attract new customers.

The global collaboration between Fujitsu, ImageWare Systems, InAuth, Intelligent Environments, Mitek Systems and Trunomi builds on existing relationships between the technology providers.

Smart Origination specifically combines each firm’s specialist technology:

  • Fujitsu: K5 next generation cloud platform and trusted SI partner
  • ImageWare: Multi-modal biometrics technology covering voice, facial and iris recognition, and Fujitsu PalmSecure
  • InAuth: Advanced mobile and browser device identification, authentication, risk detection, analysis and risk scoring
  • Intelligent Environments: Powerful digital platform that accommodates any form factor including IoT
  • Mitek: Global electronic ID Verification
  • Trunomi: Customer consent management and data permissions in compliance with EU General Data Protection Regulation.

In the first collaboration of its kind, Smart Origination enables financial institutions to consolidate their digital channels approach and take advantage of a more streamlined and secured origination process, all in strict compliance with the incoming EU General Data Protection Regulation.

Gary Fegan, Head of Digital Financial Services Solutions at Fujitsu, said: “The aim was to take a best of breed approach for digital origination and account servicing but also deliver this as a truly integrated and business aligned solution. I believe Smart Origination allows financial institutions to leapfrog 5 years of internal development and concentrate on real customer-focused innovation whilst meeting their regulatory requirements”

David Webber, managing director at Intelligent Environments, said: “We live in a truly digital age, yet consumers are still becoming bogged down in old fashioned paperwork when applying for a new bank account or insurance policy. The identity verification stage of these applications alone can often take over an hour, which simply isn’t acceptable for today’s busy consumer.

“Smart Origination, created as a result of an exciting partnership with a selection of leading fintech innovators, means that financial services firms are now able to offer their customers a seamless and streamlined ID verification and application process at the click of a button.”

– ENDS –

About Fujitsu

Fujitsu is a global information and communication technology (ICT) company, offering a full range of technology products, solutions and services. We use our experience and the power of ICT to shape the future of society with our customers. 159,000 Fujitsu people support customers in more than 100 countries. www.fujitsu.com

About ImageWare Systems

ImageWare Systems, Inc. is a leading developer of mobile and cloud-based identity management solutions, providing biometric authentication solutions for the enterprise. The company delivers next-generation biometrics as an interactive and scalable cloud-based solution. ImageWare brings together cloud and mobile technology to offer multi-factor authentication for smartphone users, mobile clients, and desktop devices.

ImageWare’s products support multi-modal biometric authentication including, but not limited to, face, voice, fingerprint, eye, DNA, and more. All can be combined alongside other authentication and access control facilities, including tokens, digital certificates, passwords, and PINS, to provide the ultimate level of assurance and accountability for corporate networks, web applications, mobile devices, and PC desktop environments. ImageWare is headquartered in San Diego, Calif., with offices in Portland, OR, Ottawa, Ontario, and Mexico. To learn more about ImageWare, visit http://iwsinc.com follow us on Twitter, LinkedIn, YouTube and Facebook

About InAuth

InAuth is the leading digital device intelligence company for a mobile-first world. InAuth delivers the most advanced device identification, risk detection, and analysis capabilities possible to help organizations limit risk, remove friction, and reduce fraud within their digital channels. With safer digital transactions, banks, payment networks, merchants, healthcare providers, governments, and other organizations are better positioned to capture new revenue opportunities and compete more effectively in an “always-on” world. For more information, visit www.InAuth.com.

About Intelligent Environments

Intelligent Environments is an international provider of innovative mobile and online solutions for financial services providers. Our mission is to enable our clients to always stay close to their own customers.

We do this through Interact®, our single software platform, which enables secure customer acquisition, engagement, transactions and servicing across any mobile and online channel and device. Today these are predominantly focused on smartphones, PCs and tablets. However Interact® will support other devices, if and when they become mainstream.

We provide a more viable option to internally developed technology, enabling our clients with a fast route to market whilst providing the expertise to manage the complexity of multiple channels, devices and operating systems. Interact® is a continuously evolving technology that ensures our clients keep pace with the fast moving digital landscape.

We are immensely proud of our achievements, in relation to our innovation, our thought leadership, our industrywide recognition, our demonstrable product differentiation, the diversity of our client base, and the calibre of our partners. For many years we have been the digital heart of a diverse range of financial services providers including Atom Bank, Generali Wealth Management, HRG, Ikano Retail Finance, Lloyds Banking Group, MotoNovo, Think Money Group and Toyota Financial Services.

For more information visit www.intelligentenvironments.com

About Mitek

Mitek (MITK) is a global leader in mobile capture and identity verification software solutions. Mitek’s ID document verification allows an enterprise to verify a user’s identity during a mobile transaction, enabling financial institutions, payments companies and other businesses operating in highly regulated markets to transact business safely while increasing revenue from the mobile channel. Mitek also reduces the friction in the mobile user experience with advanced data prefill. These innovative mobile solutions are embedded into the apps of more than 5,400 organizations and used by tens of millions of consumers daily for mobile check deposit, new account opening, insurance quoting and more. Learn more at www.miteksystems.com. www.mitek.com

About Trunomi

Trunomi securely connects financial institutions to their customers with a consent based data sharing platform. Trunomi’s mobile and web technology cuts costs, removes friction and delivers amazing customer experiences. It’s consent-based platform revolutionises the way financial institutions interact with customer data, in full compliance with data privacy regulations. www.trunomi.com