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Marius Coetzee SA ahead on biometric uptake

By Tracy Burrows
Johannesburg, 1 Jun 2012

South Africa is ahead of many countries in terms of biometric technology uptake. This emerged at an executive briefing held for financial industry representatives in Rosebank this morning.

The briefing, hosted by biometric identity control specialists Ideco and Stanley Security, in partnership with ITWeb, outlined the risks of identity fraud in financial services, and the inadequacy of existing identification methods.

Ideco MD Marius Coetzee said SA was adopting biometric technology in many industry verticals, with Ideco technology being used to verify the identities of over 2.5 million employees around the country.

He noted that cards, pins and passwords were not failproof, with local organisations having lost an estimated R150 billion due to identity-based fraud last year alone.

In contrast, biometric fingerprint technology has been found to be the most effective and mature identity verification tool available, he said.

In addition to significantly reducing the risk of identity fraud, biometric identity management also allows for better staff control, tracking of transactions and logistics, and resource deployment, he said. The improvements in terms of control and management are measurable and impact significantly on a company's bottom line, he pointed out.



 

 
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As SA’s largest supplier of fingerprint technology, Ideco is the country’s leader in Identity Control. Our comprehensive knowledge of biometric applications covers transaction authorisation, workforce management and all aspects of access control. Our unrivalled expertise enables organisations to create bottom-line benefits through use of the world’s leading biometrics from Morpho.

Stanley Security Solutions South Africa is a wholly owned subsidiary of EOH and is responsible for sales, installation and support of products on the African continent. Stanley Security Solutions supplies and installs security, access control, communications and time management solutions, CCTV, building management, fire detection and offer a range of rental solutions.

Smart IDs alone cannot tackle fraud
By Tracy Burrows, Johannesburg, 23 May 2012
Marius Coetzee, MD of biometric identity control specialist Ideco, says smart identity cards will improve identification processes through the use of biometrics, but they cannot solve the identity fraud problem on their own.

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