This archive report was first published on 25 May 2020.
On May 25, 2020, CompuLynx, a Nairobi-based security software developer, made a significant move into the contactless biometric payment solutions market.
According to CompuLynx CEO Sailesh Savani, the Covid-19 pandemic necessitated the development of secure contactless payment solutions to discourage the use of currency notes, which are thought to be a vector for transmitting the coronavirus.
"In a pandemic world, customers are turning to their trusted institutions to seek safe, secure and convenient contactless biometrics digital identity solutions — from options of digital account opening to card issuance and contactless payments," Savani said.
CompuLynx, which has a presence in 37 countries and serves 400 businesses, urged lenders, corporates, and other businesses that use log-in access portals to transition to contactless technology to reduce the risk of Covid-19 infections.
The firm also emphasized the benefits of adopting local solutions, including reduced costs of maintenance, as local technicians are available round the clock to visit a client or via virtual interactions to tackle arising challenges.
Among the products being piloted by CompuLynx is a virtual branch platform where clients can open new bank accounts from the comfort of their homes using smartphones to access bank portals.
The firm has also incorporated facial and voice technologies as well as identity experts to determine if an identity document is authentic and belongs to the applicant.
