Smartcard for microbanking promises to simplify access to funds and facilitate trade amongst under-banked in IndiaAmsterdam - Mumbai, June 25, 2007 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced the successful introduction of smartcard technology with biometric authentication for Financial Information Network & Operations Ltd. (FINO) in India. The Gemalto solution conveniently and securely stores transaction records inside the smart card to enable microbanking and simplifies access to financial services for the under-banked population in rural India.
Gemalto (Euronext NL 0000400653 GTO) is a leader in digital security with pro forma 2006 annual revenues of €1.7 billion, operations in about 100 countries and over 10,000 employees including 1,500 R&D engineers.
In a world where the digital revolution is increasingly transforming our lives, Gemalto’s solutions are designed to make personal digital interactions more convenient, secure and enjoyable.
Gemalto provides end-to-end digital security solutions, from the development of software applications through design and production of secure personal devices such as smart cards, SIMs, e-passports, and tokens to the management of deployment services for its customers.
More than a billion people worldwide use the company's products and services for telecommunications, financial services, e-government, identity management, multimedia content, digital rights management, IT security, mass transit and many other applications.
As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.
Gemalto was formed in June 2006 by the combination of Axalto and Gemplus.
For more information please visit www.gemalto.com
About Financial Information Network & Operations Ltd. (FINO)Financial Information Network & Operations (FINO), a multi bank promoted company is a pioneering company providing cutting edge smart card based multi application solutions to “unbanked” in Banking,Microfinance,Insurance and Government sectors primarily located in rural & semi urban areas of India. FINO ethos is becoming a sectoral venture for serving the rural masses.FINO executes end to end turnkey solutions for LFI’s including hardware/software, system integration, transaction network, operations, maintenance & training. FINO helps organizations improve efficiencies considerably reducing overall project cost. In fact, FINO’s concept is to take banking and the banking technology to un-banked masses in the country. www.fino.co.in
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