According to an official release, Manipal Business Solutions (MBS), a fintech company in the country launched four key innovations at the Global Fintech Fest 2023, Mumbai. The innovation includes Agent Geofencing, Voice Confirmation of Micro-ATM Transactions, and Random Finger Usage for Biometric Authentication-based Transactions (AEPS).
Additionally, the platform is also believed to include Anti-Money Laundering (AML) and Fraud Risk Management (FRM) solutions to detect and prevent fraud.
The new product features are expected to include Financial Inclusion Agent Geofencing, Voice Confirmation of Micro-ATM Transactions, Random Finger Usage For Biometric Authentication-based Transactions (AEPS) and AML and FRM Integration, among others.
“We are continuously working to enhance the technologies deployed for Financial Inclusion. For this, we have added 4 innovations that can empower business correspondents to execute safe and secure transactions. With this new initiative we aim to provide a secured financial inclusion ecosystem where security is paramount,” Kamaljeet Rastogi, CEO, Manipal Business Solutions, concluded.
