NEC XON unveils KYC solution for mobile network operators and financial services

October 7, 2019 • Finance, Mobile and Telecoms, Southern Africa

Systems integration company, NEC XON announced on Monday, 7 October 2019, that it has created a Know-Your-Customer (KYC) solution that aims to help mobile network operators and financial services businesses comply with legislation while cutting the costs, time, and resources usually associated with issuing SIM and bank cards.

“The solution can be customised to accommodate relevant legislation and also helps update, maintain and serve the needs of identity systems such as national identification, immigration, social services and others,” says Grahame Saunders, business head of Biometrics at NEC XON.

“The physical device that can then be used for SIM and issuing bank cards is a self-service kiosk the size of an ATM and integrates with the business systems these organisations use.”

Saunders says the system quickly moves through customers by collecting personal details together biometrics while also creating an updated central repository of subscriber information. It then issues the SIM or bank card automatically, like a vending machine, and transmits the necessary data to back-end systems to activate the SIM or bank card.

NEC XON’s mobile KYC solution built on Wavetec hardware helps mobile network operators and financial services firms sell value-adding services.

“The physical device, like those of our customers, becomes a gateway to value-adding services,” says Saunders. “This solution also provides a central data repository to audit active users, the capability to audit for legislation, enables offline registrations, provides a centralised database of blacklisted users and can be used to blacklist devices, users and SIMs. It can be deployed almost anywhere it’s needed for indefinite periods, provides convenient services to travellers to a country where legislation allows and can automatically deactivate SIMs when visitors leave and can deduplicate data.”

Edited by Jenna Cook

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