Morpho (Safran) signs agreement with the State Bank of India during official visit of French President François Hollande to India
New Delhi, February 15, 2013
During the official visit of French President, Francois Hollande to India, Morpho (Safran) through its Indian subsidiary Smart Chip, signed an agreement with the State Bank of India for the provision and maintenance of a biometric authentication solution. The agreement was signed yesterday in New Delhi by N Jambunathan, Chief General Manager, State Bank of India and Sanjeev Shriya, Managing Director of Smart Chip, in the presence of French President François Hollande and Jean-Paul Herteman, Chairman and CEO of Safran.
Under this agreement, Smart Chip will implement a biometric authentication solution comprising fingerprint sensors and biometric matching software to verify the State Bank of India's employee credentials before granting them access to the Core Banking System of the bank. This solution will enhance security of the entire banking infrastructure. The system will be implemented across State Bank of India and its Associate Banks to provide biometric verification in over 21,000 branches.
"We are happy to embrace Morpho's biometric technology. The users of our core banking system are extremely confident of the enhanced system security with the introduction of biometric authentication," stated N. Jambunathan, Chief General Manager, State Bank of India.
"We are pleased to be selected once again to deploy our world-class biometric technology in the Indian banking market," said Sanjeev Shriya, Managing Director of Smart Chip. "With Morpho's strong local presence, heavy investments and foundational role in the Aadhaar project, we believe that we are contributing significantly to the large-scale adoption of biometrics for the Indian market."
In addition to its involvement in the Aadhaar project, Morpho is also a leading provider of biometric terminals, smart cards and SIM cards in India. Morpho has also deployed more than 500 explosives, narcotics and chemical detectors across India to protect people and property in some of the most challenging environments.
Morpho, a high-technology company in the Safran group, is one of the world's leading suppliers of identification, detection and e-document solutions. Morpho is specialized in personal rights and flow management applications, in particular based on biometrics, a sector in which it is the world leader, as well as secure terminals and smart cards. Morpho's integrated systems and equipment are deployed worldwide and contribute to the safety and security of transportation, data, people and countries.
For more information: www.morpho.com ; Follow @MORPHO_NEWS on Twitter
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has close to 60,000 employees and generated sales of 11.7 billion euros in 2011. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.3 billion euros in 2011. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
For more information: www.safran-group.com ; Follow @SAFRAN on Twitter
Morpho (Safran group)
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