IrisGuard teams up with Elm to boost financial inclusion

By Delisha Fernandes

IrisGuard, an end-to-end iris-enabled payment system and Elm, an integrated digital solution company, announced that it has completed and signed a Memorandum of Understanding at GITEX Africa in Morocco on 1^st June 2023.

Joining up the powerful IrisGuard EyePay Network iris payment solution and the innovative cross-department architecture of the Elm Sahl system aims to help provide a more robust, reliable financial assistance delivery system, providing even greater transparency and efficiencies for all.

This will benefit Saudi Arabian citizens and those countries and beneficiaries outside supported by the region.  Some of the key objectives for this development include secure and convenient ways of accessing personal entitlements without the need for any other documentation, utilising the human iris for 100% accurate biometric proof-of-life.

“We are thrilled about our collaboration with Elm as we expand our products and solutions in Saudi Arabia. Elm’s passion for excellence, innovation and keeping ahead of the curve with digital transformation by introducing advanced integrated technology solutions means we share the same goals and aspirations. We look forward to exploring the possible ways to join our iris recognition technology alongside Elm’s databank infrastructure for a seamless multi-modal assistance delivery system.” said  Imad Malhas, CEO & Managing Director at IrisGuard.

Majid bin Saad Al-Arifi, Executive VP of Marketing at Elm, said, ” This understanding would lead the two parties to target broader business areas and stressed that Elm is seeking to continue its leading contribution to digital transformation, thus enhancing capabilities and increasing performance levels in such a manner that would contribute to the improvement and development of economic environments by developing services and creating innovations in a world witnessing a shift towards a more digital future.”