Updated Jan 15, 2021

IrisGuard EyePay®

https://www.irisguard.com/

Eva Mowbray

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We provide human identification and authentication for aid assistance distribution, using our iris recognition technology - EyePay®. We verify one person from millions, with 100% accuracy in real time, without a card or pin or any other token.

EyePay® provides verification and authorization of cash transactions, pensions, social welfare payments, money remittances and links with mobile wallets – in real time. Our technology is safe, contact-free, 100% accurate and takes just a few seconds for the entire financial transaction to complete. By streamlining processes, eliminating identity fraud and enabling a safer, faster user experienc...
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EyePay® provides verification and authorization of cash transactions, pensions, social welfare payments, money remittances and links with mobile wallets – in real time. Our technology is safe, contact-free, 100% accurate and takes just a few seconds for the entire financial transaction to complete. By streamlining processes, eliminating identity fraud and enabling a safer, faster user experience, it plays a crucial role in driving financial inclusion of vulnerable populations and bringing back dignity. We are a trusted partner of the UNHCR, WFP, UN Women, NGOs and retail banks, driving financial assistance for millions of people who are now able to receive cash from ATMs and mobile cash-out agents, buy their food in supermarkets and receive their regular pension payments using solely their eyes. EyePay® is also deployed for verification of existing ID / payment cards. We provide a complete, end-to-end iris recognition solution offering pristine iris imagers, back-end servers, financial applications, web services and API’s.
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MLC Vanguard
  

Focus Areas:

Humanitarian Assistance, Technology and Inclusion

Humanitarian Assistance, Technology and InclusionSEE LESS

Implemented In:

Iraq, Egypt, Lebanon and 1 MoreSEE ALL

Iraq, Egypt, Lebanon and JordanSEE LESS

4
Countries Implemented In
35
Employees

Problem

There are 1.1b people with no ID and 1.7b people already unbanked. The number of those likely to need assistance and social protection is only about to grow, due to the current pandemic. Accountability is now the top of the agenda. More Governments and aid agencies need to support a growing number of people, it takes time to negotiate service points, different systems may not be compatible and with funding under increased pressure, donors are demanding accountability and proof of delivery.

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Solution

We specialise in targeted aid delivery using our iris recognition technology - EyePay®, which enables the 'targeted' delivery of humanitarian aid. We verify one person from millions, with 100% accuracy in real time (under three seconds), anywhere in the world. We don't need a card, pin, username, password or any other token. We eliminate fraud, ghosting and double dipping. Our solution is designed for easy integration into existing databases and payment systems.

Target Beneficiaries

The UNHCR has successfully enrolled over 2.5 million vulnerable Syrian refugees using our technology. It has also been extensively used by the WFP, UN Women and dozens of NGOs and retail banks as a targeted delivery platform of financial aid to millions of refugees / unbanked processing more than $3.5m per month. Beneficiaries have been purchasing their groceries by using just their iris, withdrawing cash assistance via iris enabled ATMs, at Post Offices and via a mobile wallet.

Mission and Vision

Our vision is a world where digital payments and transactions are trusted, protected and secured through iris recognition, especially for the most vulnerable. In 2019, nearly 132 million people needed humanitarian aid and protection and 1.7b remain unbanked. Our mission is to empower financial inclusion and increase access to accessible financial services.

Competitive Advantage

Our complete service solution provides online and offline authentication with no need for ID, works with many types of assistance including cash/food/in-kind/medical, requires one time enrolment only, reporting function compatible via API’s and is scalable depending on size of project, longevity or value. Our offline function development creates a significant step change in operations, allowing our platform to be deployed at speed and in remote locations. • Fit for purpose and robust hardware, software and API’s • Highest security standards, 9 patents covering encryption of both hardware and software • PAD Level 1 i-Beta certification • Support Windows and Android • System operates on 2G, 3G, 4G, WiFi • Our devices are mobile, contact-free and link to the Cloud • Flexible business model with transactional fee structure • Rapid deployment in the field with full installation, training and tech support

Planned Goals and Milestones

We strive to be leading the world of financial inclusion by ensuring accurate, easy and dignified financial inclusion for hundreds of millions of unbanked people around the world. Our innovative API suitable for all Android-enabled mobile phones, tablets and POS has an online and offline functionality. We aim to extend our technology across new geographical regions and challenging environments, creating a beneficiary centric eco system with more convenience and increased number of locations.
Funding Goal0
New Implemented CountriesBrazil, Afghanistan, Ghana, Ethiopia, Colombia, Bangladesh, Philippines, Palestinian Territories, Nigeria, Tanzania, Sudan, Yemen
Recruit5 x advisory, 5 x sales
New FeatureRoll out of EyePay Network platform across above mentioned countries to facilitate a beneficiary-centric eco system, improving convenience, speed and efficient local cash/service distribution points.

The Team Behind the Innovation

IrisGuard is headed up by our CEO Imad Malhas who is a co-inventor on many international patents, and H.E. Karim Kawar - President of Kawar Group and a former diplomat, who are also the co-founders of IrisGuard. They are supported by an experienced team of distinguished executives bringing a wealth of experience and expertise from a diversified range of industries including engineering, technology, finance, mobile and hospitality.

EXECUTIVE TEAM INCLUDES WOMEN

Milestone

Dec 2020
Date Unknown
New Country Implemented In
Jordan
Date Unknown
New Country Implemented In
Lebanon
Date Unknown
New Country Implemented In
Egypt
Date Unknown
New Country Implemented In
Iraq
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