Goldpac pushes the boundaries of consumer fintech at Seamless Middle East 2023
Showcase new technology in a bank office environment
DUBAIUnited Arab Emirates, 23 May 2023 /PRNewswire/ — Goldpac Fintech will showcase its latest technologies at Seamless Middle East 2023 (booth A20). Six displays and demonstrations address current payment card issuing needs, from premium card printing finishes and effects, to fast, efficient card issuing solutions and self-service kiosk technologies. AI technologies that address high-throughput content verification and homomorphic encryption are also available, providing early access to new technologies that more broadly address operational challenges facing financial institutions.
A simulated bank branch environment, complete with teller window and back office setup, provides an ideal setting to demonstrate the latest improvements and upgrades to Goldpac’s payment card technologies.
A number of consumer-focused demonstrations are available and range from customer onboarding (SST-502) and instant card issuance, to card dispensing (ACE301) and on-demand image cards using text-to-image AI image generation (DCE160, GoldAudit and Marvel Digital Ai). These are all designed to shorten queues, reduce labor requirements, reduce the demand for checkout windows and thus raise the quality of customer service.
In the back-office, a scenario for introducing and issuing employee cards shows how an all-in-one card issuing printer (PIE001) easily handles identity verification, photo ID capture and card issuing without the need for an external PC. In collaboration with Marvel Digital Ai, the photo ID step uses Goldpac-developed computational algorithms built into Marvel Digital Ai’s edge computing AI chip to process images in accordance with relevant image ID requirements, paving the way for further edge computing-related applications.
AI algorithms and processes are also used by the GoldAudit content verification system to facilitate high-throughput content services. High volumes of content (image, text or video) can be sent through a rules-based AI engine to ensure high accuracy when controlling and authorizing content. This opens up the possibility of future, large-scale, customized consumer-driven service and product delivery.
Goldpac is also making inroads in offering new categories of products and services for financial institutions. Homomorphic encryption enables different business organizations to exchange, analyze and examine encrypted data to uncover fresh consumer insights without exposing raw data.
Future financial services are likely to become increasingly platform-based. Goldpac focuses on enabling technologies that will help advance the digital transformation process for financial institutions and other industries.
About Goldpac
Goldpac supplies products and solutions that meet the financial industry’s diverse needs for secure and user-friendly payment solutions. These solutions cover user onboarding, personalization and issuance of payment devices, and self-service kiosks and desktop printers.
The business covers a wide range of businesses and sectors from financial services, telecommunications, social security and healthcare, to transport, retail, mobile payments, identity, third-party payment platforms and other security services.
Its mission is to promote the widespread use of secure payment technologies so that people everywhere can benefit from the freedom of a secure and convenient payment experience.
Find out more at www.goldpac.com.
SOURCE Goldpac Group
