Austin, TX, March 11, 2025 — Smart Eye Technology, a leader in biometric security and continuous authentication solutions, has partnered with Finov8r, an advisory firm specializing in financial technology innovation, to bring cutting-edge fraud prevention solutions to U.S.-based community banks. This partnership aims to address the growing threat of fraud in digital banking by leveraging advanced biometric authentication.
Revolutionizing Fraud Prevention in Banking
The banking industry, particularly community banks, face unprecedented levels of fraud, often costing institutions six to seven figures in annual losses. Many of these attacks stem from social engineering tactics that exploit traditional security measures such as passwords and two-factor authentication. Smart Eye Technology’s innovative biometric authentication platform provides continuous user verification, ensuring secure digital transactions while eliminating risks associated with credential theft and session hijacking.
“Community banks are in dire need of effective fraud prevention solutions,” said Allan Rayson, Finov8r. “By integrating Smart Eye’s technology, we’re introducing a seamless, yet highly secure, authentication method that will protect banks and their customers from unauthorized transactions and cyber threats.”
How Smart Eye’s Technology Works
Smart Eye Technology uses continuous facial recognition and multi-biometric security to authenticate users throughout their banking sessions. The technology is designed to serve two primary use cases:
- Bank Clients & Employees – Smart Eye enhances security for employees of banking clients accessing digital banking platforms, particularly for high-risk transactions like wire transfers, ACH payments and Zelle transactions. By continuously verifying the user’s identity, Smart Eye prevents fraudsters from taking over accounts and making unauthorized Zelle transfers. If an unauthorized party attempts to access an account or initiate a transaction, Smart Eye detects the anomaly and automatically terminates the session, preventing fraudulent payments.
- Bank Associates – Community banks can implement Smart Eye’s biometric authentication on internal devices, ensuring secure access for employees using bank-issued hardware.
The solution includes:
- a Chrome extension that enforces biometric authentication for specific websites.
- an API-based integration for banks seeking deeper security controls across platforms.
- SETI Mode Desktop– Smart Eye’s secure desktop environment that guards against hackers attempting remote access (e.g., through RDP attacks). SETI Mode Desktop ensures that only the authenticated user can access the device, blocking unauthorized remote connections in real time.
The technology maintains session integrity, detects unauthorized access attempts, and automatically terminates compromised sessions, providing a robust defense against cyber threats.
Enhancing Compliance & Operational Efficiency
Beyond fraud prevention, Smart Eye’s biometric security supports compliance with Regulation E, protecting both banks and their customers from unauthorized electronic transfers. The technology also reduces the operational burden of investigating fraud incidents, freeing up valuable resources for bank operations teams.
“The Smart Eye product is a game-changer for banks looking to enhance their security posture while maintaining a seamless user experience,” said Dexter Caffey, Smart Eye Technology. “We are excited to work with Finov8r to bring this advanced fraud prevention solution to community banks nationwide.”
A Collaborative Initiative with Community Banks
As part of this initiative, Smart Eye and Finov8r will engage 5-10 community banks as early adopters of the technology. These institutions will gain access to exclusive proof-of-concept trials, reduced implementation costs, and expert guidance on integration. This collaboration will help validate and refine the deployment of biometric authentication in real-world banking environments.
Next Steps
Community banks interested in participating in this initiative can contact Finov8r or Smart Eye Technology for more information on pilot programs, pricing structures, and integration roadmaps.
For media inquiries, partnership opportunities, or more details about Smart Eye Technology’s fraud prevention solutions, please contact:
Media Contact:
Allan Rayson
Founder
Finov8r
allan@finov8r.com
512.221.8006
finov8r.com
About Smart Eye Technology
Smart Eye Technology is an innovative cybersecurity firm specializing in biometric authentication and fraud prevention solutions. By leveraging continuous facial recognition, multi-biometric authentication, and AI-powered fraud detection, Smart Eye secures digital transactions and protects users from credential theft and unauthorized access.
About Finov8r
Finov8r is a financial technology consulting firm focused on delivering next-generation banking solutions. With expertise in digital transformation, fraud prevention, and compliance, Finov8r partners with leading fintech providers to enhance security and operational efficiency for financial institutions.