San Jose, CA – Bayometric, a pioneer in biometric identification technology, has announced that its flagship Live Scan software has received Electronic Fingerprint Submission (EFS) certification from FINRA (Financial Industry Regulatory Authority). This accreditation marks a major advancement for broker-dealers, funding portals, and financial professionals who rely on accurate and compliant background checks.
With this certification, Bayometric joins a select group of companies authorized to digitally submit fingerprint records directly to FINRA’s Central Registration Depository (CRD) system. This achievement strengthens the company’s reputation as a trusted provider of secure, government-compliant biometric solutions.
“Our mission has always been to simplify identity verification without compromising on compliance,” said a company spokesperson. “Receiving EFS certification from FINRA allows us to offer our clients a faster, more secure alternative to manual fingerprint submissions.”
Enabling Digital Compliance in Financial Services
Financial institutions are required to conduct fingerprint-based background checks when onboarding new professionals, often through the Form U4 filing process. Until recently, many firms were burdened by slow, paper-based systems that introduced delays and errors.
Bayometric’s FINRA-certified software streamlines this process, allowing firms to capture, validate, and transmit fingerprint records electronically in a matter of days. This not only speeds up onboarding timelines but significantly reduces the risk of rejections caused by low-quality prints or formatting issues.
Features That Make a Difference
The Live Scan solution stands out for its combination of robust security and ease of use. Financial firms benefit from:
- Real-time quality checks to meet FBI and FINRA fingerprint standards
- End-to-end encryption for secure data handling
- Seamless integration with existing HR and compliance workflows
- Built-in alerts for incomplete or invalid submissions
The result is a smoother experience for compliance teams, reduced administrative burden, and improved turnaround times for background checks.
Supporting Broker-Dealers, Advisors, and Funding Portals
FINRA’s EFS program helps firms meet strict submission deadlines, and Bayometric’s software ensures they can do so reliably. Whether filing new registrations or conducting renewals, broker-dealers and funding portals can now take control of their fingerprint submission process with a dependable, certified tool.
As one of only a handful of vendors nationwide with EFS certification, Bayometric is positioned to help firms enhance compliance while gaining operational efficiency.
Commitment to Innovation and Compliance
In addition to FINRA certification, Bayometric maintains FBI Appendix F certification and continues to develop cutting-edge tools for secure identity management. Its broader product suite includes biometric authentication, visitor management, and law enforcement solutions—helping clients in both the public and private sectors meet the evolving demands of digital security.
To learn more about the certified Live Scan platform and how it supports financial industry compliance, visit Bayometric.
