NEC participates in the inaugural Singapore Fintech Festival
Showcasing business concepts to drive the digital innovation of financial services
Singapore & Tokyo, 14 November 2016 - NEC Corporation (NEC; TSE: 6701) and NEC Asia Pacific announced today their participation in the Singapore FinTech Festival's conference and exhibition, held 16-17 November 2016 at the Singapore EXPO. The Festival, organised by the Monetary Authority of Singapore (MAS), in partnership with the Association of Banks in Singapore (ABS), will bring together a series of distinct FinTech events for the global FinTech community.
At the event, NEC will showcase business concepts which will drive the digital innovation of financial services, while introducing the latest development of its Blockchain technology.
NEC will also demonstrate secure facial recognition technology for mobile authentication. It combines NEC's world's most accurate facial recognition algorithm* with encryption software that enables hardware-level anti-tamper capabilities in order to deliver enhanced user experience and security for mobile authentication in banking applications.
For the first time in Southeast Asia, NEC will showcase its cashless payment service utilizing facial recognition, without using cards or cash. NEC conducted cashless payment trials** in Japan from June to August 2016 as a part of its initiatives to apply its biometrics authentication technologies to a range of services. As a result, NEC hopes to enhance the reliability and convenience of the identification process.
Daichi Iwata, Head of the FinTech Business Development Office, Business Innovation Unit, NEC Corporation said, "NEC is pleased to be a part of the inaugural Singapore Fintech Festival showcasing our range of innovative technologies and solution offerings to customers. At NEC, our FinTech services address important social issues such as financial inclusion and safe banking practices, thereby creating a safer and more secure society."
Ken Hanazawa, Head of Research for Biometrics and Behavior Analysis, Central Research Laboratories, NEC Corporation, is participating in a panel to discuss authentication and advanced sensors on 16 November.
- **NEC trials cashless payment by facial recognition - http://www.nec.com/en/press/201606/global_20160621_01.html
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
The NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit
NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. © NEC Corporation.
About NEC Asia Pacific Pte. Ltd.
Singapore-based NEC Asia Pacific (NEC APAC) is the regional headquarters for NEC Corporation (HQ: Japan) in the Asia Pacific region (South and Southeast Asia and Oceania). As a leading information and communications technology provider, NEC APAC provides innovative solutions and infrastructure to promote safety, security and enhance the quality of life for individuals and the community. NEC APAC's expertise includes solutions for carrier networks, biometric identification, enterprise applications and infrastructure, unified communications, transportation solutions, multimedia displays and smart energy, as well as the provision of managed services and contact centre services.
Our regional competency centres, together with our research laboratories, provide cutting-edge public safety, cybersecurity technologies and enterprise solutions to enable safer cities, with a vision to create a brighter future. For more information, please visit http://sg.nec.com.