As the financial industry tightens its regulatory grip on identity verification, Bayometric has taken a significant step forward by earning FINRA’s Electronic Fingerprint Submission (EFS) certification for its Live Scan software. This milestone places Bayometric among a select group of providers authorized to directly transmit fingerprint data to FINRA, reducing bottlenecks and elevating compliance across the board.
This certification is more than a formality—it reflects Bayometric’s long-standing commitment to streamlining the fingerprinting process in highly regulated environments. Financial institutions that depend on quick, secure onboarding for brokers, advisors, and other representatives now have a certified solution they can trust to meet both speed and accuracy requirements.
A Critical Upgrade to Manual Fingerprinting
Before EFS certification, many firms relied on labor-intensive fingerprinting methods that were slow, error-prone, and incompatible with today’s digital-first operations. Paper-based submissions and mailed fingerprint cards not only delayed processing but often failed to meet stringent quality and format requirements.
Bayometric’s Live Scan software changes that. It provides a seamless way to capture, format, and transmit fingerprint data electronically, reducing rejection rates and accelerating approval times. The software also incorporates robust encryption and validation features to meet FINRA’s Central Registration Depository (CRD) integration standards, giving firms confidence that every submission is secure and compliant.
Time-Sensitive Compliance, Simplified
FINRA’s rules mandate that fingerprint data be submitted promptly during the registration or renewal process. Any delay can stall an individual’s approval and negatively impact hiring timelines. By leveraging Bayometric’s certified solution, firms can now ensure fingerprint data reaches FINRA in record time—often within just a few days of collection.
This efficiency is crucial in an industry where time is money. Fast, reliable fingerprint processing enables financial firms to maintain their hiring pace without risking compliance setbacks.
Designed for Modern Workflows
Bayometric has engineered its Live Scan platform for ease of use without compromising on performance. It automates many of the most error-prone parts of the fingerprinting process, such as image formatting and quality checks, while guiding users through each step to minimize mistakes.
Additionally, the software’s audit and validation tools allow firms to pre-screen fingerprints before submission, reducing the chance of rejection due to poor print quality or incomplete forms. This proactive approach saves time, resources, and ensures that HR and compliance departments stay focused on what matters most.
Supporting Brokers, Advisors, and Beyond
From broker-dealers submitting Form U4 registrations to funding portals seeking to validate new representatives, Bayometric’s solution supports a wide variety of financial services use cases. Its flexibility and scalability make it suitable for both large enterprises and smaller firms seeking to modernize their compliance workflows.
Bayometric’s FINRA EFS certification is not just a technical achievement—it’s a business enabler. Financial firms adopting the software can meet regulatory requirements faster, improve operational efficiency, and reduce compliance risk, all with one secure platform.
As the demand for faster, digital-first identity verification continues to grow, Bayometric stands ready to lead the charge with innovation, reliability, and certified compliance.
