In a significant step for the financial services industry, Bayometric has officially received FINRA Electronic Fingerprint Submission (EFS) certification for its Live Scan fingerprinting software. This achievement empowers broker-dealers, financial advisors, and other regulated entities to streamline their compliance processes by electronically submitting fingerprint data to FINRA with speed, accuracy, and security.
The FINRA EFS certification is not easily earned—vendors must meet strict technical and data security standards to ensure compatibility with FINRA’s Central Registration Depository (CRD). By securing this designation, Bayometric joins an elite group of companies authorized to support firms in fulfilling fingerprinting requirements tied to licensing, employment, and background checks.
A Game-Changer for Fingerprint-Based Compliance
For years, financial institutions have dealt with cumbersome fingerprinting procedures that involved ink cards, mailing delays, and high rejection rates. These outdated methods not only hindered onboarding timelines but also introduced unnecessary risk into the compliance workflow.
Bayometric’s certified Live Scan software changes that narrative. Built to digitize the fingerprinting process from capture to transmission, it automates data formatting, ensures compliance with FBI and FINRA standards, and transmits biometric information through secure, encrypted channels.
The result is faster approval times and a more consistent experience for HR departments, compliance officers, and prospective employees alike.
Accuracy and Speed Without Compromise
One of the key advantages of using a FINRA-certified Live Scan solution is the reduction in error rates. Poor-quality fingerprint images or improperly completed forms often lead to submission rejections—adding days or even weeks to the registration process.
Bayometric mitigates this risk through built-in quality checks and pre-validation tools that flag potential issues before data is sent. By catching problems early, firms can avoid delays and ensure timely onboarding of new personnel, whether they’re seasoned advisors or newly licensed representatives.
With turnaround times often measured in days rather than weeks, the software is already proving to be a powerful tool for time-sensitive regulatory environments.
Built for Financial Services at Every Scale
Whether you’re a major brokerage with thousands of employees or a smaller firm growing your team, Bayometric’s Live Scan platform scales to meet your needs. Its user-friendly interface makes it accessible to operators of all technical backgrounds, while its robust back-end ensures compatibility with multiple fingerprint scanning devices.
Moreover, the platform aligns with FINRA’s exacting standards for electronic fingerprint submissions, allowing firms to focus on core business functions instead of getting bogged down by compliance logistics.
More Than Just Certification
Although FINRA EFS certification is a noteworthy milestone, it’s just one facet of Bayometric’s broader commitment to innovation in identity verification. The company also holds FBI Appendix F certification and continues to invest in technologies that improve the security and efficiency of biometric data handling.
By integrating automated checks, secure data routing, and real-time submission features into one streamlined system, Bayometric is helping financial institutions stay compliant, competitive, and prepared for the future of digital regulation.
For firms seeking a proven, secure way to simplify their fingerprinting obligations, Bayometric is the partner of choice.