1. Background established on June 18, 1951 Universal Bank since 1994 publicly listed as “SECB” has one of the lowest non- performing loan ratios (NPL) capital adequacy ratio superior to industry standards among the top ten banks in the country major subsidiaries include: SB Cards (Diners Club), SB Equities, SB Capital, SPFSI Corporate Strategy F.I.R.S.T. Priorities F ocus on Customers I nnovation and Speed to Market R esults Oriented Quality and Productivity S takeholder Value Enhancement T eamwork

2. Biometrics – The Emerging Technology "Biometrics" is derived from the Greek words bio (life) and metric (to measure) It is the automated use of physiological or behavioral characteristics to determine or verify identity. Physiological biometrics is based on measurements and data derived from direct measurement of a part of the human body. Behavioral biometrics, on the other hand, is based on measurements and data derived from an action, and indirectly measure characteristics of the human body. Biometrics are automated in as much as the processes involved in sample acquisition, feature extraction, record retrieval, and algorithm- based matching are computerized or machine-based. The result is that biometric decision-making is very rapid, and in most cases occurs in real-time. The fast response time makes it ideal for accurately identifying people quickly and reliably. It is therefore ideal for banks.

3. How it Works 1.Building the template Enrollment of the users of the system Collection of initial fingerprint Processing and the algorithmic encoding of unique defining characteristics of the fingerprint 2.Decision making using the template Scanning of the sample fingerprint Searching the template Returning the decision if the fingerprint matches the identity of the person Biometrics – The Emerging Technology Biometrics Industry at Present Citibank N.A. is developing biometrics for banks since 2002 Emergence of companies specializing in biometrics New technological developments that will bring hardware costs down

4. Biometrics and F.I.R.S.T. Priorities F ocus on Customers – The customers will directly benefit from the ease of using the system. Instead of having passwords or PINs to memorize, they just have to come and bring themselves. They can be also sure that as long as their finger is still attached to their hand, no one can access their accounts. It will also reduce waiting time in the branch since response from the system is real-time. I nnovation and Speed to Market – This is a very innovative technology that will clearly define Security Bank. Developing a biometric system soon will ensure that Security Bank would be the pioneers of this technology. This will also streamline backroom processes and improve internal control. R esults Oriented Quality and Productivity – Results will be immediately felt when congested branches will be freed-up. Tellers will be more productive and reduce the risk of errors of identification to almost zero. This will minimize, if not totally eliminate losses from fraudulent acts. S takeholder Value Enhancement – The above stated benefits will ultimately trickle down to the bottom line. Not only is it in form of additional income that the bank generates but also the honor and prestige of being a pioneer in a new emerging technology.

5. Biometrics and F.I.R.S.T. Priorities Teamwork – Biometric technology will strengthen teamwork within the organization. Vital information can be shared to concerned parties with reliance. Distance will no longer be an issue and various business units can refer to a single data warehouse. Security Bank will be raising the bar of the total banking experience! References: http://ntrg.cs.tcd.ie/undergrad/4ba2.02/biometrics/history.html http://www.biometricgroup.com/reports/public/reports/biometric_definition.html http://www.biometricgroup.com/reports/public/reports/components_processes.html http://www.computerworld.com/securitytopics/security/story/0,10801,67314,00.html http://www.bnx.com/web/newsroom/in_the_news/2002-02.htm http://www.oxfordmicrodevices.com/vbank.html