For firms operating in the highly regulated financial sector, speed, security, and compliance are more than priorities—they’re requirements. With FINRA’s approval of its Electronic Fingerprint Submission (EFS) capabilities, Bayometric has taken a major leap forward in meeting those requirements through its advanced Live Scan software.
This certification affirms Bayometric’s status as a trusted vendor for biometric identity verification in the securities industry, joining a small group of companies authorized to electronically transmit fingerprints to the Financial Industry Regulatory Authority (FINRA). For broker-dealers and financial professionals, this isn’t just a technical milestone—it’s a path to faster, cleaner compliance.
Addressing a Pain Point in Financial Onboarding
In many firms, fingerprinting remains a bottleneck in onboarding workflows. Without certified software, firms must rely on physical fingerprint cards or third-party processing centers, which can delay onboarding and increase the risk of errors or rejections.
With Bayometric’s EFS-certified solution, firms can now electronically capture and submit fingerprints directly to FINRA’s Central Registration Depository (CRD). The result? Reduced processing times, improved submission accuracy, and full adherence to both FINRA and FBI biometric quality standards.
This is a particularly important advancement for firms handling high volumes of new hires or seasonal surges in registrations.
Smart Technology That Keeps You Ahead of Regulations
Bayometric’s software isn’t just compliant—it’s intelligent. The platform is built with features designed to catch issues before they become problems. Automated image validation ensures fingerprint quality meets federal standards, while encryption and secure transmission protocols protect sensitive data at every stage.
Unlike legacy systems that rely on manual data entry and mailing physical fingerprint cards, Bayometric’s solution integrates directly into existing digital workflows, ensuring accuracy and efficiency without sacrificing security.
Enhancing Efficiency for Broker-Dealers and Funding Portals
Registered representatives must submit fingerprints when registering via Form U4 or when required for renewals and background checks. A single delay or technical rejection can hold up the entire process. Bayometric’s certified system helps prevent these hiccups, offering firms greater control over the timeline of compliance tasks.
Funding portals, fintech startups, and investment advisory firms also stand to benefit from this digital upgrade. As new regulatory frameworks emerge and background checks become more complex, a reliable EFS solution becomes not only convenient—but essential.
Looking Toward a Safer, Streamlined Future
Bayometric’s commitment to innovation doesn’t stop with FINRA certification. The company also meets FBI Appendix F standards and continues to expand its suite of biometric and identity verification technologies. The long-term goal is clear: provide the financial sector with scalable, secure, and future-ready compliance tools that eliminate manual inefficiencies.
As firms modernize operations to meet rising regulatory and operational demands, partners like Bayometric provide the infrastructure to do so confidently.
To learn more about how Bayometric’s FINRA-certified Live Scan solution can simplify fingerprint submission and strengthen your compliance posture, visit Bayometric.