Bayometric Raises the Bar in Financial Security with FINRA EFS Certification
In an era where regulatory pressure continues to escalate, financial firms are under increasing scrutiny to safeguard data, streamline compliance, and ensure efficient onboarding of registered representatives. The latest news from Bayometric brings welcome relief to compliance teams: its Live Scan fingerprint software is now officially certified by FINRA for Electronic Fingerprint Submission (EFS), a designation held by only a select group of trusted vendors.
This achievement isn’t just a badge—it’s a turning point for how firms manage identity verification and background screening across the financial industry.
Real-Time Compliance, Without the Friction
The FINRA EFS certification enables broker-dealers, funding portals, and financial advisors to submit fingerprints directly through Bayometric’s Live Scan system—cutting out cumbersome paper processes and minimizing the risk of costly submission errors. For firms navigating tight onboarding schedules and regulatory deadlines, the ability to instantly and securely transmit biometric data directly to FINRA’s Central Registration Depository (CRD) is a significant operational upgrade.
What once required physical fingerprint cards, postal delays, and manual form verification can now be handled in minutes with encrypted digital submissions.
Why It Matters to Compliance Teams
Compliance officers have long struggled with balancing risk mitigation and workflow efficiency. Bayometric’s EFS-certified platform solves that dilemma by offering a system that automatically formats and validates fingerprint records to FBI and FINRA standards. With built-in features that detect low-quality prints or incomplete form fields before submission, firms drastically reduce the chance of a rejection.
The software also includes advanced encryption protocols and secure communication channels, ensuring that sensitive personal data is protected throughout the submission process.
A Smart Investment for Broker-Dealers
For broker-dealers, timely fingerprint submission is essential—whether it’s for a new Form U4, a transfer request, or a regulatory renewal. With Bayometric’s certified software, firms can drastically reduce onboarding timeframes while meeting FINRA’s exacting standards.
The benefits also extend to independent funding portals, investment advisers, and fintech startups entering regulated markets. Bayometric’s Live Scan system provides an easy-to-integrate, scalable solution that works across environments, from small compliance departments to enterprise-level registration operations.
Positioned for the Future of Identity Tech
While earning FINRA’s EFS certification is a major milestone, it’s just one part of Bayometric’s broader vision. The company also maintains FBI Appendix F certification, positioning itself as a trusted partner across government, healthcare, and commercial sectors. With cybersecurity and biometric compliance becoming increasingly vital, Bayometric is ahead of the curve.
From fingerprint-based identity solutions to full-scale compliance tools, Bayometric continues to innovate in ways that directly benefit firms working in highly regulated industries.
A Trusted Partner in Digital Compliance
As the financial world moves toward faster, paperless processes, having the right partners is essential. Bayometric’s FINRA-approved Live Scan platform is helping companies stay compliant while optimizing one of the most overlooked—but crucial—steps in the registration process.
To learn more about how your firm can benefit from EFS-certified fingerprinting and streamline your compliance workflow, visit Bayometric.
