Bayometric, a recognized leader in biometric authentication solutions, has earned FINRA’s Electronic Fingerprint Submission (EFS) certification for its Live Scan software—solidifying its role as a trusted provider for secure and efficient fingerprint processing in the financial sector. This accomplishment puts Bayometric on the short list of vendors permitted to electronically transmit fingerprint data directly to FINRA, a critical step in background checks for professionals in securities and related industries.
A Simpler Path to FINRA Compliance
Traditional fingerprint submission methods—often involving ink cards or outdated scanning processes—have long been time-consuming and error-prone. Rejections due to low image quality or data mismatches frequently led to onboarding delays, creating frustration for firms and their new hires alike. With Bayometric’s newly certified software, broker-dealers, investment advisors, and funding portals can now take advantage of a streamlined, fully electronic process that meets all of FINRA’s technical standards.
This means faster submission times, fewer errors, and better compliance—all of which are essential in an industry where delays can affect licensing, registration, and regulatory approval timelines. Learn more about how Bayometric’s Live Scan software meets FINRA’s EFS requirements—and how you can gain a compliant edge—visit Bayometric’s official website.
Built to Meet FINRA and FBI Standards
Bayometric’s solution isn’t just fast—it’s also built from the ground up for regulatory compatibility. The Live Scan software includes advanced encryption, automated formatting, and validation features that ensure all submitted fingerprints align with both FINRA and FBI expectations. From image capture to data transmission, every step is handled through secure and compliant channels.
This level of integration is especially helpful for firms that must regularly process fingerprints for Form U4 filings, new employee onboarding, or annual updates. By avoiding manual errors and standardizing submissions, Bayometric makes it easier for firms to maintain compliance without slowing operations.
Streamlined Processes for Busy Firms
With this certification, Bayometric offers compliance teams and HR departments a user-friendly way to manage their fingerprinting obligations. Built-in validation features detect unreadable prints, prompt corrections to incomplete forms, and confirm formatting before submission—cutting down on costly rejections and resubmission efforts.
Automated alerts, audit logs, and a simplified interface mean that even firms with limited in-house technical resources can operate the system confidently. For organizations managing high hiring volumes or working with remote staff, this automation is a game-changer.
Designed for Broker-Dealers, Advisors, and Portals
Bayometric’s Live Scan platform is a natural fit for broker-dealers and financial advisors who must meet strict registration requirements. Because fingerprint submissions must occur within narrow regulatory windows, delays can quickly derail timelines. Bayometric eliminates those concerns by offering rapid, secure delivery of prints directly to FINRA’s Central Registration Depository (CRD).
Funding portals and other financial entities also benefit from this level of reliability. As regulations around identity verification and compliance continue to tighten, having a certified, secure solution in place is not just a best practice—it’s a necessity.
Ongoing Innovation in Identity Technology
While achieving EFS certification is a notable milestone, Bayometric’s innovation doesn’t stop there. The company is also FBI Appendix F certified and continues to expand its portfolio of identity verification tools for both government and private clients.
Whether you’re a broker-dealer looking for a dependable way to stay compliant or a compliance manager seeking a solution to reduce administrative burden, Bayometric’s Live Scan software offers a modern answer to today’s fingerprinting challenges. Visit Bayometric’s official website to learn more.