In a fast-evolving regulatory environment, speed and security are everything—especially when it comes to identity verification. That’s why Bayometric’s latest milestone is making waves across the financial services industry. The biometric technology company has officially earned FINRA’s Electronic Fingerprint Submission (EFS) certification for its Live Scan software, cementing its place among a highly exclusive group of vendors authorized to submit fingerprint records directly to FINRA’s Central Registration Depository (CRD).
This certification is more than just a stamp of approval—it’s a gateway to faster onboarding, fewer rejected submissions, and seamless regulatory compliance for broker-dealers, financial advisors, and funding portals.
Why FINRA EFS Certification Matters
Financial firms are required to conduct fingerprint-based background checks when hiring new representatives or renewing credentials. Traditionally, this process involved manual card submissions, physical mailing, and frequent delays due to poor image quality or formatting errors. But the stakes are high—missing deadlines or submitting flawed data can slow down hiring and lead to regulatory setbacks.
With EFS-certified software, firms can skip the manual hassle and transmit prints directly to FINRA and the FBI with speed, accuracy, and confidence.
That’s where Bayometric comes in.
What Sets Bayometric’s Live Scan Apart
Bayometric’s Live Scan software is designed to make fingerprint submissions as efficient as possible. The platform features real-time quality checks, ensuring that fingerprints meet stringent FBI and FINRA image standards before submission. This minimizes the chance of rejections and eliminates the time-consuming process of redoing scans.
Security is also a major priority. The platform uses advanced encryption and validation protocols to protect sensitive biometric data during transmission. For firms that regularly submit prints for onboarding or regulatory renewals, these protections are essential to maintaining compliance while safeguarding applicant information.
Benefits for Financial Institutions
With Bayometric’s EFS-certified software, financial firms can:
- Submit fingerprints electronically with rapid turnaround
- Reduce onboarding time for new hires
- Eliminate paper-based bottlenecks and manual errors
- Improve compliance with FINRA and FBI submission standards
- Streamline workflows for HR and compliance teams
For registered broker-dealers and funding portals, this translates into improved operational efficiency and a smoother path to licensure for new representatives.
A Trusted Partner in Identity Management
Bayometric is no newcomer to the world of biometric security. With a history of providing fingerprinting and identity verification solutions across sectors—including healthcare, government, and law enforcement—the company is known for building tools that are both powerful and user-friendly.
In addition to FINRA’s EFS certification, Bayometric also holds FBI Appendix F certification, validating the reliability and accuracy of its fingerprint capture process. The company’s focus on compliance, data integrity, and automation makes it an ideal partner for financial firms seeking to modernize outdated processes.
Looking Ahead
As digital identity verification becomes more critical in financial services, tools like Bayometric’s Live Scan software will continue to play a vital role. For compliance officers and operations teams looking to reduce friction and improve speed, working with an EFS-certified partner is no longer optional—it’s essential.
To explore how Bayometric’s solutions can support your compliance strategy, visit Bayometric.
