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On the Sidelines of GITEX Africa IrisGuard Partners with Elm to Help Boosting Financial Services in the Developing Countries


London & Riyadh – 2nd June 2023 – «IrisGuard» and «Elm» signed a MOU at GITEX Africa in Morocco to explore areas of collaboration across various projects including the distribution of humanitarian aid and citizen social protection payments incorporating iris recognition. 

Joining up the «IrisGuard» (EyePay® Network) iris-payment solution and the innovative structuring of Elm’s «Sahl» system will provide a more robust, reliable financial assistance delivery system, providing even greater transparency and efficiencies for all. 
One of the key objectives of this technology is to provide secure and convenient ways of accessing personal entitlements without the need for any other documentation, utilising the human iris for 100% accurate biometric authentication.

Majid bin Saad Al-Arifi, Executive VP of Marketing at Elm, affirmed that this MOU would lead the two parties to target broader business areas, and stressed that Elm is seeking to continue its leading contribution to digital transformation, thus enhancing capabilities and increasing performance levels in such a manner that would contribute to the improvement and development of economic environments by developing services and creating innovations in a world witnessing a shift towards a more digital future.   
Also, in this regard, Imad Malhas, CEO of Iris Guard, said: “We are thrilled about our collaboration with Elm as we embark on expansion of our products and solutions in Saudi Arabia. Elm’s passion for excellence, innovation and keeping ahead of the curve with digital transformation by introducing advanced integrated technology solutions, means we share the same goals and aspirations. We look forward to exploring the potential ways of joining up our iris recognition technology alongside Elm’s databank infrastructure for a seamless multi-modal assistance delivery system.” 

About IrisGuard
Founded in 2001, «IrisGuard»  is a world-leader of end-to-end iris enabled payment systems, empowering financial inclusion for the world's poorest and most vulnerable. Processing over USD $1.3b in humanitarian aid and beneficiary value per annum, IrisGuard’s iris recognition technology provides a 100% accurate proof-of-life in real time on a one-to-millions basis. It is a highly secure and reliable way to authenticate payments and services to citizens used by Governments, NGOs, banks, switches, post office and retail establishments, now serving over 14 million beneficiaries across multiple countries.

About «Elm»
Elm has been working since it started on utilizing innovative digital solutions to facilitate the lives of people and advance the work of institutions in various sectors. The company has more than 34 years of experience in dealing with government and private sectors by providing supportive advisory services in various digital fields, business outsourcing solutions and operational service through its multiple departments divided into several specializations to ensure the highest levels of professionalism.

For more information on IrisGuard, please visit www.irisguard.com
Images of our products are available on request. Interview with Imad Malhas, CEO also available on request

Media contact:
Eva Mowbray
Director of Marketing
IrisGuard UK Ltd
T: + 44 (0) 01908 597114
M: +44 (0) 7539 739450
E: emowbray@irisguard.com

For more information on Elm, 
Please contact:
Khalid Alzuman
Manager, Marketing - Corporate Communication
+ 966 118169039