As digital compliance becomes a defining factor for financial services, firms are seeking faster and more secure methods to fulfill regulatory obligations. One area that has long needed innovation is fingerprint-based background checks—a critical step for brokers, funding portals, and financial advisors looking to stay in step with FINRA regulations. Now, a major breakthrough is reshaping the process: Bayometric has earned certification from FINRA to provide Electronic Fingerprint Submission (EFS) services through its Live Scan software.
This certification places Bayometric among an elite group of technology providers trusted to send fingerprints directly to FINRA’s Central Registration Depository (CRD) electronically. It’s more than just a technical credential—it’s a leap forward in how firms onboard professionals and maintain compliance without being burdened by outdated or error-prone workflows.
Eliminating Delays in FINRA Fingerprint Submissions
Prior to EFS technology, financial firms typically managed fingerprint collection using ink cards or third-party scanning services that often required mailing physical documents and waiting weeks for confirmation. This created unnecessary lag and risk—particularly when errors occurred or prints were rejected for quality issues. With Bayometric’s FINRA-approved solution, the entire process is digitized, encrypted, and securely transmitted—cutting turnaround times dramatically.
Now, financial professionals can expect their fingerprint submissions to be received by FINRA within days, not weeks. This kind of speed is especially critical when firms are onboarding new representatives or responding to urgent licensing needs.
Built for Accuracy and Compliance
Bayometric’s Live Scan software is designed with both usability and regulatory precision in mind. It includes automated tools that format images, validate print quality, and check form completion—all before anything is submitted. These features help dramatically reduce rejection rates, saving time and eliminating repeat submissions that can slow down hiring or certification.
By aligning its software with both FINRA and FBI standards, Bayometric provides assurance that every submission meets the most current compliance benchmarks. This makes it an invaluable resource for HR departments and compliance officers trying to keep their firms ahead of regulatory obligations.
Supporting the Full Financial Ecosystem
From large broker-dealers managing hundreds of registered representatives to smaller funding portals navigating complex licensing frameworks, the need for efficient and secure fingerprinting is universal. Bayometric’s certified EFS solution is designed to be flexible enough for any size organization while maintaining the highest level of data protection.
Firms using the software can better manage filings like Form U4, conduct annual renewals, and handle onboarding with far less manual effort. The time and resources saved can be redirected toward core business goals rather than administrative follow-up.
Leading the Future of Identity Verification
Securing FINRA’s EFS certification is just one piece of Bayometric’s broader commitment to advancing biometric and identity solutions. With additional credentials like FBI Appendix F certification and a track record of innovation, Bayometric is positioning itself as a leading provider of scalable identity technologies for both public and private sectors.
As more financial institutions modernize their compliance infrastructure, those turning to Bayometric gain more than software—they gain speed, accuracy, and peace of mind in an increasingly regulated environment.
