Incode Secures $10 Million for New Biometric Identity Platform

Incode, a provider of secure biometric products for banking, payment and retail industries, recently announced that it has secured $10 million in funding to accelerate the growth and adoption of Incode Omni, its new biometric identity platform

Incode Omni is being touted as a pioneering omnichannel biometric identity platform, and some of the tools that it comprises are already being used by major banks, financial institutions and retailers.

“The modern consumer is all about experiences and convenience,” said Ricardo Amper, Founder & CEO, Incode. “What they want is a seamless, consistent and secure way to perform daily tasks like access their ATM, make payments, and access online accounts. Yet, what they get today is quite the opposite. The ecosystem is fragmented by multiple vendors and devices, making processes clunky and inefficient. That’s precisely why we’ve built Incode Omni: to help companies provide a frictionless, secure and convenient experience for the next generation of consumers.”

With Omni, Incode plans to provide consumers with a range of services like the ability to open new accounts, authenticate their identity, and make payments seamlessly across any channel in one, frictionless service.

The National Institute of Standards and Technology (NIST) recognized Omni as one of the best enterprise edge facial recognition technologies, and the platform brings together LiveBeam anti-spoofing software, machine learning, and computational photography to provide customers with an accurate and secure experience.

Omni is modular, composed of a set of software development kits (SDKs) that are compatible with cloud-based systems, web browsers, and operating systems including iOS and Android.

A number of prebuilt solutions provided by Omni are intended to integrate with existing systems. Incode Welcome helps with onboarding users from the web or mobile, while Incode Hello allows users to log in with their facial biometrics, and Incode Check and Incode FacePay let users verify purchases and make payments and send money using their face.

“Our mission behind Incode Omni is to set global standards of digital identity. We’re starting with financial services, hospitality and marketplaces, but this is just the beginning,” said Amper. “Convenience is a major piece of the puzzle, security is another,” he added.

With security in mind, Incode employs machine learning to validate IDs including fake checks, tamper checks and liveness checks to detect potential threats. Their passive liveness detection prevents identity spoofing to provide further security for users’ transactions.

Source: VentureBeat

–

November 11, 2019 – by Tony Bitzionis