Creditel Enhances Mobile Convenience and Security with FacePhi Biometrics

FacePhi Provides Mobile Onboarding for Uruguay's Creditel

FacePhi has picked up a second financial customer in Uruguay. The facial recognition specialist has announced that it will be delivering the SelphID onboarding and authentication platform for Creditel, which is one of the largest credit providers in the country.

SelphID utilizes document and facial recognition to compare a selfie to the photo on an official government ID. The platform is available on iOS and Android devices and through the web, and prospective Creditel customers will be able to use it to open a fully digital account without ever setting foot in a bank branch location.

The credit company launched its first mobile app in 2016, and then updated it with a “Creditel in Your Pocket” version in 2017. However, the SelphID integration is expected to improve the security and the convenience of Creditel’s mobile services.

Creditel itself is a member of Grupo Santander. The new deal was reached the help of FacePhi’s technological partnership with SORT Consulting, and was signed roughly a year after FacePhi agreed to provide similar onboarding services for HSBC Uruguay. It is also in keeping with FacePhi’s expansion efforts in Latin America.

“[The partnership] falls within the strategic lines of our expansion plan which, in addition to the LATAM market, also sets its goals in Asia and the Pacific,” said FacePhi CEO Javier Mira.

The news indicates that FacePhi has indeed been able to maintain and advance its primary business operations during the COVID-19 pandemic. The company issued a statement to that effect earlier this month, while partnering with NSSMART to deploy biometric authentication technology at the Kangbuk Samsung Hospital in Seoul, South Korea.

FacePhi recently teamed up with Santander Argentina and the Credicorp Bank in Panama to get off to a strong start in 2020. The company is hoping to improve on its stellar growth in 2019.

Related News

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Related News

Footer

Follow Us