FacePhi Teams With Global Banking Software Integrator

FacePhi is poised to expand its presence in the financial services sector thanks to a new partnership with Information Technology and Solutions and Services, or ITSS.

Based in Switzerland, the latter is a banking software integrator with 17 offices spread across Europe, the Middle East, Africa, Asia, and the Americas. The company says that it has worked with over 220 financial services providers, including major banks like Santander and BNP Paribas.

In announcing their partnership, FacePhi and ITSS did not disclose detailed plans for their efforts, but they indicated that “consensual identity verification with facial recognition will play a prominent role” in their efforts. FacePhi is renowned for its selfie-based customer identification technology, which has seen considerable enthusiasm from the financial services sector in particular.

“ITSS provides agile digital onboarding strategies that helps banks capitalize on the benefits of innovative technology. Our alliance with FacePhi will enable us to offer state of the art biometric solutions to banks and financial institutions,” said ITSS CEO Patrick Jaccoud. “We are excited to continue on this path with FacePhi ensuring that security and privacy continues to be paramount in banking digital transformation.”

For FacePhi’s part, CEO Javier Mira highlighted the growing use of biometrics in the financial services sector in recent years, and cited ITSS’s “long experience in the integration of software for banks” in suggesting that FacePhi will play an important role in its customers’ digitization efforts going forward.

The partnership’s announcement arrives shortly after Banco Santander and Spain’s Chamber of Commerce recognized Alicante-based FacePhi with the National SME Award for 2020.

–

March 8, 2021 – by Alex Perala

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/

Decentralization of data is key for maintaining personal privacy, data protection and digital security. Yet, today’s solutions fall short. Centralized databases are prone to hacks and device-based solutions leave gaping security holes that fraudsters exploit. Anonybit goes to the root of the problem – how biometric data is stored and managed. Instead of building higher walls around centralized databases or storing biometrics on devices only to use passcodes as a fallback, we ask, what if there was no data to find? What if there was no biometric template to store? Welcome to Anonybit. The world’s first FULLY decentralized biometrics, where personal privacy meets digital security. 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