FaceTec Provides Biometric Identity Verification for VeriTran

Argentina’s VeriTran is integrating FaceTec’s facial recognition technology into its own Low-Code Platform. The arrangement will enable secure biometric onboarding and authentication for VeriTran’s customers, and support additional integrations with other third-party systems.

FaceTec’s solution offers biometric matching and liveness detection. During onboarding, the platform will generate a 3D FaceMap, and then compare that FaceMap to the image on a photo ID to make sure that they belong to the same person. The solution uses a similar process for subsequent authentication requests, comparing a new FaceMap to the one already registered with the FaceTec system. In both cases, FaceTec uses liveness detection to make sure that a real person is present for the interaction.

VeriTran’s solution, on the other hand, was built to facilitate digital transformations. The Low-Code Platform makes it easy for organizations to build their own custom applications, and will now offer full passwordless authentication thanks to the partnership with FaceTec.

“We are excited to expand our global footprint by partnering with Veritran to bring our biometric offerings to a new segment of end-users,” said FaceTec CEO Kevin Alan Tussy. “Protecting end-users from ever-evolving cyber threats and providing technological advances to improve the user experience will make it safer and easier to conduct in-app and digital transactions.”

“The increased use of mobile banking applications due to COVID-19 has shown that security of digital applications is of upmost importance, and we value FaceTec’s partnership in helping us create more secure transactions by using a world-class 3D face authentication solution,” added VeriTran Global Strategic Alliances Head Omar Arab.

VeriTran launched its Low-Code Platform back in 2019. FaceTec, meanwhile, has repeatedly argued that businesses will need to improve their security postures – and do so quickly – if they want to stay ahead of emerging cyberthreats. The company has offered a $100,000 bounty to anyone that can spoof its system, though no one has been able to claim the prize thus far.

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May 6, 2021 – by Eric Weiss