‘A Technological Leap’ – FacePhi Announces Adaptable, Multimodal Identity Platform at Money20/20

“Our modular platform responds to the need to adapt to all types of casuistry and users, offering a flexible model that allows accessibility to various regions, industries and use cases.” – Javier Mira, CEO, FacePhi

Money20/20 Las Vegas is now underway, and FacePhi is taking the opportunity to launch a new authentication solution that the biometrics specialist is calling a “technological leap”.

While FacePhi made a name for itself primarily through the success of its selfie-based authentication solution, its new platform is a multimodal offering. Dubbed the FacePhi Identity Platform, its aim is broad: FacePhi is framing it as a modular, highly customizable authentication solution that can be adapted to the security needs of a wide variety of organizations.

According to FacePhi’s website, the Identify Platform supports a comprehensive range of biometric modalities – including face, fingerprint, voice, digital signature, and behavior – and is supported by passive liveness technology. This versatility is in keeping with the company’s multimodal expansion that began with its InPhinite platform, which launched at Money20/20 in 2018 supporting contactless fingerprint recognition, voice recognition, and a periocular biometric recognition capability.

FacePhi says that its new offering will support both digital onboarding and authentication, and that it will adhere to the company’s “ethical biometrics” policy, requiring end user consent for the collection of biometric data and ensuring “maximum privacy” in handling end user data.

“In an increasingly digitized world, people need to interact with companies and public administrations more quickly, comfortably and safely, with the guarantee that their personal information will always be processed appropriately and with their prior consent,” explained FacePhi CEO Javier Mira. “Our modular platform responds to the need to adapt to all types of casuistry and users, offering a flexible model that allows accessibility to various regions, industries and use cases.”

In addition to acting as FacePhi’s CEO, Mira took on the role of Chairman of the Board this past summer, upon the departure of previous board chair Salvador Martí. That important management change was announced alongside impressive results for the first half of the year, with FacePhi reporting that preliminary numbers indicate that revenues were up 60 percent compared to the first half of 2020.

FacePhi’s leadership will be on hand at Money20/20 to continue discussing the new FacePhi Identity Platform as well as the company’s other offerings. The event – one of the most important annual conferences in the FinTech sector – is scheduled to run until October 27th.

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October 25, 2021 – by Alex Perala