• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Another Korean Firm Adopts FacePhi Biometric Authentication Solution

October 26, 2020

“The Korean market is being very receptive to biometric solutions in sectors where data security and privacy are essential, such as financial management, healthcare or banking.” – Javier Mira, CEO, FacePhi

Another Korean Firm Adopts FacePhi Biometric Authentication Solution

FacePhi has further extended its reach in the APAC market with another new Korean contract. The company has announced that it’s providing selfie-based biometric onboarding technology to Hanwha Investment & Securities Co.

It would seem to be a very good fit on a brand level. On its website, Hanwha assures its customers, “Your trust is more important than anything else,” and goes on to discuss the importance of trust as one of its keystone corporate philosophies. Hanwha is gesturing more specifically to earning customers’ trust with respect to managing their assets, but in 2020 digital security is inevitably an important part of the trust equation.

That’s why Hanwha is taking advantage of FacePhi’s SelphID solution, which will be integrated into its SmartM and STEPS mobile applications. Once the technology is integrated, Hanwha clients will be able to open new accounts online, verifying their identities with a simple selfie photo. Not only will this offer convenience to the end user, but it will also heighten digital security and, in turn, reinforce customer trust.

“The Korean market is being very receptive to biometric solutions in sectors where data security and privacy are essential, such as financial management, healthcare or banking,” said FacePhi CEO Javier Mira.

The Hanwha announcement comes after FacePhi formed a partnership with HancomWITH, a South Korean digital forensics specialist, earlier this month. FacePhi opened a regional office in Korea last year in a strategic effort to expand beyond the LATAM market in which the authentication specialist has become so dominant.

“We are happy with the evolution of our company in these first months in Korea, a country that is at the forefront of technological trends and in which we hope to continue progressing, promoting facial recognition at the service of people among one of the most digitized populations in the world,” Mira added.

–

October 26, 2020 – by Alex Perala

Related News

  • Leading Central American Bank Turns to FacePhi for Remote Customer OnboardingLeading Central American Bank Turns to FacePhi for Remote Customer Onboarding
  • FacePhi Provides Biometric Onboarding for Mibanco Customers in Latin AmericaFacePhi Provides Biometric Onboarding for Mibanco Customers in Latin America
  • FacePhi Extends APAC Reach with KB Securities Biometric Onboarding SolutionFacePhi Extends APAC Reach with KB Securities Biometric Onboarding Solution
  • FacePhi Continues Ascent, Announces Massive Sales Growth for H1 2022FacePhi Continues Ascent, Announces Massive Sales Growth for H1 2022
  • Valencia Football Club to Promote FacePhi Tech to Sports PartnersValencia Football Club to Promote FacePhi Tech to Sports Partners
  • FacePhi to Shift to Four-day Work Week in 2022FacePhi to Shift to Four-day Work Week in 2022

Filed Under: Features, News Tagged With: APAC, Biometric, biometric authentication, biometric onboarding, biometrics, face biometrics, FacePhi, facial recognition, selfie onboarding, SelphID

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID Tech: America’s Most Murderous City Reverses Its Facial Recognition Ban [NEW]

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out

Identity School: Facial Recognition Cheat Sheet

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Authentication, Border Screening, Surveillance – Biometrics News Digest for August 10, 2022
  • IDEX and Reltime Collaborate On Crypto-focused Web3 Biometric Card
  • America’s Most Murderous City Reverses Its Facial Recognition Ban
  • Innovatrics’ DOT Enables Selfie-based Hotel Check-in
  • Ping to Go Private in $2.8 Billion Deal

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics