• 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

FacePhi Biometrics Enable Remote Pension Payments in Argentina

September 28, 2020

FacePhi Biometrics Enable Remote Pension Payments in Argentina

FacePhi’s facial recognition technology is being used to transform the banking experience for pensioners in Argentina. In the past, senior citizens needed to make a visit to a physical branch location in order to collect their monthly pension, due to legislation that was essentially passed as a liveness check to prevent pension fraud.

However, Argentina has opted to relax those regulations, and is now allowing banks to accept a facial recognition scan as a valid form of liveness detection. The decision allows seniors to confirm pension payments and check collection dates without ever leaving their home, through a remote procedure that reduces face-to-face contact during the COVID-19 pandemic.

“The use of systems for accessing bank accounts is increasing among older users from different countries, who see this technology as a practical and friendly way to carry out the most common financial operations,” said FacePhi CEO Javier Mira. “This digitization has a positive social impact, especially in the situation of COVID-19, in which it is advisable to prevent older people from going to closed spaces.”

Mira went on to argue that facial recognition is safer than touch-based forms of biometric authentication. Argentinian banks have offered fingerprint authentication, but the technology is only available at the bank and forces customers to make contact with a shared device.

FacePhi, of course, is a leading provider of those kinds of selfie-based onboarding and authentication services. The company has partnered with numerous financial institutions in Argentina, and is continuing to grow its presence with the introduction of pension services. For example, FacePhi technology was deployed in a mobile pension app from the Argentinian bank Supervielle that attracted more than 150,000 users in a matter of months. FacePhi has been providing onboarding technology for Supervielle since April of 2019.

FacePhi has now partnered with roughly a dozen financial institutions in Argentina, with Santander Argentina and Banco de Corrientes signing on as some of the most recent additions to the company’s client roster. The company’s liveness detection technology achieved ISO 30107-3 certification back in June.

–

September 28, 2020 – by Eric Weiss

Related News

  • FacePhi Adapts Biometric Algorithm to Improve Accuracy with MasksFacePhi Adapts Biometric Algorithm to Improve Accuracy with Masks
  • FacePhi Escalates LATAM Activity with Two New Biometrics DealsFacePhi Escalates LATAM Activity with Two New Biometrics Deals
  • Argentinian FinTech Startup Opts for FacePhi Biometric AuthenticationArgentinian FinTech Startup Opts for FacePhi Biometric Authentication
  • Panama’s Credicorp Bank Becomes FacePhi’s First New Customer in 2020Panama’s Credicorp Bank Becomes FacePhi’s First New Customer in 2020
  • Facephi Breaks More Records in Q3 UpdateFacephi Breaks More Records in Q3 Update
  • FacePhi’s Pinakes Certification Clears Way for Partnerships With Spanish Financial InstitutionsFacePhi’s Pinakes Certification Clears Way for Partnerships With Spanish Financial Institutions

Filed Under: News Tagged With: Biometric, biometrics, COVID-19, face biometrics, FacePhi, facial recognition, FinTech, pension issuing, selfie authentication, selfie biometrics

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication 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™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D 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

TECH5 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

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

  • [UPDATED] Feb 15 Virtual Summit Sessions Announced: Digital ID in Healthcare, Financial Services, Travel
  • Innovatrics’ OCR Tech Meets Thai Alphabet Challenge
  • Biometric Registration Spreads in Africa: Identity News Digest
  • [Updated] FindBiometrics and Acuity Market Intelligence to Unveil Biometric Digital Identity Prism at Feb 15 Virtual Event
  • Jumio Brings Talent Boost to Sales Team

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 © 2023 FindBiometrics