FacePhi continues to build out its presence in the Argentina market, announcing that it has provided biometric onboarding technology for a new investment platform.
The latter is called Inviu, and was recently launched by Grupo Financiero Galicia, the largest domestically owned private bank in the country. Inviu is aimed at giving users a simple and convenient means of making investments in Argentinian and United States markets, and is a mobile-first platform.
As such, the platform demanded a reliable and low-friction means of onboarding customers. FacePhi’s SelphID software fit the bill. The biometric solution uses facial recognition to match an end user’s selfie to their image on an official identity document, enabling reliable remote identity verification through the end user’s own personal device.
“The digitization of banking and financial services continues to strongly advance in Latin America, where it is increasingly common to replace office procedures with remote contracting based on biometric technology,” explained FacePhi CEO Javier Mira. “Also, in a context marked by Covid, the commitment to a contactless service that can be accessed from one’s own home is an added value that more and more people are looking for.”
FacePhi developed the onboarding solution for Inviu in collaboration with Compusistem, its domestic IT partner in Argentina. Compusistem has worked with FacePhi on a number of projects in the country, helping to establish Argentina as a key market base for FacePhi even as the latter extends its global reach.
FacePhi will be one of the most high-profile participants in the newly announced FindBiometrics Identity Summit, slated for June 23rd.
April 8, 2021 – by Alex Perala