“Our partnership with SmartOSC Fintech provides our 3D Liveness and Face Matching tech to millions more users around the world, and we are thrilled to be a part of their innovative approach to securing digital services.” – Kevin Alan Tussy, CEO FaceTec
An important new partnership is poised to extend FaceTec‘s reach in the APAC region.
The 3D face authentication specialist has teamed up with SmartOSC Fintech, a subsidiary of SmartOSC. The latter is an e-commerce-focused digital agency whose client roster includes major names like Paypal, OpenPay, and Eway, among others.
The companies will work together to offer 3D face authentication technology to banks and other financial services organizations in Asia. A number of use cases will likely be of interest to SmartOSC Fintech’s clients and partners, from remote customer onboarding to account login to transaction authorization.
In a statement announcing the partnership, SmartOSC founder and CEO Thai Son Nguyen gestured to two major trends that are helping to drive interest in the kind of biometric identity verification technology offered by FaceTec: heightened regulatory standards and the acceleration of digital transformation in the wake of the COVID-19 pandemic.
“eKYC is a rising standard for banks and financial institutions all over the world,” he explained, adding later, “It’s clear that banks and financial institutions are looking for new solutions to adapt to the digitalization trend, and SmartOSC Fintech strives to be the vendor to provide the best-in-class service for them.”
The SmartOSC partnership should help to further elevate FaceTec’s global profile, with the latter having recently burnished its reputation with a 321 percent increase in revenues in the first quarter of this year, followed by a high-profile presence at the inaugural FindBiometrics Identity Summit.
“Our partnership with SmartOSC Fintech provides our 3D Liveness and Face Matching tech to millions more users around the world, and we are thrilled to be a part of their innovative approach to securing digital services,” commented Kevin Alan Tussy, FaceTec’s CEO.
July 28, 2021 – by Alex Perala